MVP Contest News Alert:  NEIK Northstar Electron

MVP Contest News Alert:  NEIK

Northstar Electronics CEO Executes Stock Conversion
VANCOUVER, BC, Jun 07, 2012 (MARKETWIRE via COMTEX) -- Northstar Electronics, Inc. (OTCQB: NEIK) (PINKSHEETS: NEIK) announces today the conversion to common stock of funds owed to Dr. Wilson Russell, CEO of Northstar Electronics.

On May 22, 2012, Dr. Wilson Russell, CEO and Director of Northstar Electronics converted two hundred thousand US dollars ($200,000) of monies owed to him by the company into common shares of company stock. The price of conversion was five cents per share ($0.05).

This brings total conversions by Dr. Russell cumulatively to approximately four hundred and fifty thousand dollars ($450,000) into common stock over the last few years, all executed at share prices higher than trading prices at the times of conversion.

Northstar Electronics now trades on the OTCQB and intends to maintain its reporting status with the SEC.

About Northstar Electronics, Inc.

Northstar Electronics, Inc. is a holding company with executive management specialized in design engineering, defense, advanced systems, security, sonar, systems integration, and prototyping fields. Echotec Sonar Corporation is a wholly owned subsidiary with founders that have over eighty combined man-years of expertise developing high-frequency sonar products within the defense and commercial industries. Northstar is actively pursuing opportunities through acquisition, joint venture, or merger to increase revenues and expand its base of subsidiaries.  http://www.northstarelectronics.com

Safe Harbor Statement This press release contains forward-looking statements. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as its future results of operations and financial condition. Such risks include, but are not limited to, the effects of competition with existing enterprises and/or new entrants into the company's markets and industries, fluctuations in currency exchange rates, domestic and global economic conditions generally, the company's ability to obtain financing and attract suitable personnel where required to fully implement its business plan, the adoption and acceptance by the marketplace of the company's technologies and product and service offerings, the possibility of new technologies that are competitive with the company's planned product and service offerings and the effects of future political and economic developments both in the United States and abroad, among others. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of information, future events or otherwise.

 For further information contact  
 
Rich Kaiser 
 
Investor Relations 
 
YES INTERNATIONAL 
 
yes@yesinternational.com 
 
800-631-8127  
 
 
 
 
 
 

 CONTACT:          mailto:yes@yesinternational.com 
 
 
 
 

 Copyright 2012  Marketwire, Inc., All rights reserved. 
 
 

 SUBJECT CODE:     Aerospace and Defense:Electronics and Communications 
 
                  Aerospace and Defense:Marinecraft 
 
                  Computers and Software:Hardware 
 
                  Computers and Software:Internet 
 
                  Transportation and Logistics:Maritime 
 
                  Computers and Software eripherals 
 
                  Computers and Software:Software 
 
                  Government:Security (law enforcement, homeland etc) 
 
                  Computers and Software:Networking