NEIK NEWS - Northstar Electronics CEO Executes Stock

New Post Public Reply Private Reply Replies (0) Message Board
MicroCapStocksRock

[b]NEIK NEWS - Northstar Electronics CEO Executes Stock Conversion[/b]

Today : Thursday 7 June 2012

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

My Favorite plays are on the Nasdaq DIP and RIP Board http://investorshangout.com/NASDAQ-DIP-and-RIP-87909/
My Favorite Paid chat room with amazing chart setups is The Trading Stock Lounge http://www.thetradingstocklounge.com/

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Planes Moving Seizing Growth in Cincinnati-Dayton Corridor

Updated Category News Views 2

Strategic Movements in the Logistics Arena Putting wheels to brilliant moves, Planes Moving & Storage of Dayton is tweaking its operations with a big change in scenery—expect the dynamics in the Cincinnati-Dayton corridor to really start popping. Now, if you’ve ever skimmed the logistics world, you know it’s a place where shuffles can be seismic, and relocating...

Continue Reading
Graywind Redefines Flexibility with New Blinds 2.0

Updated Category News Views 2

Sliding blinds—who knew they'd stir up such a fuss? But here comes Graywind, rolling out their Manual Sliding Track Blinds 2.0, and it's clear they're turning heads in Santa Clara and beyond. This ain't your grandma's drapery setup. We're talking about a sleek, mid-to-premium panel-track system designed to cater to modern living spaces and architectural whimsy. It's...

Continue Reading
Reolink Unveils OMVI 2i Ultra at IFA 2026

Updated Category News Views 6

Reolink's Bold Move Into the Future of Home Security Amidst the hustle of Berlin's IFA 2026, Reolink dropped its latest gem: the OMVI 2i Ultra—an all-in-one security powerhouse promising to change the game for home protection junkies. As usual, Reolink's got its eyes on the prize, pushing boundaries with this latest lineup. OMVI 2i Ultra: Dual-View Revolution If you've...

Continue Reading
UGREEN's MagFlow Series: A Game-Changer in Charging

Updated Category News Views 2

UGREEN Unveils a Cool Revolution in Charging Out in Foxborough, UGREEN is shaking things up at its Smart Living Launch Event. The big reveal? The MagFlow Series, their flagship wireless charging lineup, which promises faster and cooler charging than ever before. UGREEN's taking wireless charging to new heights, and that's got my attention. What Makes MagFlow Stand Out...

Continue Reading
Exemplar Luxury Group Taps Gretchen Koback Pursel

Updated Category News Views 2

Changing the Game with a New Chief People Officer There’s an old saying in retail: talent rules everything. Well, Exemplar Luxury Group is doubling down on this with its appointment of Gretchen Koback Pursel as Chief People Officer. Set to take the reins on September 28, Pursel brings an impressive resume chock-full of luxury and innovative transformations from big...

Continue Reading
Dahua Dives Deep into AIoT at IFA Berlin 2026

Updated Category News Views 1

Dahua's AIoT Vision Unfolds in Berlin Forget the coffee runs and the all-too-dry boardroom discussions—Dahua Technology has taken the stage at IFA Berlin 2026 and they're not just singing the same old tune. They're blasting through innovation barriers with a mix of AIoT—the next-gen tech cocktail everyone’s buzzing about. Leveraging AIoT might sound like...

Continue Reading
AARP New York Promotes Affordable 'Staycation' Experiences

Updated Category News Views 2

Exploring New York Without Breaking the Bank Tough times call for creative solutions, and AARP New York is on the ball. With travel costs soaring and many older New Yorkers scrimping to make ends meet, the 'Staycation' campaign steps in with an offer too good to pass up: uncovering the gems of New York right under our noses without shelling out hefty sums. The plan? Turn...

Continue Reading
Baseus Debuts Innovations at IFA 2026: Earbuds to Security

Updated Category News Views 2

Baseus Pumps New Blood into Tech Gadgets Well, if you're looking for some fresh tech pumping in from Berlin, Baseus tossed out some intriguing gizmos at IFA 2026 that'll perk up your ears. We're looking at an evolution from a brand that's clawed its way from everyday accessories to a full-blown tech ecosystem—pretty ambitious, if you ask me. Baseus isn't playing small...

Continue Reading
SimpliTrain's Momentum in LMS Market Heating Up

Updated Category News Views 0

SimpliTrain Finds its Groove in the LMS Arena Out here in Delray Beach, SimpliTrain's making waves in the Learning Management System (LMS) market, recently snagging the 'Pervasive Player' tag from MarketsandMarkets' 360Quadrants platform. This cloud-based learning powerhouse ain't just playing around; they're doubling down with expansion into AI and other fancy tech bits...

Continue Reading
Inturai Ventures Closes Final Tranche with a Twist

Updated Category News Views 0

Wrapping Up a Wild Ride in the Investment Arena Markets are a fickle friend, and today we've got Inturai Ventures calling it a day on their latest cash grab. They've locked the final tranche of their private placement, pulling in an aggregate $963,713.70. Feels like they're counting pennies in this venture, but every cent counts when your aim is to shake up industries...

Continue Reading

Top 5 Most Recently Viewed Articles

Vermilion Energy Makes Strategic Move with Coelacanth Shares

Updated Category News Views 115

Vermilion Energy's Recent Share Transaction with Coelacanth Energy Vermilion Energy Inc. (TSX: VET) has made a notable move recently by selling 26,000,000 common shares of Coelacanth Energy Inc. This decision was executed through privately negotiated transactions at a price of $0.76 per share, culminating in a total transaction value of $19,760,000. The magnitude of this...

Continue Reading
Exciting Developments in FAT Brands' Financing Strategy

Updated Category News Views 210

FAT Brands Enhances Fazoli’s Securitization for Greater Flexibility FAT Brands Inc. (NASDAQ: FAT), a renowned global player in the franchise sector, has taken significant strides towards optimizing its financial structure. The company operates a variety of popular restaurant concepts, including Fazoli's and Native Grill & Wings, and has recently announced amendments to...

Continue Reading
Richmond Mutual Bancorporation Delivers Robust Q3 2025 Results

Updated Category News Views 144

Richmond Mutual Bancorporation Reports Strong Performance Richmond Mutual Bancorporation, Inc. has announced remarkable financial results for the third quarter of 2025, showcasing substantial growth in net income and overall financial health. As a community-focused financial institution, the company, which is the parent of First Bank Richmond, recorded a net income of...

Continue Reading
World Bank Introduces Gender Strategy for Women's Empowerment

Updated Category News Views 313

World Bank's New Gender Strategy: Empowering Women Economically The World Bank has recently launched an ambitious initiative to enhance economic prospects for women across the globe. This initiative, titled the Gender Strategy 2024-2030, is designed to deliver substantial changes in how women engage with the economy. By providing better access to essential resources, this...

Continue Reading
Zimmer Biomet Set to Deliver Insights on Financial Results

Updated Category News Views 127

Zimmer Biomet Schedules Webcast for Financial Results Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH) has recently announced an exciting opportunity for shareholders and stakeholders alike with its upcoming conference call regarding the financial results for the fourth quarter of 2024. This conference call is set to take place via a live audio webcast on February 6,...

Continue Reading