SOURCE: northstar electronincs

January 10, 2008 13:10 ET

Northstar Electronics' (NEIK) NETMIND Product Sales Stimulates Revenue Growth

Customers Report Fuel Cost Savings

VANCOUVER, BC--(Marketwire - January 10, 2008) - Northstar Electronics Inc. (OTCBB: NEIK) announces significant growth and market penetration of its NETMIND commercial fishing system. NETMIND revenues in 2007 were up 30% over the previous year. This growth also resulted in a backlog of orders which gives the product a "running start" this year. "We intend to continue our aggressive marketing campaign, opening up new territories this year," said Terry McLeod, Northstar's VP, Development and Planning.

The industry has a strong need for controlling vessel costs and increasing production efficiencies, with high fuel costs about to impact the industry. The NETMIND product specifically delivers capabilities to operators to achieve these measures. Mr. McLeod went on to say, "Northstar's NETMIND sonar system for commercial fishing vessels continues to receive accolades over its functionality."

For further information about this release contact Rich Kaiser, YES INTERNATIONAL, Investor relations, #800-631-8127.

Safe Harbor:

Note: Included in this release are forward-looking statements within the meaning of Section 27A of the Securities A ct of 1993, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the safe harbor created by those sections. Although the Company believes such expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove correct. The Company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain internal and external factors.

Contact Information

  • For Investor Relations Contact:

    Northstar Electronics, Inc.
    409 Granville Street Suite # 1455
    Vancouver, B.C. V6G 3A3
    Phone: (604) 685-0364
    Fax: (604) 685-8337

    YES International
    Mr. Rick Kaiser
    3419 Virginia Beach Blvd. Suite # 252
    Virginia Beach, Virginia 23454
    Phone: (757) 306-6090
    Fax: (757) 306-6092
    Email: Email Contact

    For Media Contact:
    Martin Janis & Co, Inc.
    Ms. Beverly Jedynak
    625 North Michigan Avenue Suite # 420
    Chicago, Illinois 60611
    Phone (312) 943-1000 Ext. 12
    Fax: (312) 943-3538
    Email: Email Contact