SOURCE: Northstar Electronics, Inc.

April 17, 2008 10:55 ET

Northstar Electronics, Inc. (NEIK) Reports 2007 Year End Results

VANCOUVER, BC--(Marketwire - April 17, 2008) - Northstar Electronics, Inc. (OTCBB: NEIK) for 2007, reported total revenues of $1,611,2003 compared with $1,460,508 in 2006. This represented a 10.3% increase over the previous year. The Company incurred a net loss of $778,818 compared with a net loss of $969,286 in 2006, representing a 19.7% decrease. The net loss per share was $0.03 compared to $0.05 in 2006.

Total revenues included sales of $1,501,375 and $153,286 in recovery of Research and Development costs compared with $1,148,810 and $311,698 in 2006, respectively. The comparison of sales figures reveals an actual growth in sales of 30.7%.

During the year, the Company completed a small "Parts" Submarine Console Contract with Lockheed Martin Canada, commenced work on a $6.3 million, 5-year, Master Contract for the refurbishment of the outer Wing Box on the P3/CP140 Orion, a maritime surveillance aircraft, for Lockheed Martin Aeronautics, and work on a $700,000 contract for the design and prototype manufacturing of several specialized sonar wide-band projector units for Lockheed Martin Canada.

Dr. Wilson Russell, Northstar's CEO, stated that these contract awards and the demonstrated capability and work quality of Northstar personnel serves as a strong basis for the Company to move forward with other contract opportunities.

He also added that the Company is better "staged" to expand its revenues for both Contract Manufacturing and the NETMIND product in the following year.

For further information contact, NorthStar Electronics, Inc.,, #604-685-0364 and/or Rich Kaiser Investor Relations, YES INTERNATIONAL,, #800-631-8127 and/or Ms. Beverly Jedynak, Media Relations, Martin Janis & Co, Inc.,, (312) 943-1000 Ext. 12.

Safe Harbor:

Note: Included in this release are forward-looking statements within the meaning of Section 27A of the Securities Act 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