SOURCE: Northstar Electronics, Inc.

Northstar Electronics, Inc.

March 08, 2010 12:15 ET

Steven Georgiev Joins Northstar Electronics as Business Advisor

VANCOUVER, BC--(Marketwire - March 8, 2010) - Northstar Electronics, Inc. (OTCBB: NEIK) announces that Mr. Steven Georgiev has joined the company in an advisory role on financing and potential acquisitions. 

Mr. Georgiev began his career at the Avco Systems Division (now Textron Systems) where he was instrumental in developing the division and became Chief Operating Officer of this $300M revenue aerospace business. He left Textron to found and manage, sequentially, a number of early stage technology companies, several of which went public and achieved valuations of up to $400M. Investment exit positions also included company sales to strategic buyers.

Mr. Georgiev has participated in over 30 merger and acquisition transactions as well as many private and public financings. He has an Engineering Physics degree from Cornell University and an MBA from MIT where he was a Sloan Fellow.

Dr. Wilson Russell, CEO of Northstar Electronics, said, "We are pleased to have Steven Georgiev onboard. His background and experience should prove very beneficial to our company's business development and growth."

About Northstar Electronics, Inc.

Northstar Electronics Inc., through its subsidiary, Northstar Network Ltd., provides engineering, prototyping and production services to the defense and Homeland Security industries.

Safe Harbor: Included in 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.

Contact Information

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