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

* Reuters is not responsible for the content in this press release.

Thu Apr 17, 2008 10:55am EDT

  VANCOUVER, BC, Apr 17 (MARKET WIRE) -- 
 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.,
www.northstarelectronics.com, #604-685-0364 and/or Rich Kaiser Investor
Relations,
YES INTERNATIONAL, yes@yesinternational.com, #800-631-8127 and/or Ms. Beverly
Jedynak,
Media Relations, Martin Janis & Co, Inc., b.jedynak-janispr@att.net, (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.

    

For further information contact:
NorthStar Electronics, Inc.
www.northstarelectronics.com
604-685-0364

Rich Kaiser
Investor Relations
YES INTERNATIONAL
Email Contact
800-631-8127

Ms. Beverly Jedynak
Media Relations
Martin Janis & Co, Inc.
Email Contact
(312) 943-1000 Ext. 12.

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