Northstar Electronics Inc (fka NEIK)

[GREGG THE GREEK]

great numbers here for any stock trading at these levels

from todays pr



Leading market researcher, Documental Solutions, has indicated that the United States naval sonar market alone is valued at $3 billion per year in total spending and according to IBISWorld, "between now and 2016, revenue within the sonar device industry is forecast to $1.2 billion, including a 2.5% jump in 2012. During this period, demand will be driven by an increase in scientific R&D funding as businesses expand budgets after decreasing spending in 2008 and 2009, replacement demand from military customers, and rising demand from ship builders and fisheries."

Realistic opportunities for Echotec Sonar, considering sales with existing relationships and through new contacts, are expected to exceed $50 million dollars over the next five years.