This is even better. Notice the letters of expression part.
NEWS UPDATE
Northstar Electronics’s joint venture company with Sealand Aviation, Northstar Sealand Enterprises Ltd. (NSEL) , is working to secure licence/distributor agreements with an Original Equipment Manufacturer (OEM) to assemble, certify, manufacture,
service, repair, and market a new version of a turboprop single engine airplane for the North & Central American, and other markets. The airplane is used in multi-purpose commercial applications in a growing market.
Since the last update, progress has been made, and we are currently working towards completing financial and contractual arrangements. Additional market areas recently gained should add considerably to our potential sales.
We are continuing our market research and planning new sales strategies to generate orders from the multiple new markets. Letters of expression of interest in the new aircraft have been received from prospective customers.
We are planning flight demonstrations for next year, with first deliveries expected in late summer 2016.
Work is progressing on Northstar’s intent to become current with its SEC reporting in as short a time frame as possible.
As we stated previously, once we achieve our objectives, we believe that our share price will respond favorably and that it could reach a reasonable and stable price range.
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