NEW YORK, April 6, 2015 (GLOBE NEWSWIRE) -- Golden Star Enterprises Ltd. (PinkSheets:GSPT) reports that the Company has acquired 100% of the licensing rights for manufacturing and distribution of North American Drones Enterprise Inc.'s (NAD) branded line of drone products with the issuance of 38,000,000 restricted common shares of the Company. The rights were purchased through affiliated parties.
NAD is in the business of producing and marketing drones to a wide range of potential users for commercial and recreational use. Drones (also known as Unmanned Aircraft Vehicles (UAV)), most commonly associated with military applications are increasingly developing civil applications. Recent advances in technology and a concurrent drop in production costs have changed the market for drones and the services they can provide. A report released by the Association for Unmanned Vehicle Systems International (AUVSI) forecasts the total domestic impact to reach more than $82 billion. Drone services include aerial surveying, aerial video and photography, search and rescue operations, inspecting power lines and pipelines, counting wildlife, delivery of supplies (particularly to remote areas), forest fire detection, surveillance, and much more. A large number of tasks performed from the ground today that are either personnel intensive, infrastructure intensive, or time intensive, can be more easily accomplished through the use of drones.
NAD's focus is to sell drones that make it easy for the everyday consumer to use and allow businesses to provide services new to their industry. NAD's core business can be divided into two main areas:
1) the highly customized sales of drones in the "Mini", the "Prosumer" and "commercial use" market segments; and,
2) the leasing of purpose built drones to assist the private sector in specific lines of work.
NAD currently has three different drones in their brand and they are, The X Factor (18.5x18.5x2cm), Kasper (35x35x10cm) and I-Sky (80x40x42cm). What differentiates NAD from its competitors is that its drones are sold at a lower price point, and its drones can be operated by novices and experts alike. The Company's headquarters are located in North America to provide better customer support to its clientele. More information about NAD, view http://www.nadrone.com
NAD has an exclusive co-branding, distribution agreement in place with one of the top drone makers in the world (manufacturer of "Ghost" drones) to sell co-branded drones throughout North America.
More information about NAD can be found on website www.nadrone.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Golden Star's filings with OTC Markets.
CONTACT: For further information contact: 1-888-488-6882 /s/ Matt Kelly Matt Kelly, DirectorSource:Golden Star Enterprises Ltd.