ProfitScout
2 weeks ago
$BLIS News: NAPC Defense, Inc. (OTCPK: BLIS) updates Progress with Saudi Arabia regarding Future Plans and CornerShot Demonstrations
LARGO, Fla., Aug. 13, 2024 (GLOBE NEWSWIRE) -- NAPC Defense, Inc., (OTCPK: BLIS) (“NAPC” or “the Company”) announces that its representatives have returned from their meetings with interested parties in Europe and Saudi Arabia, concerning its CornerShot products, various munitions, and other military hardware.
The NAPC representatives made progress with their Saudi Arabian counterparts and the potential for proposed contracts remains promising. NAPC received a $253,000 Purchase Order to support technical activity and expertise for CornerShot, drones, and other munitions. This support requires sending in country personnel to assist the Saudi Ministry of Defense (“MOD”) with technical questions and training.
https://ml.globenewswire.com/Resource/Download/bfacedcc-0a5d-4443-9534-c3db982e152a/napc-saudi.jpeg
Pictured from left to right are John Spence, NAPC CFO, Stephen Gurba, NAPC President, Eng. Abdullah Mohamed Al Bassami, and Eng. Abdul Qader AI Bassami; in front of Saudi Prince’s Palace, during their recent meetings.
NAPC representatives are expected to return to Saudi Arabia by the end of August to support a seven-day demo event and to advance its existing large intended order for CornerShot. Due to unexpected active military activities on the Saudi Arabian border during NAPC’s recent trip, civilians in general, including the Company’s representatives, were restricted access to conduct the necessary CornerShot demonstrations with MOD leaders and soldiers.
John Spence, NAPC Defense’s CFO and weapons specialist, stated, “Our visit with leaders in Saudi Arabia advanced our relationship in so many positive ways. We appreciated the hospitality and eagerness to conduct business with our team, opening the door to many new potential contracts. We also fully expect NAPC Defense to finalize agreements for large orders of CornerShot following live demonstrations.”
About NAPC Defense, Inc.
NAPC Defense, Inc. https://www.napcdefense.com/ is an armament sales and production company, fully licensed in the United States, with exclusive rights to produce and sell CornerShot USA weapons systems in the U.S. and Saudi Arabia, in addition to brokering arms and munitions throughout the world all with U.S. State Department approval. Additional smaller weapons platforms, a series of ballistics protection technologies and related products are in development or being finalized for sale.
FORWARD LOOKING STATEMENTS:
This press release and the statements of representatives of NAPC (the “Company”) related thereto contain, or may contain, among other things, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are “forward-looking statements,” including any other statements of non-historical information.
These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as “guidance,” “projects,” “may,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “ultimately” or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results (including, without limitation, NAPC's ability to advance its business, generate revenue and profit and operate as a public company) could differ materially from those stated or anticipated in these forward-looking statements as a result of a variety of factors, including factors and risks discussed in the periodic reports that the Company files with the SEC. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.
COMPANY CONTACT:
Kenny West, CEO (754) 242-6272 Ext.713
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bfacedcc-0a5d-4443-9534-c3db982e152a
https://www.globenewswire.com/newsroom/ti?nf=OTIwMzgwNCM2NDIwOTEyIzIyNjE1MDY=
https://ml.globenewswire.com/media/NTVkMTJlYTctY2MxNS00NjJjLWE2OWMtY2MyZTk0Y2QyYzNjLTEyNzMwNTY=/tiny/Treasure-Shipwreck-Recovery-In.png
Pictured from left to right are John Spence, NAPC CFO, Stephen Gurba, NAPC President, Eng. Abdullah Mohamed Al Bassami, and Eng. Abdul Qader AI Bassami; in front of Saudi Prince’s Palace, during their recent meetings.
Pictured from left to right are John Spence, NAPC CFO, Stephen Gurba, NAPC President, Eng. Abdullah Mohamed Al Bassami, and Eng. Abdul Qader AI Bassami; in front of Saudi Prince’s Palace, during their recent meetings.
Source: NAPC Defense, Inc.
© 2024 GlobeNewswire, Inc.
ProfitScout
1 month ago
$BLIS News, July 25, 2024: NAPC Defense, Inc. (OTCPK: BLIS) begins Highly Anticipated Visits with Key European Contacts, and to Saudi Arabia for CornerShot Demonstrations
LARGO, Fla., July 25, 2024 (GLOBE NEWSWIRE) -- NAPC Defense, Inc. (OTCPK: BLIS) (“NAPC”) announces that its representatives began its European and Saudi Arabian corporate trip. For the past two weeks, management met with defense contracting partners in Germany and other countries for strategic supply of needed defense items for Allied Countries.
The NAPC team is now in Saudi Arabia, upon invitation from the Saudi Government and related Ministries, and will perform numerous live-fire demonstrations of CornerShot firearm tactical devices. Additionally, NAPC Defense will be representing other arms and munitions technology for potential orders, as well as other related business as requested by parties from Saudi Arabia.
As previously announced, NAPC received a signed and stamped LOI from Saudi Arabia for an initial order of 37,000 units of the CornerShot, valued at (U.S.) $370 million. Following its visit and demonstrations, NAPC anticipates a new Definitive Order Agreement.
The CornerShot technology licensed from Silver Shadow of Israel will be manufactured by NAPC Defense in the United States near its Largo, Florida headquarters. All necessary production equipment has been ordered and paid for so that large scale production of the CornerShot can begin in the near-term. NAPC Defense has an exclusive license to produce and sell CornerShot for Saudi Arabia and The United States.
Recently, NAPC Defense displayed and presented the CornerShot at police and tactical unit conferences in Florida and New Jersey, with significant order interest. NAPC has also demonstrated CornerShot to several law enforcement and military units at its Largo, Florida location, utilizing its indoor smokeless demonstration range and real range use.
As previously disclosed, NAPC Defense is licensed and approved to broker munitions and military hardware already produced and in inventory at various locations worldwide. NAPC anticipates orders for different munitions and military hardware items that are of need to Allied and NATO forces for the Ukrainian conflict and the Middle East. The inventory of these items, if sold at currently offered fair value, totals over (U.S.) $2.5 billion. NAPC would realize appreciable 10-20% fees for such brokering transactions.
About NAPC Defense, Inc.
NAPC Defense, Inc. https://www.napcdefense.com/ is an armament sales and production company, fully licensed in the United States, with exclusive rights to produce and sell CornerShot USA weapons systems in the U.S and Saudi Arabia, in addition to brokering arms and munitions throughout the world all with US State Department approval. Additional smaller weapons platforms, a series of ballistics protection technologies and related products are in development or being finalized for sale.
FORWARD LOOKING STATEMENTS:
This press release and the statements of representatives of NAPC. (the "Company") related thereto contain, or may contain, among other things, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including any other statements of non-historical information.
These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as "guidance," "projects," "may," "could," "would," "should,’ “believes," "expects," "anticipates,” “estimates," "intends," "plans, “ultimately" or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results (including, without limitation, NAPC's ability to advance its business, generate revenue and profit and operate as a public company) could differ materially from those stated or anticipated in these forward-looking statements as a result of a variety of factors, including factors and risks discussed in the periodic reports that the Company files with the SEC. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.
COMPANY CONTACT:
Kenny West, CEO (754) 242-6272 Ext.713
BIOCHEMUP
2 months ago
BLIS / NAPC works with Silver Shadow, has the rights to sell the Cornershot in U.S.A. and Saudi Arabia.
Silver Shadow works with IWI, IWI has a partnership in India:
IWI owns several factories overseas, for the manufacture of weapons for local markets. In India, IWI is establishing a joint-manufacturing center with Punj Lloyd with IWI owning 49% of the plant, and Punj Lloyd owning 51% of the plant), which will be India's first privately-owned small-arms manufacturing plant. The factory will manufacture firearms for the Indian army.IWI said in 2017, that it expects tenders with the Indi
an army in the region of $200–300 million.
BLIS has a pending deal with Saudia Arabia, for a similar $200-300 million in sales
>> NAPC’s Corner Shot USA receives signed and stamped LOI for initial 37,000-unit order, equivalent to $370 million in revenue, from a leading Saudi Arabian supply chain and manufacturing provider.
*** with a net profit margin of at least 20% to NAPC
BIOCHEMUP
2 months ago
The Company acquired the rights to the matters set forth in the acquisition agreement, for the CornerShot sales and production rights from Native American Pride Constructors, for sales and production in the United States
>> the ability and agreements to produce the CornerShot domestically in the United States which includes a current plastics manufacturer relationship and metals production relationship, both to be contracted, for such units of the CornerShot to be produced for all contracts to be achieved.
CornerShot rights for sale, domestically and through Saudi Arabia as existing with Silver Shadow of Israel, including the LOI for the CornerShot sale for Saudi Arabia from the Ministry of Defense, which is expected, for an expected order and contract for some 37,000 units of the CornerShot firearms and tactical units to Saudi Arabia as held by Native American Pride for the Silver Shadow of Israel, amount owed for Saudi Arabian payments.
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