Defense Technologies International Corp. - Shareholders Update
Del Mar, California--(Newsfile Corp. - October 23, 2018) - Defense Technologies International Corp. (OTC Pink: DTII) (The Company) is pleased to provide an update on its progress.
Presenting the 'Passive Portal' at the TASBO Convention, Corpus Christi Tx.
TASBO is an independent, not-for-profit professional association that is dedicated to being the trusted resource for school finance and operations for schools in Texas and represents the Texas branch of ASBO Intl. (Association of School Business Officials International). Currently TASBO has approximately 6,500 members representing more than 1,200 school districts in Texas.
Our 'Passive Portal' was presented to the public for the first time with great success.
On October 2, 2018, The Company completed a successful two-day Beta Test at a Highschool near Austin, TX. The Company's 'Passive Portal' performed as designed and expected at the School and the Test provided important insight into the 'Passive Portal' technology, its multiple potential uses in the educational environment as well as other public venues.
Service Agreement with Hanover International, Inc.
Defense Technologies entered into a service agreement with Hanover International, Inc. located in LaQuinta, California. Hanover will operate as an independent contractor to the company, providing consulting services related to business and finance strategy.
For further information see our 8K filing at: https://www.sec.gov/Archives/edgar/data/1533357/000109690618000563/defense.htm
Lease of Assembly/Production Plant
On October 16, 2018, Defense Technologies entered into a Commercial Lease Agreement with RDS Rental GP, whereby we procured a lease of commercial property located in Rexburg, Idaho. The lease consists of approximately 4,700 square feet and will commence on November 1, 2018 for a term of 36 months at the rental rate of $3,250.00 per month.
For further information see our 8K filing at: https://www.sec.gov/Archives/edgar/data/1533357/000109690618000571/defense.htm
For more information on the Passive Security Scan Technology and the Passive Portal, visit www.passivesecurityscan.com.
The "Passive Portal" technology is based on the 'Earth's Magnetic Fields' with no emissions emitted for detection and is therefore extremely safe for any person passing through the 'Passive Portal'. The Passive Security Scan system uses highly developed field sensing technology using patented methods to sense and pin point the location of contraband detected.
We are pleased to present the Company's Subsidiary's Video Production about the "Passive Security Scan" Project.
Please view the VIDEO at: YouTube
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are no guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Defense Technologies International
Merrill W. Moses, President & CEO
Phone: 800 520-9485