$BLIS NAPC Defense, Inc. (OTCPK: BLIS) issues Prog
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Posted On: 10/22/2024 9:47:19 AM
$BLIS NAPC Defense, Inc. (OTCPK: BLIS) issues Progress Report regarding Large Contract with Saudi Arabia
https://www.globenewswire.com/en/news-release...rabia.html
LARGO, Fla., Oct. 22, 2024 (GLOBE NEWSWIRE) -- NAPC Defense, Inc., (OTCPK: BLIS) (“NAPC” or “the Company”) announces that representatives recently returned from an additional two weeks of meetings and CornerShot USA weapons systems demonstrations in 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.
Management is pleased to report the following updates:
During the most recent two-week trip in Saudi Arabia, NAPC representatives successfully demonstrated CornerShot at the Tabuk military installation in northern Saudi Arabia to four military groups.
Two more demonstrations are scheduled in November for two special operations military groups in Saudi Arabia.
The proposed final contract is expected to include a transfer of technology after completion of the initial order of 37,000 CornerShot units. NAPC Defense would receive a significant fee to complete the transfer over a five-year time frame.
Management is pleased with progress of its negotiations with Saudi Arabia and maintains its business plans are on track for CornerShot as well as new brokered defense transactions.
NAPC Defense also plans to attend the upcoming National SWAT Team show https://www.floridaswat.org/swat-round-up-international and has secured Booth #103. The address for the event follows: OCSO Range – 14500 Wewahootee Rd, Orlando, FL 32832.
Live fire demonstrations for a number of police departments are anticipated in Florida and New Jersey over the near term which, in turn, is expected to yield significant sales in the first quarter of 2025.
Kenny West, CEO of NAPC, stated, “We are pleased with our progress with the CornerShot USA Weapons Systems in both Saudi Arabia and the USA. Our sales projections and net profit forecasts remain on target for 2025.”
https://www.globenewswire.com/en/news-release...rabia.html
LARGO, Fla., Oct. 22, 2024 (GLOBE NEWSWIRE) -- NAPC Defense, Inc., (OTCPK: BLIS) (“NAPC” or “the Company”) announces that representatives recently returned from an additional two weeks of meetings and CornerShot USA weapons systems demonstrations in 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.
Management is pleased to report the following updates:
During the most recent two-week trip in Saudi Arabia, NAPC representatives successfully demonstrated CornerShot at the Tabuk military installation in northern Saudi Arabia to four military groups.
Two more demonstrations are scheduled in November for two special operations military groups in Saudi Arabia.
The proposed final contract is expected to include a transfer of technology after completion of the initial order of 37,000 CornerShot units. NAPC Defense would receive a significant fee to complete the transfer over a five-year time frame.
Management is pleased with progress of its negotiations with Saudi Arabia and maintains its business plans are on track for CornerShot as well as new brokered defense transactions.
NAPC Defense also plans to attend the upcoming National SWAT Team show https://www.floridaswat.org/swat-round-up-international and has secured Booth #103. The address for the event follows: OCSO Range – 14500 Wewahootee Rd, Orlando, FL 32832.
Live fire demonstrations for a number of police departments are anticipated in Florida and New Jersey over the near term which, in turn, is expected to yield significant sales in the first quarter of 2025.
Kenny West, CEO of NAPC, stated, “We are pleased with our progress with the CornerShot USA Weapons Systems in both Saudi Arabia and the USA. Our sales projections and net profit forecasts remain on target for 2025.”
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