Defense Technologies International Corp (DTII)

[TexMexStrat]

Interesting Read: Company History

I present this as an interesting read based on my DD. It does not change my feeling that DTII is headed for bigger things IMO. In fact, I feel much better about DTII as a real deal company and not an OTC shell game.

Oct 2015 - Colorado Gold Corp enters into agreement to buy DTC and changes name to Defense Technologies International Corp. DTC has exclusive agreement with Controlled Capture Systems http://www.controlcapture.com (look familiar?) for Passive Scan technology.

Oct 2016 - DTII issues 8K and cancels agreement to buy DTS due to pending litigation and inability to provide audited financial statements -> https://www.sec.gov/Archives/edgar/data/1533357/000109690616001962/defense.htm

However, the Oct 2016 8K states that:
“In connection with executing the Rescission Agreement with DTII, DTC rescinded its agreement with the inventor and developer of the assets and technology related to the defense, detection and protection products that were the subject of the original Definitive Agreement. Thereafter, DTII entered into negotiations with the inventor with a view of licensing the technology.

License Agreement

Controlled Capture Systems, LLC, an Idaho limited liability company ("CCS") representing the inventor of the technology and assets previously acquired by DTC, entered into a rescission agreement with DTC. The agreement dated October 17, 2016 provided that the previous license agreement and independent contract agreement between DTC and CCS were terminated. Also, all debts and payments between the parties were deemed paid in full and all terms and conditions of the license agreement and independent contract agreement were terminated with no further force or effect. The parties further agreed that CCS would have the full and unencumbered right to enter into similar exclusive license agreements with any third party. On October 19, 2016, DTII entered into a new Definitive Agreement with CCS that included a new exclusive Patent License Agreement and Independent Contractor Agreement. Under the agreements, CCS granted to DTII an exclusive license to the assets comprising the technology and products of the defense, detection and protection security products invented and developed by the inventor and CCS.

In short, DTII has exclusive rights to all Passive Scan technology and is the sole distributor worldwide! Now, all we need is sales data and we are golden..