DTII news
Las Vegas, Nevada--(Newsfile Corp. - June 22, 2017) - Defense Technologies International Corp. (OTCQB: DTII) (The Company), a developer of security technologies announced today it has reduced its corporate debt by $175,182.
Further to the Debt Reduction of $500,000 as announced in March, Defense Technologies International Corp. reduced its liabilities by an additional $175,182 during the months of February 2017 to May 31, 2017.
"Defense Technologies remains committed to starting production of its Non-X-ray Scanner in the very near future. We have initiated negotiations with a Swiss Corporation, a former Lender and Shareholder, to secure future necessary production funding. We appreciate and thank all our shareholders for their support," stated Defense Technologies International Corp. CEO Merrill Moses.
As part of the financial improvements for the Company, certain related parties have agreed to retire their outstanding claims against the Company in exchange for newly issued Preferred Shares.
"The Company's current goal is to raise capital in order to start the production and marketing of its 'Passive Security Scan Portal' for use at schools, universities, and commercial buildings: added Mr. Moses.
What does it profit a man to gain the whole world yet forfeit his own soul? Mark 8:36
