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$IVDN Feature: Record Sales Growth for Patented, "Evacuated Cell" Insulation Delivering Superior R-6 Rating & Other Advanced Specs to Meet New Government Building Codes: Innovative Designs, Inc. (Stock Symbol: IVDN)
01-13-2025 12:16 PM CET
Link:
http://markets.financialcontent.com/streetinsider/article/getnews-2025-1-13-record-sales-growth-for-patented-evacuated-cell-insulation-delivering-superior-r-6-rating-and-other-advanced-specs-to-meet-new-government-building-codes-innovative-designs-inc-stock-symbol-ivdn/
$TORVF Predicting the Future of EV Batteries - Volt Carbon Technologies
https://youtube.com/watch?v=bssQwaXIDVc
$XONI News: Xtreme Fighting Championships Relaunches Young Guns Series at Kill Cliff Fight Club Live on January 29th, 2025
DETROIT, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Xtreme Fighting Championships (XFC) presented by Xtreme One Entertainment, Inc. (OTC: XONI) today announced the return of their Young Guns series, showcasing MMA’s most ambitious new prospective talent. Originally launched in 2020, XFC Young Guns will return Wednesday, January 29th at the renowned Kill Cliff Fight Club in Deerfield Beach, Florida, commencing a multi-event deal.
The XFC’s Young Guns series serves as a proving ground for emerging male and female mixed martial arts athletes that aspire to rise through the ranks and fight in the “big leagues” of MMA, the UFC. Kicking off in January 2025, XFC will present six Young Guns events in the U.S. throughout the year and is in discussions to bring Young Guns to Latin America.
“Knowing the proven history of our Young Guns series and the amount of MMA superstars waiting to be discovered, we identified early on that relaunching Young Guns was our top priority,” said Chris Defendis, President of Xtreme One Entertainment. “We secured Kill Cliff Fight Club in South Florida to serve as our venue partner, and we already have a great group of athletes ready to fight for their future as the next great rising star in MMA. Following the successful execution of our three arena events in 2024, XFC is ringing in 2025 with a brand-new Young Guns live and a series of events that will be must-watch TV.”
"We have been impressed with XFC as a promotion for many years now,” said Jamie Gall, General Manager, Kill Cliff FC. “After having the opportunity to work with them in 2024, experiencing their professionalism, passion, and ingenuity, we’re eager to host Young Guns at our facility. At Kill Cliff FC, we offer the professional environment our athletes deserve and create opportunities for our athletes outside the norm of this sport. XFC's vision for Young Guns aligns with ours, as well as the needs of our athletes and MMA athletes globally in search of a promotion to propel them to the next level.”
The relaunch of Young Guns is a key component of the XFC’s strategy to discover the next generation of MMA talent, serving as the development league for future world contenders and champions.
“We have the team and platform to spotlight the best up-and-coming talent, and we’re committed as an organization to also be a partner and catalyst in the careers of MMA fighters building their profiles and chasing their dreams,” Defendis added.
After a successful run of momentum-building events in 2024, such as XFC Grand Prix II and XFC 51:Evolution, the XFC plans to raise the bar in 2025 by providing more action-packed content and expanding the XFC community. To learn more about XFC Young Guns, buy exclusive XFC licensed merchandise or for information on other upcoming XFC events, fans can visit XFCFight.com.
About Xtreme One Entertainment, Inc.
Founded in 1995 as a consumer and diversified holding company Xtreme One Entertainment, Inc. (OTC: XONI) is now focused on media, entertainment, live sports, and event marketing focused on extreme sports events. XtremeOne, through its wholly owned subsidiary, XFC Global, Inc. is the holder of an exclusive and perpetual license to the brands and intellectual property of Xtreme Fighting Championships (XFC).
For more information, please contact:
Media:
Jen Wenk
JWenk@xtremeone.com
Investors:
Zachary Mizener
zmizener@lambert.com
$BLIS News on Pending $370 Million Contract: NAPC Defense (OTCPK: BLIS) issues new Progress Report regarding Large Contract with Saudi Arabia, Live-Fire Demos for U.S. based Police and SWAT, Manufacturing update, and more
LARGO, Fla., Dec. 12, 2024 (GLOBE NEWSWIRE) -- NAPC Defense, Inc., (OTCPK: BLIS) (“NAPC” or “the Company”) announces that the Company is making strong progress on its CornerShot USA weapons systems and other initiatives.
NAPC’s Management believes the Company is well positioned to drive significant revenue and profits in 2025, from its own manufacturing and sale of CornerShot in the United States and Saudi Arabia. NAPC maintains it will also drive revenue through the brokering of arms and munitions, as well as contract work for renovation and clean up, following recent hurricanes in the area.
As previously announced, NAPC received a signed and stamped Letter of Intent from Saudi Arabia for an initial order of 37,000 CornerShot units, valued at (U.S.) $370 million. Management has already conducted critical late-stage meetings and live-fire demonstrations in Saudi Arabia with several military divisions through visits to the country in August and October of 2024.
NAPC Defense has now received a request to complete live fire demonstrations in Saudi Arabia from Saudi Land Forces. The visit is planned to take place between December 29, 2024 and January 12, 2025. The Company previously reported that this upcoming visit would take place last month.
Please see below for a list of current and anticipated NAPC developments, as we enter the New Year:
Following the next phase of the upcoming CornerShot demonstrations in Saudi Arabia, NAPC expects that it will enter final contract negotiations, deposit funding, and initial CornerShot manufacturing. in Q1 of 2025.
NAPC has secured manufacturing facilities for the production of CornerShot USA weapons systems in Pinellas Park, FL. The space is large enough to meet anticipated demand for the near future.
Live-fire demonstrations were recently conducted for St. Petersburg Police and SWAT teams in Pinellas County. New orders from these departments, as well as others, are expected in January 2025.
NAPC Defense has secured booth space #10953 at the upcoming SHOT Show in Las Vegas from January 21-24, 2025. The SHOT Show is the largest and most comprehensive trade show for all professionals involved with the shooting sports, hunting and law enforcement industries.
In addition to over $1.5 million in new hurricane renovation and cleanup work in Pinellas Country, the Company has partnered with another firm in an effort to win an additional $3 million in contracts.
CEO Kenny West stated, “This is truly an exciting time for NAPC Defense. We have laid the groundwork in 2024, and now it’s time to deliver in 2025. We appreciate the ongoing support from our shareholders and investors.”
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
https://www.globenewswire.com/newsroom/ti?nf=OTMxODA3MiM2NjM0MDk5IzIyNjE1MDY=
https://ml.globenewswire.com/media/ZTE0MTNkZDEtNzcyMi00YmU0LTk2YTEtMThmMDA4NDI4NGEwLTEyNzMwNTY=/tiny/NAPC-Defense-Inc-.png
Source: NAPC Defense, Inc.
$ILLR David Feldman talks BKFC's Growth
https://youtube.com/watch?v=Sx-yii9CMmE
$IQST - iQSTEL Releases Q3 FY-2024 Shareholder Letter Highlighting Record Growth, Strategic Expansion, and Nasdaq Uplisting Progress
NEW YORK, Nov. 14, 2024 /PRNewswire/ -- iQSTEL Inc. (OTCQX: IQST), a leading innovator in telecommunications and technology, proudly announces the release of its Q3 FY-2024 Shareholder Letter, coinciding with the SEC filing of its 10-Q for the Q3. This letter showcases an extraordinary quarter marked by strategic growth, robust financial performance, and significant advancements toward iQSTEL's long-term vision, including preparations for a Nasdaq uplisting.
The Shareholder Letter covers key highlights for the nine-month period ended September 30, 2024, showcasing iQSTEL's rapid revenue growth, profitability in its core Telecom Division, and ongoing advancements in high-margin, cutting-edge products including AI and cybersecurity solutions.
"We're exceptionally proud of our achievements this quarter, and we believe our performance confirms the strength of iQSTEL's strategy and position in the market," said Leandro Jose Iglesias, CEO of iQSTEL. "With record-breaking growth, innovative new offerings, and solid progress toward our Nasdaq uplisting, iQSTEL is positioned for unprecedented success as we look ahead to 2025 and beyond."
In alignment with its commitment to becoming a $1 billion revenue company by 2027, iQSTEL has developed a comprehensive business plan supported by its newly established corporate financial planning department. This department will work closely with our subsidiaries on a monthly basis to drive bottom-line improvements, setting the stage for significant profitability gains beginning in FY-2025.
Additionally, iQSTEL's Independent Board of Directors and dedicated investor base continue to demonstrate strong support for the company's vision and growth strategy, underscoring our shared commitment to building a premier, high-growth technology powerhouse.
The Q3 Shareholder Letter highlights the following key developments:
Record Revenue Growth: Revenue for the first nine months reached $184 million, an impressive 89% year-over-year increase.
Ambitious FY-2024 Revenue Target: iQSTEL aims for a record $290 million in revenue for FY-2024, with strong expectations for Q4, driven by its subsidiary QXTEL.
Profitability in Telecom Division: The Telecom Division achieved solid profitability, generating $548,274 in profit for Q3 alone.
Strategic Cost Savings: A consolidation strategy within the Telecom Division is expected to save up to $2 million annually.
Nasdaq Uplisting Progress: iQSTEL's stockholders' equity has met Nasdaq's minimum requirements, with final investment bank selection underway to guide the uplisting process.
Global Reach: iQSTEL now operates with 100 employees across 20 countries, with six offices providing 24/7 support across 17 time zones.
Launch of High-Tech, High-Margin Products: The company has introduced AI-driven AIRWEB.ai and preparing to launch a cybersecurity solution in Q1 FY-2025.
The Shareholder Letter concludes with an optimistic outlook for iQSTEL's trajectory as the company continues to pursue its $1 billion revenue goal by 2027.
The full Shareholder Letter can be found below:
Dear Shareholders,
We are thrilled to present our Q3 FY-2024 results, which highlight an extraordinary period of growth and strategic advancement for iQSTEL. This quarter has firmly positioned us on a path to unprecedented success, and we're eager to share the positive progress we're making.
1. Revenue and Profitability
Outstanding Nine-Month Revenue Growth
For the nine months ending September 30, 2024, iQSTEL's revenue skyrocketed to $184 million—nearly double last year's $97 million, reflecting a remarkable 89% increase. This powerful growth underscores strong market demand and our strategic expansion, especially in our Telecom Division, which remains our primary driver of profitability and success.
Ambitious Full-Year Revenue Target
Our goal for FY-2024 is $290 million in revenue. With a gap of $106 million remaining to reach this target, we are mobilizing every resource to close it. Historically, Q4 has been our strongest quarter, and with QXTEL leading our international business, we are confident we will achieve our projections and finish the year on a high note.
Robust Gross Profit Base
Our gross profit reflects our ability to grow efficiently and sustainably:
Nine Months: Gross profit surged to $5.6 million, up from $3 million in 2023.
Quarterly: Q3 gross profit doubled to $2 million, establishing a consistent quarterly profit foundation.
Our stable business platform now enables us to generate $2 million in gross profit per quarter, paving the way for further bottom-line improvements through consolidation and the migration to a unified telecom platform.
Notably, in FY-2024, our gross margin has shown consistent improvement, increasing from 2.68% in Q1 to 3.72% in Q3, a remarkable 39% increase within the year. This progress underscores our focus on efficiency and profitability as we scale.
Consolidated Operating Income
Nine Months: Our operating loss was $535,952, mainly due to QXTEL integration expenses.
Quarterly: In Q3, our operating loss narrowed to $56,553, bringing us closer to the profitability threshold. Our Telecom Division continues to be a robust profit engine, effectively covering the company's core expenses.
Telecom Division Profitability and Consolidation Strategy
Our Telecom Division generated $548,274 in profit for Q3, confirming its role as a steady revenue source. We've launched a consolidation strategy within this division, with potential important savings. Recent actions in Q4 with SwissLink and QGlobal SMS are completely aligned with this strategy, and we are planning to begin to show its effects as early as Q4 of this year.
2. Interest Expense
Interest expenses rose to $1.5 million for the nine months, primarily due to strategic debt used for growth. We remain committed to maintaining long-term shareholder value by absorbing these interest costs instead of opting for equity dilution. Our outstanding share count remains below 187 million shares, which represents an increase less than 9% versus Dec 31, 2023. Notably, our investors have recently demonstrated their support by extending the maturity of our convertible notes by 12 months, with all notes now set to mature in Q1 FY-2026.
3. Assets and Liabilities
Asset Growth: Total assets rose to $32.4 million, up from $22.2 million in 2023, bolstered by QXTEL goodwill and increased accounts receivable.
Liabilities: Current liabilities grew to $24.1 million, a level we are strategically managing to support continued growth.
4. Cash Flow and Liquidity
Our financing activities generated $6.2 million in cash over the nine months, supporting our acquisition and expansion strategies. We ended the quarter with a steady $2.1 million in cash, demonstrating effective liquidity management as we scale.
5. Stockholders' Equity and Nasdaq Uplisting Readiness
iQSTEL's stockholders' equity rose to $8.1 million, surpassing the minimum requirement of $5 million for a Nasdaq uplisting. We are in the final stages of selecting an investment bank to support us in this pivotal move. Our goal is to position iQSTEL as a $1 billion revenue company by 2027, and uplisting to Nasdaq is a crucial step toward achieving this vision.
6. Global Presence, Operational Reach, and branding
Our global reach now spans 100 employees across 20 countries and 17 time zones with six offices worldwide, providing 24/7 service from California to Melbourne. This global presence enables us to effectively serve clients around the world, reinforcing our position as a leading global player. As part of our Telecom Division's consolidation, we are optimizing our global network and operations to maximize efficiency.
The company has been collaborating with ONAR, a marketing agency, to develop a comprehensive branding strategy for iQSTEL. Management recognizes that achieving our vision of becoming a $1 billion revenue corporation requires establishing strong brand recognition as a cornerstone of our growth.
7. Innovation in High-Tech, High-Margin Products
High Margin Strategy: iQSTEL has built connections with some of the world's largest telecommunications companies, generating millions in annual revenue. With these robust relationships, we're poised to expand our offerings, focusing on high-tech, high-margin products.
Cybersecurity: We're collaborating with Cycurion.com to launch a telecom-targeted cybersecurity service in Q1 FY-2025.
AI Solutions: Our recent launch of AIRWEB.ai has exceeded expectations, attracting strong interest with its free plan and positioning us as a leader in AI-enhanced telecom services.
Summary
iQSTEL's financial and operational results for Q3 and the first nine months of 2024 reflect transformative growth and strategic expansion. With a profitable Telecom Division, a successful QXTEL acquisition, and a solid equity foundation, we are well-prepared for our Nasdaq uplisting, a long-awaited goal of our 22,000 shareholders.
Our newly established corporate financial planning department is set to work closely with our subsidiaries on a monthly basis, implementing a robust plan to drive bottom-line results starting in FY-2025. With a steadfast commitment from our Independent Board of Directors and strong investor support, iQSTEL is on an accelerated path to becoming a $1 billion revenue powerhouse by 2027.
The future is bright, and we are deeply grateful for your continued support and belief in our journey. Together, let's make this vision a reality.
Thank you for your continued support.
Sincerely,
Leandro Jose Iglesias
President & CEO, iQSTEL
About iQSTEL (Updated Oct. 2024):
iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) is a US-based multinational publicly listed company in the final stages of the path to becoming listed on NASDAQ. With FY2023 revenues of $144 million and a forecasted $290 million in revenue, alongside positive operating income of seven digits for FY-2024, iQSTEL is positioning itself for explosive growth. iQSTEL's mission is to serve basic human needs in today's modern world by making essential tools accessible, regardless of race, ethnicity, religion, socioeconomic status, or identity. The company recognizes that modern human needs such as physiological, safety, relationship, esteem, and self-actualization are marginalized without access to ubiquitous communications, financial freedom, clean, affordable mobility, and information.
iQSTEL has been building a strong business platform with its customers, and by leveraging this trust, the company is now beginning to sell high-tech, high-margin products across its divisions. iQSTEL is strategically positioned to achieve $1 billion in revenue by 2027 through organic growth, acquisitions, and high-margin product expansion.
Telecommunications Services Division (Communications):
Includes VoIP, SMS, International Fiber-Optic, Proprietary Internet of Things (IoT), and a Proprietary Mobile Portability Blockchain Platform.
Fintech Division (Financial Freedom):
Provides remittance services, top-up services, a MasterCard Debit Card, US bank accounts (no SSN required), and a Mobile App.
Electric Vehicles (EV) Division (Mobility):
Offers Electric Motorcycles and plans to launch a Mid-Speed Car.
Artificial Intelligence (AI) Services Division (Information and Content):
Provides AI solutions for unified customer engagement across web and phone channels, along with a white-label platform offering seamless access to services, entertainment, and support in a virtual 3D interface.
Cybersecurity Services:
Through a new partnership with Cycurion, iQSTEL will offer advanced cybersecurity solutions, including 24/7 monitoring, threat detection, incident response, vulnerability assessments, and compliance management, providing essential protection to telecommunications clients and beyond.
iQSTEL has completed 11 acquisitions since June 2018 and continues to develop an active pipeline of potential future acquisitions, further expanding its suite of products and services both organically and through mergers and acquisitions.
Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release, and iQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release. This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Company Website
http://www.iqstel.com
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SOURCE iQSTEL
$PWM: Prestige Wealth Inc. Announces Acquisition of Tokyo Bay
HONG KONG, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Prestige Wealth Inc. (NASDAQ: PWM) (“PWM”, or the “Company”), a wealth management and asset management services provider based in Hong Kong, today announced that, on November 12, 2024, it entered into a definitive acquisition agreement pursuant to which PWM will purchase all shares of Tokyo Bay Management Inc. (“Tokyo Bay”), a company incorporated under the laws of the British Virgin Islands. The total purchase price is US$1,500,000, subject to customary closing purchase price adjustments, in the form of 2,500,000 newly issued Class B ordinary shares of the Company at a price per Class B ordinary share of US$0.60 to the seller and key employees of Tokyo Bay. The Company will also grant warrants to purchase 1,875,000 Class A ordinary shares of the Company at an exercise price per share equal to US$0.72 to the seller parties. The warrants will become exercisable on the six-month anniversary of the issuance date and will expire on the fifth anniversary from the date on which they become exercisable. In addition, key employees will be retained and continue to be employed by Tokyo Bay after closing of the transaction. The acquisition agreement also includes a third-year period non-competition and non-solicitation covenants from the seller parties. Upon consummation of the acquisition of Tokyo Bay, that certain business development & marketing agreement by and between PWM and Tokyo Bay dated as of June 24, 2024 will be terminated. The acquisition of Tokyo Bay is expected to close in the fourth quarter of 2024 and will enhance PWM’s strategy and development in Asia wealth management industry.
About Prestige Wealth Inc.
Prestige Wealth Inc. is a wealth management and asset management services provider based in Hong Kong, assisting its clients in identifying and purchasing well-matched wealth management products and global asset management products. With a focus on quality service, the Company has retained a loyal customer base consisting of high-net-worth and ultra-high-net-worth clients in Asia. Through the Company’s wealth management service, it introduces clients to customized wealth management products and provides them with tailored value-added services. The Company provides asset management services via investment funds that it manages and also provides discretionary account management services and asset management-related advisory services to clients. For more information, please visit the Company’s website: http://ir.prestigewm.hk.
About Tokyo Bay
Tokyo Bay is a company based in Tokyo, Japan. Founded by experienced professionals, the Tokyo Bay team has accumulated extensive premium client resources and local market knowledge over the past years, providing wealth management services, family affairs services, lifestyle management services and related value-added services to high-net-worth clients in Japan.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions in this press release. They include statements about the Company’s plans for the business of InnoSphere Tech and Tokyo Bay; anticipated financial and other results from the acquisition of InnoSphere Tech and Tokyo Bay and its integration into PWM; expectations regarding revenue and cost synergies resulting from the acquisition; discussion of other strategic initiatives and related actions; and beliefs, expectations, intentions and strategies, among other things. Forward-looking statements are based on management's current beliefs, expectations and assumptions, and involve a number of known and unknown risks and uncertainties, many of which are out of PWM’s control.
The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s filings with U.S. Securities and Exchange Commission.
https://www.globenewswire.com/newsroom/ti?nf=OTI3MjExNiM2NTc4Mjk4IzIyNTQzNjg=
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For more information, please contact:
Prestige Wealth Inc.
Investor Relations Department
Email: ir@prestigefh.com
Source: Prestige Wealth Inc.
$ILLR #Triller Group's transformation has begun with ambitious plans set by Bob diamond. Triller + AGBA Forging A New Path Ahead.
$ILLR Triller Opens a New Frontier in the Digital Technology Space 🚀 Triller and @agbagroup are joining forces to create a $4 billion powerhouse in digital content and financial services. This groundbreaking merger combines Triller’s AI-driven content platform with AGBA’s financial expertise, aiming to redefine the convergence of technology, finance, and media.
$BLIS News: NAPC Defense (OTCPK: BLIS) Awarded in Excess of $1 Million in Clean-up Contracts following Hurricanes Helene and Milton
The Company is Working on Additional Potential Restoration and Clean-up Contracts
LARGO, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) -- NAPC Defense, Inc., (OTCPK: BLIS) (“NAPC” or “the Company”) announced today that the Company has received in excess of $1 million in new orders for support in the clean-up efforts from hurricanes Helene and Milton.
The work included in today’s contract is scheduled to be completed the next 60-90 days and is important part of restoring the communities in which the Company operates.
The Company has another $2 million in pending awards for additional construction and clean-up in the Tampa Bay area.
NAPC anticipates that this type of work will continue for at least 3 more years.
Kenny West, CEO of NAPC, stated, “The clean-up and rebuild of the Tampa Bay area, following these devastating storms, has left many people in need of our services and we are doing all we can to support our neighbors with quality services, as we have for 9 years. I thank our dedicated team members for rallying to help us in our mission to restore our community.”
About NAPC Defense, Inc.
NAPC Defense, Inc. (http://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
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a1879197-c710-4e04-bf9d-eb5c83d5e5d5https://www.globenewswire.com/NewsRoom/AttachmentNg/6a2d8fbd-10e0-46a3-810b-1f6aa1bdff2ehttps://www.globenewswire.com/NewsRoom/AttachmentNg/07a766d4-5c91-4dbc-b69b-fc26e63225d7https://www.globenewswire.com/NewsRoom/AttachmentNg/3277c3ec-88ed-42f2-929b-084d919fe354
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Source: NAPC Defense, Inc.