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Friday, April 01, 2022 11:58:47 AM
Del Mar, California--(Newsfile Corp. - March 31, 2022) - Defense Technologies International Corp. (OTC Pink: DTII) (the Company) and Passive Security Scan Inc. (the Subsidiary); innovative providers of security technology and systems with broad and diverse applications, announces a corporate restructuring of its common stock.
The Company, on March 31st, with the support of a majority of its shareholders, filed with FINRA for approval of a Reverse Split of its issued and outstanding common stock at a rate of 500:1 with an approximate effective date the first week of May upon final FINRA approval. For additional information, please see the Company's Form 8K filing: https://www.sec.gov/ix?doc=/Archives/edgar/data/1533357/000109690622000692/dtii-20220321.htm
Defense Technologies International Corporation, with its wholly owned subsidiary Passive Security Scan, Inc., assembles and markets the Passive Portal that, to our best knowledge, is the only NON-RADIATION walk-through weapons detection scanner for use at schools, universities, stadiums, hospitals, airports and other public venues.
The Company successfully installed three Passive Portals and EBT Cameras and our Marketing Director and our Eastern Seaboard Distributor are presently in contact with the parties to promote the sales and distribution of our products
The President of the Company stated, "We had no other alternative than to restructure the Company's outstanding stock to create investment opportunities for the many parties that announced interest in supporting the company based on the successful installation of our Passive Porta and EBT Camera on three difference venues with very positive feed-back from all parties. I am also pleased to announce that we are discussing further installations in other facilities with several interested parties".
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