Defense Technologies International Corp (DTII)

[Poco Parvenu]

DTC and DTII are two different companies. DTC guy went to jail and DTII signed with inventor in October 2016.

From: https://www.sec.gov/Archives/edgar/data/1533357/000109690616002092/defense.htm

Effective July 15, 2016, the Company executed documents intended to finalize the acquisition of 100% of Defense Technology Corporation, a privately held Colorado company ("DTC"), a developer of defense, detection and protection products to improve security for Anchor schools and other public facilities. DTC has informed us that it is unable to complete the required financial statements. Accordingly, the Company will not be able to consolidate DTC's financial statements into its audited financial statements. After a thorough review of the situation and discussions with DTC, we have mutually agreed to rescind the acquisition of DTC and entered into a Rescission Agreement and Mutual Release (the "Rescission Agreement"), dated October 17, 2016.

In connection with the Rescission Agreement with the Company, DTC rescinded its agreement with the inventor and developer of the technology and assets that were subject to the original agreement between the Company and DTC. On October 19, 2016, the Company entered into a new Definitive Agreement with Controlled Capture Systems, LLC ("CCS"), representing the inventor of the technology and assets previously acquired by DTC, that included a new exclusive Patent License Agreement and Independent Contractor agreement. Under the license agreement with CCS, the Company acquired the world-wide exclusive rights and privileges to the CCS security technology, patents, products and improvements. The Company agreed to pay CCS an initial licensing fee of $25,000 and to pay ongoing royalties as defined in the Definitive Agreement. See Note 3.

From: https://www.bizjournals.com/tampabay/news/2017/08/07/tarpon-springs-man-pleads-guilty-in-investment.html

Simpson told at least 20 investors across the country that his company, Defense Technology Corp. DTC LLC, had developed a security system to be manufactured and marketed to schools and universities nationwide. Simpson issued stock and promissory notes in DTC, but never established any revenue or customers, and most of the victims’ money was used to pay Simpson’s “salary” and personal living expenses, the press release said.