Tuesday, January 10, 2023 9:03:23 AM
As requested by others on this board, I have made this sticky,
DTII has had the Passive Portal product since 2016, though have made many improvements including Windows and Android tablet software, wireless, and USB camera operation (news releases and filings verify), some of which I have seen in person. Prior to 2016, a private LLC, Defense Technology Corporation (DTC,) had it, where John Simpson, appeared to be the only person in that company, was arrested and convicted for DTC investor securities fraud of upwards of $600K in 2017. This is public knowledge and Google search will verify.
If you read the 8K’s and 10Q/K’s for late 2016, you can read the history where DTII got license directly from the inventor, as DTC couldn’t provide audited financials (no wonder, pocketed money). See: https://www.sec.gov/Archives/edgar/data/1533357/000109690616001962/defense.htm
News releases take you further through the history, and the five systems sold were in late 2019. See: http://www.defensetechnologiesintl.com/pdf/2019_08_15_NR_82%20Distr_Young_%20order_of_5_portals.pdf
DTII has engaged many “sales reps” who have proven to be ineffective, and several “marketing” businesses, who have also been ineffective. The latest being Privateer and Care, who have since been let go. See: https://www.sec.gov/ix?doc=/Archives/edgar/data/1533357/000109690622003015/dtii-20221031.htm Note: 10. It appears that Privateer is a company formed by Web Barth, who is also associated with Virexit (VXIT), who signed on with DTII in 2021, see:
http://www.defensetechnologiesintl.com/pdf/2021_07_16_NR_105_Reseller-Network_VirExit.pdf
VirExit was let go by DTII and they appear to be a pump and dump company with nothing to offer as seen on their iHub message board, see: https://investorshub.advfn.com/VirExit-Technologies-Inc-VXIT-32457. YMMV
Like any other company worldwide, COVID-19 affected how DTII products could be sold and demonstrated. During the pandemic, DTII created an elevated body temperature product, which looks to be an access control system as well. See: http://www.defensetechnologiesintl.com/pdf/2020_04_06_NR_93_DTII_adds_IR_Camera_to_Portal.pdf
and:
http://www.defensetechnologiesintl.com/pdf/2021_02_11_NR_101_Contact_Tracing_on_EBT_Station_Update.pdf
In December 2020, DTII engaged Jon Silver of Cumulus Media where he apparently became Director of National Marketing for DTII in 2021, see: http://www.defensetechnologiesintl.com/pdf/2021_12_14_NR_113_Passive_Portal_at_Florence_County_SC.pdf. Silver was instrumental for the installs at Myrtle Beach and Florence County detention centers, and at Coastal Carolina University. See:
http://www.defensetechnologiesintl.com/pdf/2021_11_24_NR_111_Appointment_of_J_Silver_National_Marketing_Director.pdf
and:
http://www.defensetechnologiesintl.com/pdf/2022_01_18_NR_115_2022_Passive_Portal_at_Florence_County_SC_Detention_Center.pdf
and:
http://www.defensetechnologiesintl.com/pdf/2022_01_25_NR_116_2022_Passive_Portal_at_Myrtle_Beach_Police_Department.pdf
Prospects in my opinion, look good for DTII in 2023. Time will tell, but they are current in the SEC reporting and not listed as a shell company.
Recent DTII News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/28/2023 08:26:16 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/20/2023 10:23:35 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 12/15/2023 07:42:45 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/25/2023 08:12:07 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 09/15/2023 05:22:20 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 08/25/2023 09:10:05 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 08/15/2023 09:15:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/11/2023 09:21:47 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 07/31/2023 06:45:49 PM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
Avant Technologies to Implement AI-Empowered, Zero Trust Architecture in Its Data Centers • AVAI • Apr 29, 2024 8:00 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM