Beliss Corporation (BLIS)

[ProfitScout]

Previous BLIS news from March 27th mentioned an order already in the works for a value of $370 Million ...

NAPC’s Corner Shot USA receives signed and stamped LOI for initial 37,000-unit order, equivalent to $370 million in revenue, from a leading Saudi Arabian supply chain and manufacturing provider

The LOI discusses the initial intent to purchase 37,000 units; a 4,000-unit tranche followed by subsequent deliveries of 3,000 units per month until that quantity is fulfilled. The cost of this order would produce $370,000,000 in sales with a net profit margin of at least 20% to NAPC. The LOI provides intent to purchase an additional 63,000 units after delivery of the first 37,000 units, over a period of the next ten years. Representatives from Saudi Arabia have spent time at NAPC headquarters and production facilities over the last two months. Senior Management from NAPC is scheduled to visit various defense agencies in Saudi Arabia in May to provide demonstrations of its Corner Shot USA weapon systems.

NAPC believes it will finalize firm purchase orders and collect a 50% deposit on the first order by the end of June and go into production in July of 2024. In addition, NAPC management is in discussion with the Kingdom of Saudi Arabia to provide additional services such as Military, Fuzing, and Artillery systems in country, pending expected U.S. State Department approval.