Company: BLIS
Filing Date: 2025-03-26
Form Type: 10-Q
Source: 0001199835-25-000092
Chunk: 45

Company: NAPC Defense, Inc.
Filing Date: 2025-03-26
Form: 10-Q
Item: Part I, Item 8
Chunk 45
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January
31, 2025

NOTE
1 – ORGANIZATION AND NATURE OF BUSINESS

Overview

NAPC
Defense, Inc. (Formerly Treasure & Shipwreck Recovery, Inc. (“NAPC Defense, Inc.” or the “Company”), was
incorporated in the State of Nevada on January 24, 2016 as Beliss Corp. The Company was reincorporated as NAPC Defense on April 1, 2024.

Corporate
History

NAPC
Defense, Inc. (Formerly Treasure & Shipwreck Recovery, Inc.), was incorporated in the State of Nevada on January 24, 2016 as Beliss
Corp. On April 1, 2024, the Company changed its name to NAPC Defense, Inc. with the State of Nevada, for an additional direction in the
military arms and law enforcement field. The Company will produce and supply CornerShot units under license from Silver Shadow of Israel,
to both overseas military and governments as allowed by the US Government, and sales to US based law enforcement agencies. The Company
is looking to complete contracts for the CornerShot as well as its own line of small arms being developed for sales. The Company has
made the transition to being a new line of arms in pistols, etc. under its own proprietary technology. Additionally, the Company has
entered into partnership for distribution of balistics protection through Extremis and less than lethal products with Lamperd Less Than
Lethal from Canada.

As
well the Company intends and has direct lines of sourcing personal ballistics protection for personnel, such as helmets, bullet resistant
vests and shields for overseas sale and domestic sale to US entities. In addition, the Company will use contacts and sources for the
sale of small caliber arms in form of rifles and pistols including newly developing technologies and products for overseas and domestic
sales. Other areas of brokering existing contacts from overseas of larger scale ammunition and artillery from overseas sources is being
followed from known sources of supply for brokered sales to US approved allies and other countries. The brokering of armored vehicles
for domestic purchase and overseas sales is also being pursued. The Company has developed and will continue to develop its own line of
silencers and small arms in pistols, while it has entered into additional fields of ballistics and other less than lethal products, as
well as pursuit of numerous other categories of law enforcement and defense related technologies, but still maintain the treasure