Defense Technologies International (OTCMKTS:DTII) gapped up this morning following a corporate update but has failed to hold on to most of its gains.
Market Action
Shares of DTII are up 9% as of 2:00 trading at .0165. Volume is 20.7 million shares on 591 trades. This is ten times its typical trading averages. Tradding opened at .0195 and has ranged between the low of .0151 and .025 high. Today has been the widest trading range since early March.
News Highlights
Marketing and Public Relations Campaign:
Just like schools and many businesses, DTII was also affected by the Pandemic. But with more and more Businesses and Schools re-opening – the Company looks to a brighter future.
Through the services of Jonathan Silver of Cumulus Media, DTII is introducing the Passive Portal in the US and to the World. Cumulus Media reaches over 250 Million people across the USA every month. To date, the Company has reached over 600K people with its Digital Media campaign, including a very effective Social Media campaign.
Privateer Market Force is presently concentrating on the West Coast Schools Systems and more specifically the California and LA School Districts.
Cornerstone Communications launched a marketing campaign in the State of Maryland.
The Company’s Eastern Seaboard Representative and Distributor ‘King Distributor’ continues to demonstrate DTII’s PP and EBT when possible and is ready for installations even under restrictive conditions.
Funding:
The company has received new funding through convertible notes at a more favorable rate for the company against convertible preferred shares at 25% discount.
About DTII and its subsidiary ‘Passive Security Scan, Inc’ (PSSI).
PSSI is a private Utah Corporation and Subsidiary of Defense Technologies International Corp. (DTII).
Passive Security Scan Inc. was formed to bring our Passive Scanning Technology™ and our Passive Portal™ weapons and the EBT elevated temperature detection systems to the market, to improve public safety with a system specifically designed for public and private schools, sports arenas, and other public venues. The Passive Scanning Technology™ was developed in 2005 and has been continually improved upon with the newest technological advances. The Passive Portal™ gateway is our newest model in production and ready for the market.
DTII has been trading sideways since mid-March. Today’s volume and price spike may attract investors. Bulls are probably wishing DTII held on to it’s early gains as the stock is trading below its open. If DTI falls below .009 it may get ugly.
 Spikes After Update){kind=link}