Beliss Stock Price, News & Analysis

NAPC Defense, Inc. (OTCPK: BLIS), formerly known as Treasure & Shipwreck Recovery, Inc., is an armament sales and production company operating in the aerospace and defense ecosystem. According to company disclosures and SEC filings, NAPC Defense is fully licensed in the United States and focuses on weapons systems, munitions brokering, and related security products for military, law enforcement, and other government-authorized agencies.

The company’s stock trades on the over-the-counter market under the symbol BLIS. In an 8-K filing, NAPC Defense reported that it is incorporated in Nevada, and its principal executive offices are located in Clearwater, Florida. The company has also reported a name change to NAPC Defense, Inc. and notes that it owns Native American Price Constructors, LLC, a defense and construction contracting firm.

Core business activities

NAPC Defense describes itself in multiple news releases as a U.S.-licensed armament sales and production company with exclusive rights to manufacture and distribute the CornerShot USA weapons system in specific territories. The company states that it has exclusive rights to produce and sell CornerShot USA weapons systems in the United States and Saudi Arabia, and that it brokers arms and munitions worldwide under U.S. State Department approval.

CornerShot is repeatedly highlighted as a central tactical platform in NAPC Defense’s business. The company explains that CornerShot allows operators to observe and engage threats from behind cover, including around corners, into upper floors from lower positions, and down into basements from ground level, while remaining protected from direct line of fire. NAPC Defense emphasizes that CornerShot can deploy lethal munitions as well as a range of less-than-lethal options, such as its exclusive pepper ball and stinger-type rounds, which the company positions as particularly relevant for school and law enforcement environments.

Defense and security product portfolio

In its public communications, NAPC Defense outlines a broader security products portfolio beyond CornerShot. The company reports that its offerings include small arms weapons, ammunition, visual augmentation equipment, jamming equipment, NIJ-certified body armor, drones, the CornerShot system, a product referred to as Zero Click, and other related items. NAPC Defense also notes that additional smaller weapons platforms, a series of ballistics protection technologies, and related products are in development or being finalized for sale.

Through a master distributor agreement, NAPC Defense has announced that it will market the full product line and training services of Lamperd Less Lethal, Inc. to law enforcement, military, and other government-authorized agencies in the United States and in other countries where NAPC Defense has established customer relationships. The company states that this agreement allows it to add less-lethal solutions to its catalog, an area it describes as previously absent from its product offerings.

Government contracting and construction-related activities

In addition to weapons and munitions, NAPC Defense reports that it maintains a government contracting business. The company has disclosed contract work for renovation and clean-up following hurricanes in the Tampa Bay area and notes that it has been providing such services for several years. It has announced awards in excess of $1 million for clean-up efforts after specific hurricanes and has referenced additional pending awards for construction and clean-up in its operating region. Management communications indicate that NAPC Defense anticipates this type of work to continue over a multi-year period.

International and domestic defense focus

NAPC Defense has described extensive engagement with international defense customers, particularly in Saudi Arabia. The company reports receiving a signed and stamped Letter of Intent from a Saudi Arabian party for an initial order of 37,000 CornerShot units, and it has detailed multiple trips to Saudi Arabia for live-fire demonstrations and meetings with military groups and the Ministry of Defense. The company also notes that it is a joint venture partner in Saudi Arabia through NAPC-KSA, which it states is co-owned with Kingswood Holding LLC and AL-SAQR AL–HARR Limited Company.

Beyond Saudi Arabia, NAPC Defense has reported interest in its CornerShot tactical system and other defensive platforms from Jordan, Kuwait, and Pakistan. The company also references activity with defense contracting partners in Germany and other European countries for the strategic supply of defense items for allied countries. In its public statements, NAPC Defense notes that it is brokering multiple munitions and military hardware items that are of interest to Allied and NATO forces in Ukraine and the Middle East, with all such transactions requiring U.S. State Department approval.

Domestically, NAPC Defense has described demonstrations of CornerShot and related products for police forces, SWAT teams, ICE agents, school resource officers, and other law enforcement and first responder agencies in Florida and New Jersey. The company reports that feedback from these demonstrations has been positive and that various agencies have earmarked funds for its products in future budgets.

Licensing, regulatory framework, and quality approach

NAPC Defense states that it is registered with the Directorate of Defense Trade Controls and that it is licensed and approved to broker munitions and military hardware already produced and in inventory at various locations worldwide. The company emphasizes that all of its arms and munitions brokering activities are conducted under full U.S. State Department approval.

In describing its internal capabilities, NAPC Defense notes that it was founded by a service-disabled veteran and that its team members have experience across ammunition, weapons, platforms, and airframe lifecycle management from mission need through demilitarization. The company reports that it utilizes a Quality Management philosophy derived from ISO 9001:2008, tailored to ensure that customer quality initiatives are incorporated into day-to-day business processes. It also states that its team is knowledgeable about current initiatives related to U.S. military specification ammunition and weapons, including safety characteristic control planning and material readiness assessment and planning.

Trade shows, demonstrations, and outreach

NAPC Defense highlights participation in multiple law enforcement and defense industry events as part of its outreach. The company has announced attendance and exhibition at the SWAT Round-Up International Convention in Orlando, Florida, where it planned to showcase CornerShot, a Scorpion apparatus, and Extremis lightweight body armor, and to conduct live-fire and tactical skills demonstrations. It has also reported securing booth space at the SHOT Show in Las Vegas, which it describes as a major trade show for shooting sports, hunting, and law enforcement industries.

Additionally, NAPC Defense has referenced participation in events such as the Florida Police Chiefs Association Annual Summer Training Conference & Exposition and the New Jersey Police Security Expo, where it intended to display the Corner Shot Weapons System and other product lines. The company also notes that it has demonstrated CornerShot at police and tactical unit conferences in Florida and New Jersey and at its own facilities using an indoor smokeless demonstration range and live ranges.

Corporate actions and capital structure

In an 8-K filing, NAPC Defense reported that its Board of Directors approved an increase in the company’s total authorized shares of capital stock from 500,000,000 to 2,000,000,000. The company explains that this increase was adopted in anticipation of future business transactions, acquisitions, joint ventures, equity financings, and other opportunities aligned with its expansion plans.

The same 8-K filing describes the designation of a new series of preferred shares titled “Voting Control Preferred,” consisting of 70 shares. According to the filing, each Voting Control Preferred share represents one percent of the corporation’s aggregate voting power, so the entire series accounts for 70 percent of total shareholder voting power. The company states that these shares are non-transferable, non-convertible, and carry no rights to dividends or liquidation proceeds. They vote exclusively as a block directed by the Board of Directors on matters requiring shareholder approval, such as amendments to the articles of incorporation, changes in authorized shares, mergers, significant asset sales, and other fundamental corporate actions. NAPC Defense characterizes this structure as intended to secure governance stability and continuity as it pursues strategic growth.

Reporting status and regulatory filings

NAPC Defense files reports with the U.S. Securities and Exchange Commission. In multiple Form 12b-25 (NT 10-Q) filings, the company disclosed that it was unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the period ended July 31, 2025 by the prescribed due date. The company cited delays in finalizing the presentation of financial statements and subsequent events, and indicated that it anticipated filing the Quarterly Report within the permitted extension period. In these filings, NAPC Defense also stated that it did not anticipate significant changes in results of operations compared to the corresponding period of the prior fiscal year.

Company identity and sector alignment

Based on its own descriptions, NAPC Defense, Inc. operates at the intersection of armament production, munitions brokering, and government contracting. Its activities align with the aerospace and defense industry and the broader industrials sector, with a focus on supplying weapons systems, less-lethal technologies, and related security products to military, law enforcement, and government customers in the United States and internationally.