Treasure & Shipwreck Recovery (OTCPK

BLIS) announces Definitive Agreement for Merger and Acquisition with Defense and Construction Contracting Firm Native American Pride Constructors, LLC. (NAPC) - Seite 2

The projections for Corner Shot USA are impressive strong interest from domestic agencies generated from its presence at the 2024 Shot Shell Show, held this past January in Las Vegas. NAPC plans to have space at four more shows in 2024 primarily focused on domestic police department and SWAT teams.

Additionally, NAPC also received a signed and stamped LOI from a leading Saudi Arabian provider of supply and manufacturing to the Ministry of Defense (MOD) as well as the procurement division GAMI (General Authority Military Industries – Government Entity).

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.

Another NAPC area of expertise is brokering of munitions and military hardware already produced and in inventory at various locations worldwide, NAPC is brokering more than eleven (11) different munitions and military hardware items that are of interest to Allied and NATO forces in the Ukraine and the Middle East, which also require U.S. State Department approval. Any successful transaction would add significantly to NAPC revenues and profits. The inventory of these items, if sold at currently offered fair value, totals over (U.S.) $1.7 billion.

Additional Merger Terms

• BLIS will file for a name change, symbol change and request to conduct a reverse split at a rate of 1 new share for every 6 shares held in BLIS (1 for 6). It is estimated that BLIS shareholders will hold 15 million shares post-split and NAPC officers and directors will be issued about 35 million shares. Following the split, NAPC will have about 50 million common shares issued and outstanding, little to no debt, some above market warrants, and a preferred voting share issuance that is non-convertible.