beer$$money
4 days ago
$VXIT Passive Portal Final field test August 19/20th, 2024. Initial Testing, as confirmed during a conference call with the Test Center: - flawless scanning performance - proves the superior technology of our Passive Portal. https://www.newsfilecorp.com/release/219758
What is the SAFETY Act?
The Support Anti-terrorism by Fostering Effective Technologies Act of 2002 (SAFETY Act) was enacted as Title VIII, Subtitle G of the Homeland Security Act of 2002 and codified at 6 United States Code (U.S.C.) 441-444. The purpose of the Act is to ensure that the threat of liability does not deter potential manufacturers or Sellers of anti-terrorism technologies from developing and commercializing technologies that could save lives. The Act creates certain liability limitations for "claims arising out of, relating to, or resulting from an act of terrorism" where qualified anti-terrorism technologies have been deployed.
What can we expect: The SAFETY Act is intended to provide critical incentives for the development and deployment of anti-terrorism technologies by providing liability protections for Sellers of "qualified anti-terrorism technologies." Passive Portal Final field test August 19/20th, 2024.
Our aim is to ensure the possessors of such anti-terrorism technologies are not deterred by the threat of liability from developing and commercializing products and technologies that could save lives in the event of a terrorist attack.
Benefits To Your Company
https://www.safetyact.gov/about/benefits/
What is the Purpose of the Passive Portal Final field test on August 19/20th, 2024.
Approved Technologies
The Department of Homeland Security, Office of SAFETY Act Implementation attempts to complete these reviews in 21 days or less. [color=red][/color]When the review is completed, you will receive a letter inviting you to take part in a teleconference with the evaluation staff to discuss the merits of your Technology for SAFETY Act protections, and to discuss what will be necessary to provide an administratively complete application.
Certifications
For Certification, a technology must have demonstrated confidence of continued effectiveness: i.e., it will perform as intended, conform to the seller’s specifications, and is safe for use as intended. In addition to the benefits provided under Designation, Certification allows Sellers of antiterrorism technologies to assert the Government Contractor Defense that immunizes Sellers from liability for claims arising from acts of terrorism. Technologies that receive Certification will be also placed on an Approved Products List for Homeland Security. Designation is a prerequisite for Certification.
Designations
For Designation as a Qualified Anti-Terrorism Technology (QATT), a technology must demonstrate effectiveness during operational testing or through prior use. Designation provides limited liability for third-party claims arising out of the deployment of the QATT with respect to an "Act of Terrorism." The maximum liability is determined by DHS, and the Seller is required to maintain liability insurance at that level. Other protections include immunity from punitive damages. A full Designation normally lasts for 5 years and can be renewed. Any technology deployed during its period of Designation is protected for the lifetime of its deployment.
The SAFETY Act provides two levels of liability protections for approval: Designation and Certification. By obtaining either Designation or Certification, companies obtain a level of legal protection in case their technology is ever put to use during a terrorist attack. See below for a list of approved technology certifications.
https://www.safetyact.gov/at/
beer$$money
6 days ago
$VXIT I can answer your comment again, from those all-important filings that you claim are the only documents that can be trusted. As a reminder, we have already discussed these facts before!!
Quote:
"And you can't explain why insiders haven't bought shares with money out of their own pocket" -> Can you explain why they aren't selling shares?
Quarterly Report - Financials for Quarter ended 11/30/21
For the Three Months Ended November 30, 2021
Proceeds from sale of common stock $65,000 *Note not "old treasury-shares"
Several members of the senior management team have reinvested in VirExit by purchasing additional stock*.
Press Release | 11/04/2021
"Our team is solid and stands behind VirExit's long-term plans for the organization," said James C. Katzaroff, CEO. "Dave Croom, VirExit's Chief Operating Officer has invested $10,000. Bruce Jolliff, our Chief Financial Officer, invested $25,000; and I (JK) have invested an additional $30,000."
https://www.otcmarkets.com/otcapi/company/financial-report/317590/content
The only statement I can find relevant to "billions"in revenue" says absolutely nothing about revenue earned by VXIT in the recently filed 8K.
"The U.S. indoor air quality market experiences significant growth, fueled by heightened awareness and increased investments, projected to surpass $11.9 billion by 2027 according to BCC Research. https://www.otcmarkets.com/filing/html?id=17704362&guid=tfO-kFYK1gIxB3h
Report Highlights
The U.S. indoor air quality market is projected to grow from $9.8 billion in 2022 to $11.9 billion in 2027 at a compound annual growth rate (CAGR) of 4.1% during the forecast period. https://www.bccresearch.com/market-research/environment/us-indoor-air-quality-market.html
Quote:" Go read some filings where JK openly admits "no subsequent events worth mentioning"...
In addition, while there are many filings without "subsequent events" there are also many with "subsequent events" but you know that!
NOTE 10 – SUBSEQUENT EVENTS
Management has evaluated subsequent events through December 29, 2021, which is the date when these consolidated financial statements
were issued, and is aware of none requiring disclosure, except as noted below.
In December 2021, the Company issued 500,000 Series K preferred shares at a par value of $0.001 to L. Bruce Jolliff, CFO. The Series K
preferred shares are convertible to common shares at an initial conversion ratio of 500 common shares to 1 share of Series K preferred shares.
The conversion ratio is subject to adjustment. The Series K preferred shares are non-voting and have a liquidation preference of $01.
NOTE 11 – SUBSEQUENT EVENTS
Management has evaluated subsequent events through July 12, 2021, which is the date when these consolidated financial statements were
issued, and is aware of none requiring disclosure, except as noted below.
In June 2021 the Company issued 65,000,000 common stock shares at a par value of $0.001 to consultants.
In June 2021 the Company issued 7,000,000 common stock shares at a par value of $0.001, along with 9,000,000 two year, $0.03 warrants,
to consultants.
In June 2021 the Company issued 100,000,000 common stock shares at a par value of $0.001, along with 25,000,000 two year, $0.03
options, to James Katzaroff, CEO.
In June 2021 the Company issued 30,000,000 common stock shares at a par value of $0.001, along with 10,000,000 two year, $0.03 options,
to David Croom, COO.
In June 2021 the Company issued 10,000,000 common stock shares at a par value of $0.001, along with 5,000,000 two year, $0.03 options,
to L. Bruce Jolliff, CFO.
In June 2021 the Company issued 1,000,000 Series K preferred shares at a par value of $.001 to James Katzaroff, CEO, and 50,000 shares of
Series K preferred shares at a par value of $.001 to each David Croom, COO and L. Bruce Jolliff, CFO.
NOTE 11 – SUBSEQUENT EVENTS
Management has evaluated subsequent events through April 11, 2023, which is the date when these consolidated financial statements were
issued, and is aware of none requiring disclosure, except as noted below.
During March 2023 the Company issued 50,000,000 common stock shares to a consultant.
During March 2023 the Company issued 5,305,374 common stock shares in exchange for convertible debt and accrued interest.
During August 2023 the Company issued 11,111,111 common stock shares to an officer in exchange for $10,000 cash. JK & Passive Portal