Dafoe Corp.

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    Dafoe Corp. Seeks Big Brother in Parent Company

    Dafoe Corp. (OTC Bulletin Board: DAFX) today announced the signing of a letter of intent to acquire 100 percent of Agkha Intelli-Tec, a dynamic, rapidly growing Dubai-based Radio-Frequency Identification (RFID) and digital security solutions provider in exchange for approximately 59 percent ownership of Dafoe Corp. Agkha’s technologies assist in fraud prevention, check security, electronic airline boarding passes, RFID technology, intelligent parking solutions, SMART video broadcasting and integrated consulting solutions.

    “We are extremely pleased with the progress we have made so far in our negotiations with Agkha Intelli-Tec as we believe this acquisition will improve our position in high-growth segments of the RFID market,” said Kyle Beddome, President and Chief Executive Officer of Dafoe Corp. “We hope to finalize our internal due diligence and complete the acquisition during the third quarter of 2010.”

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