FTI was actually in the process of being created long before this contract was set. The FTI name was actually going to be used for a brake pad business I was starting. We refer to the top-quality brake pads as “professional grade”. FTI stood for Firstline Technology Incorporated, Professional Grade. The company was available, and I used it.
When you start a company with new business, your lawyers and accountants always advise you to use a separate, single-purpose entity. That was the reason the company was incorporated. I wanted a March 31 year-end for the company.