All Secured with One New Local Supplier
PINE BROOK, NJ / ACCESSWIRE / November 29, 2018 / Bantek, Inc. (OTCQB: DRUS) ("Bantek" or the"Company"), a service provider and reseller
of drones, insulation jackets and distributor of products to the U.S. Government, today announced that its subsidiary, Howco
Distributing ("Howco"), received four large contracts, in part, with our supplier Allison Transmission, totaling over $645,000. The
contracts include a one-year long-term contract for $250,000, two Defense Logistics Agency contracts for $92,864 and $180,609, and
a direct Army contract for $122,455.
Michael Bannon, Bantek's Chief Executive Officer, commented, "We are aggressively looking to grow Howco's gross sales and
profits by building new supplier relationships. The sales team continues to impress; they are on the hunt for big contracts. Last
week, we promoted Lindsay Somics to Vice President of Business Development. She has done a tremendous job for us. We are all very
excited about our future."
Matt Wiles, Howco's Chief Operating Officer, stated, "We've worked hard to build a supplier base to support winning large
contracts like these. We are proud of our Allison Transmission Associate Dealership agreement."
Lindsay Somics, Howco's Vice President of Business Development, stated, "I am grateful and excited about this opportunity. I
feel very confident we will see many more relationships like these in the future."
About Howco Distributing Co.
Howco Distributing, a subsidiary of Bantek, Inc., is a premier supplier of spare and replacement parts to a wide variety of Federal
Government agencies, U.S. military prime contractors and commercial customers worldwide. Founded in 1990 and located in Vancouver,
Washington, Howco's services encompass bid solicitation, contract management, packaging and logistics for construction,
transportation, mining and heavy equipment spare and replacement parts to customers worldwide utilizing a wide variety of supply
chain solutions. Howco was the winner of 2017 United States Department of Defense Logistics Agency's Commander's Choice Supplier
Award and the 2012 United States Department of Defense Logistics Agency's Bronze Supplier Award.
About Bantek, Inc.
Bantek, Inc. (OTCQB: DRUS), headquartered in Pine Brook, NJ., consists of three separate
divisions. First, through Howco Distributing Co., we sell products primarily to U.S. Department of Defense. Second, through Drone
USA we sell drone programs, which consists of drones, training, COA's and waivers and other drone-related services, to law
enforcement, firefighters, security companies, local, state and our US government. Third, we sell insulation jackets, slates, and
insulation services to hospitals, universities, and manufacturers.
Forward-Looking Statements
Certain statements in this press release may be considered "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue,
operating expenses or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking
statements are generally qualified by terms such as: "plans, "anticipates," "expects," "believes" or similar words. Forward-looking
statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and
actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information.
These factors are discussed in greater detail in our Form 10 filed with the U.S. Securities and Exchange Commission.
Contacts:
Michael Bannon
Chief Executive Officer
mike@bantekinc.com
Hayden IR
Investor Relations
(917) 658-7878
hart@haydenir.com
SOURCE: Bantek, Inc.
