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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.
