LAFAYETTE, LA -- April 2, 2020 -- InvestorsHub NewsWire -- RedHawk Holdings Corp. (OTC: SNDD) ("RedHawk" or the "Company"), a diversified holding company primarily engaged in sales and distribution of medical devices, announced today that incoming order demand for its medical devices and supplies increased significantly during the last two weeks of March 2020 resulting in new order backlog in excess of $600,000 as of March 31, 2020, exclusive of the minimum number of contractually obligated orders from its distributor, Dolphin Medical LLC. The Company also said the March 31, 2020 backlog of new orders is projected to be delivered to customers and recognized as revenue in accordance with Generally Accepted Accounting Principles during the three month period ending June 30, 2020.
The new medical device and supplies orders are for the SANDD mini™, the Company's FDA-approved and OSHA compliant needle incineration device, the Company's line of digital non-contact thermometers and the Company's newly offered KN95 masks. The Company said this surge in new orders was the result of increased product demand caused primarily by the COVID-19 virus, and such increased demand is expected to continue into the three month period ending June 30, 2020.
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