Looking to Expand Business Presence in Northeast
PINE BROOK, NJ / ACCESSWIRE / May 22, 2019 / Bantek, Inc. (OTC PINK: BANT) ('Bantek' or the 'Company'), a distributor of products to the U.S. Government, an environmental services provider and reseller of drones and drone training, today announced the opening of an office/warehouse in Little Falls, New Jersey for its Howco Distributing Co. subsidiary.
Michael Bannon, Bantek's Chief Executive Officer, commented, 'opening a Howco location in central New Jersey make sense. The new Howco facility is near three major interstate highways (I287, I80 and I95) and situated in the heart of New Jersey's manufacturing center which provides an ideal location for us. Sales and profit growth drive our agenda, and this constitutes just one of our initiatives to achieve that end.'
Matt Wiles, Howco's Chief Operating Officer added, 'We believe having a physical presence in New Jersey will enable Howco to compete for and win additional business as well as support our growth toward achieving our previously set business targets.'
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. (OTC: BANT), 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.
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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 recent Form 10-K filed with the U.S. Securities and Exchange Commission.
SOURCE: Bantek, Inc.
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