REDHAWK COMPLETES A LIMITED MARKETING
CAMPAIGN AND ANNOUNCES ANTICIPATED INTEREST IN
SANDD mini™ NEEDLE INCINERATION UNITS
Campaign Leads to
Increase in Sales Reps
LAFAYETTE, LA -- October 9, 2019 -- InvestorsHub NewsWire
-- RedHawk Holdings Corp.
(OTCQB:
SNDD) ("RedHawk" or the "Company")
a
diversified
holding
company engaged in sales and distribution of medical devices,
branded generic pharmaceutical drugs, commercial real estate
investment and leasing, point of entry full-body security
systems, and specialized financial services, announced today that it has successfully completed
a limited marketing campaign ("Campaign") designed to evaluate
anticipated interest in, and potential sales of, its
SANDD
mini™ needle incineration unit into the Texas Independent School
Systems ("TISD").
The
Campaign,
which
commenced on or about July 1, 2019 and concluded on or about
September 15, 2019, coincided with the start of the new budget
school year for certain TISD and focused primarily on those TISD
located in North and East Texas. The scope of the
Campaign
covered
approximately 100 of the 1,031 TISD in the region, representing
approximately 1,300 of the 9,317 TISD public schools.
Some of the
TISD are currently in the
process
of complying with the new Texas "Stop the
Bleed" law which requires implementation
by
January 1, 2020.
From
the Campaign,
RedHawk received binding purchase
orders for the sale of approximately 250
SANDD
mini™ needle incineration units and expressions of interest
for the
future
purchase
of
an
additional 900 additional units. The list price for the
SANDD
mini™ is $249.99 but is being
offered for
sale to the
TISD with
certain introductory and volume discounts.
Commenting
on the
Campaign, G. Darcy Klug, RedHawk Chairman and Interim
Chief Executive
Officer said, "We believe this limited marketing
Campaign was
an
absolute success. We very encouraged
with
both
the number of
purchase orders received and the number of non-binding expressions of interest received for the future purchase
of the
SANDD mini™ needle incineration
unit.
We
believe these non-binding expressions of
interest will lead to actual sales
after
the
TISD
comply
with
implementation
of the
new "Stop the
Bleed" bill.
In conducting
the
Campaign, we employed a single, independent, sales representative who
focused primarily on select
Independent School Systems located mostly along the
Interstate 20
corridor. As a result of the Campaign, we have initiated a similar
limited
marketing campaign in the State of
California. Based on the results
received
from
the
Campaign, we
expect to increase the number of independent sales
representatives to further expand our marketing
efforts in Texas, as well as, other areas along the
Gulf Coast."
The
SANDD mini™ (formerly known as The
Disintegrator™) is a portable, lithium-ion battery operated, needle
destruction device primarily for use by
self-injector diabetics in the home or in
a school setting. In clinical or school settings, the
SANDD
mini™ can be used by school nurses,
allergists, dermatologists, cosmetologists, plastic
surgeons and other
medical specialists without the need for sharps containers
for needle
disposal. The SANDD mini™ provides diabetics
with the safe and environmentally friendly
disposal of
needles following their use in a home or school setting and is an
effective
alternative to hazardous waste needle disposal utilizing sharps
containers.
The SANDD mini™ is the only
FDA-approved and OSHA compliant portable,
battery-operated needle
destruction
device that eliminates the use of sharps containers for
disposal in
both clinical, school and home settings.
# # #
About RedHawk Holdings Corp.
RedHawk Holdings Corp., formerly Independence Energy Corp., is
a diversified holding company which, through its
subsidiaries, is engaged in sales and distribution of
medical devices, sales of branded
generic pharmaceutical drugs, commercial
real estate investment and leasing,
sales of point of entry full-body security systems,
and specialized financial services.
Through its medical products business unit,
the Company sells the Sharps and Needle
Destruction Device (SANDD™), WoundClot Surgical -
Advanced Bleeding Control, and the
Carotid Artery Digital Non-Contact
Thermometer. Through our United Kingdom
based subsidiary, we manufacture and market branded generic
pharmaceuticals. RedHawk Energy holds the exclusive U.S.
manufacturing and distribution rights for the Centri
Controlled Entry System, a unique, closed cabinet, nominal dose
transmission full-body x-ray scanner.
Cautionary Statement Regarding Forward-Looking
Statements
This release may contain forward-looking statements.
Forward-looking statements are all statements other than
statements of historical fact. Statements contained in
this release that are not historical facts may be deemed
to be forward-looking statements. The words "anticipate,"
"may," "can," "plans," "believes," "estimates," "expects,"
"projects," "targets," "intends," "likely," "will," "should," "to
be," "potential" and any similar expressions are
intended to identify those assertions as forward-looking
statements.
Investors are cautioned that forward-looking statements are
inherently uncertain. Actual performance, results and
sales figures for SANDD mini™ needle
incineration units may differ materially from
that projected or suggested herein due to certain risks
and uncertainties. In evaluating forward-looking
statements, you should consider the various factors which
may cause actual results to differ materially from any
forward-looking statements including those listed in the
"Risk Factors" section of our latest 10-K report.
Further, the Company may make changes to its business
plans that could or will affect its results. Investors are
cautioned that the Company will undertake no
obligation to update any forward-looking statements.
Media
Contact:
Julie
Calzone
(337)
235-2924
jcalzone@calzone.com
Company
Contacts:
G. Darcy
Klug, Chairman, CEO and CFO
(337)
269-5933
darcy.klug@redhawkholdingscorp.com
Investor
Relations:
Stephanie
Prince, Managing Director
PCG
Advisory
(646) 762-4518
sprince@pcgadvisory.com
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