REDHAWK ANNOUNCES ADVISORY BOARD
APPOINTMENTS
Former Directors Robert H.
Rhyne, Jr. and Felix C. Spizale
Named to Company's
Advisory Board
LAFAYETTE, LA -- January 21, 2020 --
InvestorsHub NewsWire -- RedHawk Holdings
Corp. (OTC:
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 G. Darcy Klug,
RedHawk's Chairman
and Interim Chief Executive Officer, has named former directors
Robert H. Rhyne,
Jr. and Felix C. Spizale to the Company's
Advisory
Board
to assist in the
execution of specific areas of
the Company's
business plan.
Mr.
Rhyne was
a
founder and
the
President of
oilfield services company, Preheat, Inc. ("Preheat"), until
its
acquisition by OMNI Energy Services Corp.
(Nasdaq: OMNI) in December 2005. After
the acquisition of Preheat, Mr. Rhyne initially assumed the role as
OMNI's Vice
President of Sales and Marketing and
then transitioned to
the role as OMNI's
Vice President Business
Development.
In both roles, Mr. Rhyne worked closely with Mr. Klug, OMNI's former Executive Vice
President, to execute OMNI's
business plan for both organic and strategic
growth.
During their tenures, Messrs. Klug and Rhyne worked
to complete eleven acquisitions and one
divestiture,
resulting in growth of OMNI's annual revenues from $25
million to approximately $200 million, while dramatically
expanding
OMNI's revenue diversification.
Mr. Rhyne is
currently responsible for
the
sales and
marketing of
a private provider of commissary services
to state prisons in Louisiana and Texas. He is also working closely
with RedHawk on the launch of the
Company's
line of SANDD™ needle incineration
devices ("SANDD™"), by assisting RedHawk in establishing its
team of marketing
representatives and making introductions of SANDD™ into the law enforcement
community. In his advisory role,
Mr. Rhyne
is expected
to work closely with Mr. Klug to
execute RedHawk's
business plan with the goal of
expanding and
diversifying
the Company's projected revenue base
through
completion of
certain strategic and organic growth opportunities
currently under
consideration.
Mr. Spizale
is a
50-year energy industry
veteran. For the past
18
years, he
has been
a consultant
to
various
private
companies. Previously, he held various engineering,
general manager and executive-level positions over his 32-year
career at Texaco, Inc. Mr. Spizale holds a Bachelor of Science
degree in petroleum engineering from the University of Louisiana –
Lafayette and is a graduate of the Columbia University Program for
Executive Management Development. He is a member of the American
Petroleum Institute and the Society of Petroleum
Engineering. Over his career, he has held numerous civic and
organizational board positions. Mr. Spizale has
been instrumental
in oversight
of the
re-engineering and re-design
of the Company's
line of SANDD™ products. He is expected to
work closely with
Mr. Klug in establishing RedHawk's planned research and development
business unit that is being
formed
for certain
re-engineering and re-design
work including, but
not limited to, the Company's
closed cabinet,
nominal dose transmission full-body x-ray
scanner.
Commenting on the
newly appointed Advisory Board members, Mr. Klug said, "As we continue to
execute the launch of our complete line of
SANDD™ products, we believe
RedHawk is
now positioned
to pursue the organic and strategic
diversification we believe is
needed to
expand our
revenue base. In doing so,
the vast and
diversified experiences of both Messrs. Rhyne and
Spizale,
working with me and our board of directors,
will be
invaluable
resources available to assist us in the execution
of this
next
critical
phase of our
business plan."
# # #
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 and results 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.
Company
Contact:
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
Media
Contact:
Valerie
Allen
Valerie Allen
Public Relations
(310)
382-7800
valerie@valerieallenpr.com
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