Bantec Subsidiary
Howco Secures a $205,000 Purchase
Order to Provide Military Grade Packing for a
Major Aerospace Defense Manufacturer
Little
Falls,
NJ -- May
14, 2020
-- InvestorsHub NewsWire
-- Bantec, Inc.
(OTCPINK:BANT)
("Bantec" or the
"Company"), Bantec, Inc., a product and service
company,
announces
that Howco Distributing, its wholly-owned
subsidiary,
received a $205,000 purchase order
to
provide military
grade packaging for a major aerospace manufacturing
company
selling military drones, replacement parts
and other
accessories to the U.S. Department of
Defense.
Howco Distributing Co.
Michael Bannon, Bantec's Chairman and
CEO stated
that "Howco specializes in
dissecting,
deciphering,
and executing
on U.S. Department of Defense
military
contracts.
This skill, acquired over the past two decades, constitutes Howco's
primary competitive advantage. This is not an easy
task,
and
Howco
does it very well. We anticipate
reoccurring business through this newly created collaborative
partnership. We also see this as an untapped market we can
aggressively target".
Matt Wiles,
Bantec's
COO,
commented
"with over
11,000 government contracts processed annually, Howco's
personnel possess vast amounts of knowledge and experience
fulfilling the packaging and labeling requirements
needed to fulfill
the Department of
Defense's
numerous military packaging specifications. Howco's Quality Management
System (QMS), ISO 9001 compliant, enables us to package
in strict
conformance with the requirements of MIL-I-45208A and approved by
DCMA.
Additionally, our personnel possess extensive experience in all
aspects of the military logistic process, including Wide Area
Workflow (WAWF)".
About Bantec
Bantec Inc., a product and service
company, through its subsidiaries and divisions sells to facility
managers, engineers, maintenance managers, purchasing
managers and
contract officers who work for local and state governments and the U.S. Government. It distinguishes itself
by establishing lifelong customer
and supplier friendships, responding immediately to
its
customers' needs,
and providing products and services through a highly technically
trained, motivated and incentivized
workforce.
Forward-Looking Statements
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 Form 10 filed with the U.S. Securities and Exchange
Commission.
Contacts:
Michael
Bannon
Chairman
& CEO
mike@bantecinc.com