REDHAWK LAUNCHES PPE WEBSITE
LAFAYETTE, LA -- August 18, 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 the
launch of its new website dedicated to
online sale
of the
Company's line of personal protection
equipment ("PPE") including
non-contact
thermometers, UV lamps, face masks and face shields.
http://www.redhawkmedicalproducts.com
RedHawk
also reiterated
today that its previously announced
preliminary results
for the three month period ended June 30, 2020 are
projected to be at record levels, with revenues for such period
estimated to increase more than 500% over the preceding three month
period ended March 31, 2020, as previously
announced. Also as previously announced,
normalized
quarterly
cash flow from operations is also preliminarily
estimated to
be at record
levels for this same three month period. Revenues for the three month
period ended June 30, 2020 were from a combination of sales from
the Company's line of PPE and its SANDD™ needle incineration devices
with preliminary gross profit margins averaging approximating
50%.
Additionally,
RedHawk announced
today that it has repaid in full the promissory note due on or
before September 6, 2020 in the principal amount of $200,000
made payable in connection with
the previously disclosed
settlement
agreement between the Company and the Daniel J. Schreiber Living
Trust – Dtd 2/8/95.
# # #
About RedHawk Holdings Corp.
RedHawk Holdings Corp., formerly Independence Energy Corp., is
a diversified holding company which, through its
subsidiaries, is engaged in the 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. For more
information, please visit: http://www.redhawkholdingscorp.com
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 and CFO
(337)
269-5933
darcy.klug@redhawkholdingscorp.com
Philip C.
Spizale, CEO
(337)
269-5933
philip.spizale@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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