Bantec Subsidiary
Howco Secures a
$100,000
Increase to an
Existing Purchase Order to
Provide Military Grade Packaging
for a Major Aerospace Defense Manufacturer
Little
Falls,
NJ --
September 10,
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 $100,000 increase to an existing
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 possesses a unique
competence when it comes to
understanding the complexities of
the
military grade
packing requirements
found in
U.S.
Defense
contracts.
We
successfully packaged for thousands of contracts
during the past three years. For defense contractors who
struggle with these complexities, often making unnecessary mistakes
costing valuable time and money, we offer them our expertise
allowing them to focus on what is important –
making their
products better."
Matt Wiles, Bantec's COO, commented, "I could not be more proud of
our team for what they have been able to accomplish is such a short
period. The packaging and consulting
services we are providing are intricate and relieve our customer of
a cumbersome task. Our customer, along with the
Defense Logistics Agency (DLA) and Defense Contract Management
Agency (DCMA), attribute to Howco an increase in
our
customer's on-time delivery
from 37% to
93%. I am confident we will continue
to provide packaging and consulting services for many years to
come."
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
