Bantec's
Howco Short Term Department of Defense Contract Wins Will Exceed
$1,100,000 for the current Quarter
Sparta,
NJ -- June 25, 2024 -- InvestorsHub NewsWire -- Bantec, Inc.
(OTCPINK:
BANT) ("Bantec" or the
"Company"),
a product
and services company, increased sales, and profits, through
its Howco
Distributing Co. subsidiary
("Howco"), winning over
$1,100,000 in short term Department of Defense contracts so far in
Q3.
Michael
Bannon, Bantec's Chairman and CEO stated: "We are almost at the end
of our third month for the quarter
and Howco has surpassed the 1.1 million dollar sales mark for our
third quarter. Here are some of the products we sold during the
third quarter to the Department of Defense:
* Welding
pins
* Vehicle
winches
* Vehicle
doors
*
Transmission lifts
* Wire
rope assemblies
* Vehicle
mirror assemblies
"Order
requests and fulfillment on the post pullers ($65,000 each)
has begun from our
$4,100,000 long term contract with the Department of Defense we
announced back in May," stated Michael Bannon.
More
details on the individual contracts can be found on the Federal
Procurement website: https://www.fpds.gov/fpdsng_cms/index.php/en/.
About
Bantec
Bantec, Inc. is a product
and service company targeting the United States Government, state
governments, municipalities, hospitals, universities,
manufacturers, and other building owners. Bantec also provides
product procurement, distribution, and logistics services through
its wholly owned subsidiary, Howco Distributing Co., to the United
States Department of Defense and Defense Logistics Agency. The
Company has operations based in Sparta, New Jersey
and Vancouver, Washington. The Company
continues to seek strategic acquisitions and partnerships that
offer it an opportunity to grow sales and profit.
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. Forward-looking statements may be
identified by the use of words referencing future events or
circumstances such as "expect," "intend," "plan," "anticipate,"
"believe," and "will," among others. These forward-looking
statements may include projections of matters that affect revenue,
operating expenses, projections of growth; and assumptions relating
to the foregoing. These forward-looking statements are based upon
the Company's current expectations and involve assumptions that may
never materialize or may prove to be incorrect. Actual results and
the timing of events could differ materially from those anticipated
in such forward-looking statements as a result of various risks and
uncertainties. More detailed information about the risks and
uncertainties affecting the Company is contained under the heading
"Risk Factors" included in the Company's Annual Report on Form 10-K
for the year ended September 30, 2023, that the Company filed with
the SEC. One should not place undue reliance on these
forward-looking statements, which speak only as of the date on
which they were made. The Company undertakes no obligation to
update such statements to reflect events that occur or
circumstances that exist after the date on which they were made,
except as may be required by law.
Contacts:
Michael
Bannon
Chairman
& CEO
Stockholders@Bantecinvestorrelations.com