Bantec's Howco Distributing Co. and Bantec Environmental Corp. Win Contracts
Rhea-AI Summary
Bantec (OTCPINK: BANT) reported significant contract wins through its subsidiaries. Howco Distributing Co. achieved sales of $1.163 million over the past three months, including a notable $455,000 contract. Additionally, Bantec Environmental Corp. secured its first fire cleanup contract and obtained licensing as an asbestos removal contractor in Connecticut.
The company operates as a product and service provider targeting government entities, healthcare facilities, educational institutions, and building owners. Through Howco Distributing, Bantec supplies procurement, distribution, and logistics services to the U.S. Department of Defense and Defense Logistics Agency. Bantec Environmental specializes in asbestos, mold, lead, and PCB removal services in Connecticut.
Positive
- Howco Distributing achieved $1.163 million in sales over three months
- Secured significant contract worth $455,000
- Bantec Environmental won first fire cleanup contract
- Obtained asbestos removal contractor license in Connecticut
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, BANT declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Michael Bannon, Bantec's Chairman and CEO stated: "Howco Distributing had sales of 1.163 million for the past three months with one sizable contract of
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 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. Bantec Environmental offers asbestos, mold, lead, and PCB removal services in
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
View original content:https://www.prnewswire.com/news-releases/bantecs-howco-distributing-co-and-bantec-environmental-corp-win-contracts-302323866.html
SOURCE Bantec, Inc.
FAQ
What was Bantec (BANT) Howco Distributing's sales volume for the past three months?
What is the value of Bantec's (BANT) largest recent contract through Howco Distributing?
What new licenses did Bantec Environmental Corp. (BANT) obtain in December 2024?
What type of contract did Bantec Environmental (BANT) win for the first time?
