Aggregate of $1.8 Million in New Contracts Over Past Few Weeks
WEST HAVEN, CT / ACCESSWIRE / May 2, 2018 / Drone USA, Inc. (OTCQB: DRUS) ("Drone USA" or the "Company"), a service provider, manufacturer and reseller of drones and distributor of products to the U.S. Government, today announced that its subsidiary, Howco Distributing ("Howco"), was awarded a $340,000 contract from the U.S. Navy.
Michael Bannon, Drone USA's Chief Executive Officer, commented, "We are delighted to receive this contract. Howco Distributing has had a very successful past few weeks in closing $1.8 million in new contracts. I am very proud of the Howco management team and staff. The Howco teamwork and culture is tremendous and in my view their future looks bright."
Matt Wiles, Howco's VP of Business Operations, stated, "A contract like this is a reminder that our business is not only about sourcing components, but is also a relationship business. Our sales manager, Lindsay Somics, worked tirelessly with our supplier to meet the needs of the Navy."
Lindsay Somics, Howco's Sales Manager, stated, "It is a personal pleasure to support our troops in the way that we do, as both of my Grandfathers served in the Navy during the attack on Pearl Harbor. Here at Howco we work with Government contractors every day to supply our soldiers with the tools and parts needed to continue their efforts here in the states and abroad. I believe that what our team accomplishes daily has a positive impact on country."
About Howco Distributing Co.
Howco Distributing, a subsidiary of Drone USA, Inc., is a premier supplier of spare and replacement parts to a wide variety of Federal Government agencies, U.S. military prime contractors and commercial customers worldwide. Founded in 1990 and located in Vancouver, Washington, Howco's services encompass bid solicitation, contract management, packaging and logistics for construction, transportation, mining and heavy equipment spare and replacement parts to customers worldwide utilizing a wide variety of supply chain solutions. Howco was the winner of 2017 United States Department of Defense Logistics Agency's Commander's Choice Supplier Award and the 2012 United States Department of Defense Logistics Agency's Bronze Supplier Award.
About Drone USA, Inc.
Drone USA, Inc. (OTCQB: DRUS), headquartered in West Haven, CT., is a service provider, manufacturer and reseller of drones and distributor of products to the U.S. Government. Our competitive advantage stems from offering superior service, high quality products and establishing and maintaining life-long customer friendships. Our primary markets U.S. police, firemen, U.S. industry and the U.S. Government.
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
Chief Executive Officer
[email protected]
Hayden IR
Investor Relations
(917) 658-7878
[email protected]
SOURCE: Drone USA, Inc.