Bantec's Howco Awarded Contracts Totaling $109,000.00 In One Day

Rhea-AI Summary

Bantec, Inc. (OTCPINK: BANT) announced that its subsidiary Howco secured $109,000 in contracts in a single day, with 80% of these awarded by the DLA. Chairman and CEO Michael Bannon attributed this achievement to the dedicated sales team and expects continued sales growth leading to a profitable 2023. The company focuses on providing services to various sectors, including government and commercial businesses.

Positive

• Single-day contracts amounting to $109,000 secured by Howco.
• 80% of new contracts were awarded by the DLA.
• Expectations for a profitable and strong 2023 based on increasing sales.

Negative

• None.

LITTLE FALLS, N.J., Oct. 25, 2022 /PRNewswire/ -- Bantec, Inc. (OTCPINK: BANT) ("Bantec" or the "Company"), Bantec, Inc., a product and services company, announces that its subsidiary Howco received $109,000.00 in orders in one Day.

Michael Bannon, Bantec's Chairman and CEO stated: "We received at total of $109,000.00 in contracts in a single day with 80% of them being awarded by the DLA.  This banner day is the result of the hardworking sales team at Howco. Howco sales in general continue to increase so we expect a  profitable and strong 2023.

About Bantec 
Bantec, Inc, a product and services company, through its subsidiaries and divisions sells to facility managers, engineers, maintenance managers, purchasing managers and contract officers who work for hospitals, universities, manufacturers, commercial businesses, local and state governments, and the US government. Our difference that matters consists of establishing lifelong customer and supplier friendships, responding immediately to our 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-K filed with the U.S. Securities and Exchange Commission.

Contacts:
Michael Bannon
Chairman & CEO
mike@bantecinc.com
+1 (203) 410-8924 

 

View original content:https://www.prnewswire.com/news-releases/bantecs-howco-awarded-contracts-totaling-109-000-00-in-one-day-301658766.html

SOURCE Bantec, Inc.

FAQ

What recent contracts were awarded to Bantec, Inc.?

Bantec's subsidiary Howco received contracts totaling $109,000 in one day.

What percentage of Bantec's new contracts were awarded by the DLA?

80% of the new contracts were awarded by the DLA.

What does Bantec expect for 2023?

Bantec expects a profitable and strong 2023 based on increasing sales.

What is the stock symbol for Bantec, Inc.?

The stock symbol for Bantec, Inc. is BANT.