STOCK TITAN

Bantec's Howco Distributing Co. and Bantec Environmental Corp. Win Contracts

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

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.

Bantec (OTCPINK: BANT) ha riportato significativi successi contrattuali attraverso le sue filiali. Howco Distributing Co. ha raggiunto vendite di 1,163 milioni di dollari negli ultimi tre mesi, inclusi un contratto notevole da 455.000 dollari. Inoltre, Bantec Environmental Corp. ha ottenuto il suo primo contratto per la pulizia di incendi ed ha acquisito la licenza come appaltatore per la rimozione dell'amianto nel Connecticut.

L'azienda opera come fornitore di prodotti e servizi rivolto a enti governativi, strutture sanitarie, istituzioni educative e proprietari di edifici. Attraverso Howco Distributing, Bantec fornisce servizi di approvvigionamento, distribuzione e logistica al Dipartimento della Difesa degli Stati Uniti e alla Defense Logistics Agency. Bantec Environmental si specializza nella rimozione di amianto, muffa, piombo e PCB nel Connecticut.

Bantec (OTCPINK: BANT) reportó logros significativos en contratos a través de sus subsidiarias. Howco Distributing Co. alcanzó ventas de 1.163 millones de dólares en los últimos tres meses, incluyendo un contrato notable de 455.000 dólares. Además, Bantec Environmental Corp. aseguró su primer contrato de limpieza de incendios y obtuvo la licencia como contratista de remoción de asbesto en Connecticut.

La empresa opera como proveedor de productos y servicios dirigido a entidades gubernamentales, instalaciones de salud, instituciones educativas y propietarios de edificios. A través de Howco Distributing, Bantec proporciona servicios de adquisición, distribución y logística al Departamento de Defensa de EE. UU. y a la Defense Logistics Agency. Bantec Environmental se especializa en servicios de remoción de asbesto, moho, plomo y PCB en Connecticut.

Bantec (OTCPINK: BANT)는 자회사를 통해 주요 계약을 체결했다고 보고했습니다. Howco Distributing Co.는 지난 3개월 동안 1163만 달러의 매출을 올렸으며, 그 중 455,000달러의 주목할 만한 계약이 포함되어 있습니다. 또한, Bantec Environmental Corp.는 첫 번째 화재 청소 계약을 확보하고, 코네티컷주에서 석면 제거 계약자로서 허가를 받았습니다.

이 회사는 정부 기관, 의료 시설, 교육 기관 및 건물 소유자를 대상으로 제품 및 서비스 제공업체로 운영되고 있습니다. Howco Distributing을 통해 Bantec는 미국 국방부 및 방위 물류국에 조달, 유통 및 물류 서비스를 제공합니다. Bantec Environmental은 코네티컷주에서 석면, 곰팡이, 납 및 PCB 제거 서비스 전문업체입니다.

Bantec (OTCPINK: BANT) a rapporté d'importants gains en contrats via ses filiales. Howco Distributing Co. a réalisé des ventes de 1,163 million de dollars au cours des trois derniers mois, dont un contrat notable de 455 000 dollars. De plus, Bantec Environmental Corp. a obtenu son premier contrat de nettoyage après un incendie et a acquis une licence en tant qu'entrepreneur de retrait d'amiante dans le Connecticut.

L'entreprise opère en tant que fournisseur de produits et de services visant les entités gouvernementales, les établissements de santé, les institutions éducatives et les propriétaires de bâtiments. À travers Howco Distributing, Bantec fournit des services d'approvisionnement, de distribution et de logistique au Département de la défense des États-Unis et à l'Agence de logistique de la défense. Bantec Environmental se spécialise dans l'enlèvement de l'amiante, des moisissures, du plomb et des PCB dans le Connecticut.

Bantec (OTCPINK: BANT) berichtete von bedeutenden Vertragsgewinnen durch seine Tochtergesellschaften. Howco Distributing Co. erzielte in den letzten drei Monaten einen Umsatz von 1,163 Millionen Dollar, einschließlich eines bemerkenswerten Vertrags über 455.000 Dollar. Darüber hinaus sicherte sich Bantec Environmental Corp. seinen ersten Vertrag zur Brandreinigung und erhielt eine Lizenz als Asbestentferner im Bundesstaat Connecticut.

Das Unternehmen fungiert als Anbieter von Produkten und Dienstleistungen, die sich an staatliche Stellen, Gesundheitseinrichtungen, Bildungseinrichtungen und Gebäudeigentümer richten. Durch Howco Distributing liefert Bantec Beschaffungs-, Vertriebs- und Logistikdienstleistungen an das US-Verteidigungsministerium und die Defense Logistics Agency. Bantec Environmental ist auf die Entfernung von Asbest, Schimmel, Blei und PCB in Connecticut spezialisiert.

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.

SPARTA, N.J., Dec. 5, 2024 /PRNewswire/ -- Bantec, Inc. (OTCPINK: BANT) ("Bantec" or the "Company"),  a product and services company, won contracts through its subsidiaries Howco Distributing Co. and Bantec Environmental Corp..

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 $ 455,000". Bantec Environmental won its first fire cleanup contract; Bantec Environmental is now a licensed asbestos removal contractor in Connecticut".

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 Connecticut.

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 

Cision 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?

Howco Distributing reported sales of $1.163 million for the past three months.

What is the value of Bantec's (BANT) largest recent contract through Howco Distributing?

Howco Distributing secured a sizable contract worth $455,000.

What new licenses did Bantec Environmental Corp. (BANT) obtain in December 2024?

Bantec Environmental became a licensed asbestos removal contractor in Connecticut.

What type of contract did Bantec Environmental (BANT) win for the first time?

Bantec Environmental won its first fire cleanup contract.

BANTEK INC

:BANTD

BANTD Rankings

BANTD Latest News

BANTD Stock Data

255.28k
6.86M
1.86%
3.53%
Aerospace & Defense
Industrials
Link
United States
Little Falls