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Bantek Hires Jeffrey L. Garon as CFO of Bantek and as a member of its Board of Directors

January 29, 2019

PINE BROOK, N.J.--(BUSINESS WIRE)--Jan 29, 2019--Bantek, Inc. (OTCPINK:) (“Bantek” or the “Company”), a service provider and reseller of drones, insulation jackets and distributor of products to the U.S. Government, today announced that it has selected Jeffrey L. Garon to be its new CFO and to join its board of directors.

Michael Bannon, Bantek’s Chief Executive Officer, commented, “We are delighted to have Jeff join our team. Jeff brings a wealth of entrepreneurial and managerial experience with him. He is a proven leader and will prove to be a tremendous asset as we move towards our phase - up listing.”

Jeff Garon, Bantek’s new Chief Financial Officer and Board Member, said “I am thrilled to be joining Mike and the Bantek team. This a great opportunity. I see tremendous opportunity and a wonderful future.”

About Jeffrey L. Garon

For the past 30 years, Jeff led the development, implementation and execution of companies’ annual operating plans, financing and business development strategies, transparency, and controls. His experience includes startups, turnarounds, restarts, acquisitions, technology sales, IPOs and reverse mergers. Jeff successful performed the roles of founder, CFO, COO and CEO and board member. As an investment banker, Jeff possesses both sell and buy side experience. Jeff held senior positions in the following companies: Mota Group, CVA Partners, Etelos, Kaufman Bros., Tripath Technology, Silicon Storage Technology, Monster Cable Products, Oracle, Ashton-Tate, and Teledyne Microelectronics. Jeff graduated from CSU Northridge and holds an MBA from Loyola Marymount University.

About Bantek, Inc.

Bantek, Inc. (OTCPINK: DRUS ), headquartered in Pine Brook, NJ., consists of three separate divisions. First, through Howco Distributing Co., we sell products primarily to U.S. Department of Defense. Second, through Drone USA we sell drone programs, which consists of drones, training, COA’s and waivers and other drone-related services, to law enforcement, firefighters, security companies, local, state and our US government. Third, we sell insulation jackets, slates, and insulation services to hospitals, universities, and manufacturers.

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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190129005386/en/

CONTACT: Michael Bannon

Chief Executive Officer

mike@bantekinc.com

KEYWORD: UNITED STATES NORTH AMERICA NEW JERSEY

INDUSTRY KEYWORD: MANUFACTURING PACKAGING PROFESSIONAL SERVICES BANKING FINANCE ENVIRONMENT DEFENSE CONTRACTS OTHER DEFENSE

SOURCE: Bantek, Inc.

Copyright Business Wire 2019.

PUB: 01/29/2019 08:30 AM/DISC: 01/29/2019 08:30 AM

http://www.businesswire.com/news/home/20190129005386/en

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