Drone USA’s Subsidiary Howco Distributing Receives Extended IQC (Indefinite Quantity Contract) from the U.S. Government for Wire Rope Assembly for a Potential Total of $454,000
PINE BROOK, NJ / ACCESSWIRE / September 26, 2018 / Drone USA, Inc. (OTCQB: DRUS ) (“Drone USA” or the “Company”), a service provider and reseller of drones and distributor of products to the U.S. Government, today announced that its subsidiary, Howco Distributing (“Howco”), received an IQC extension to supply the U.S. Army with wire rope assemblies.
Michael Bannon, Drone USA’s Chief Executive Officer, commented, “the staff at Howco is extremely motivated. They all share the vision: building a powerful and profitable company that will soon up list to either the New York Stock Exchange or Nasdaq Exchange.”
Matt Wiles, Howco’s VP of Business Operations, stated, “This particular contract highlights our ability to support the Army. Our staff works tirelessly to locate long-term contracts and especially ones that Howco already has an established supplier relationship with.”
Lindsay Somics, Howco’s Sales Manager, stated, “Since the extension, we have received three contracts totaling just over $222,000. Our team has managed to close two of those orders within thirty days of the award. We supply genuine product, and when possible, we expedite shipments to serve our warfighters better.”
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 Pine Brook, NJ., is a service provider, a 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 are U.S. police, firemen, U.S. industry and the U.S. Government.
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.
Chief Executive Officer
SOURCE: Drone USA, Inc.