Drone USA’s Subsidiary Howco Distributing Co. Generated $1.4 Million Revenue to the Defense Logistics Agency, US Navy, Army and Coast Guard Over the Past 10 Days
PINE BROOK, NJ / ACCESSWIRE / October 4, 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”), in the last 10 days, shipped products totaling $1.4 million in revenue to the Defense Logistics Agency, the U.S. Navy, Army and Coast Guard. Most of the shipments went to the Defense Logistics Agency and the Army. Many of the products for the Army were earmarked for our allies across the globe.
Michael Bannon, Drone USA’s Chief Executive Officer, commented, “It was a race to our September 30 year-end finish line. I believe we can sustain and potentially grow that level of sales throughout the upcoming 2019 fiscal year.”
Matt Wiles, Howco’s VP of Business Operations, stated, “Like Mike, I am very proud of the entire Howco team. Processing this many new contracts and shipping $1.4 million in orders is no small task. We are positioned to manage high volumes of purchase orders and high volumes of shipments. These past two weeks are indicative of what Howco is capable of doing.”
Lindsay Somics, Howco’s Sales Manager, stated, “These numbers are a direct reflection of the synergy between all the departments here at Howco. We pride ourselves on our communication with one another and are very proud of the outcome.”
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.