Drone USA Letter to Shareholders
NEW YORK–(BUSINESS WIRE)–#Drones–Drone USA, Inc. (OTCQB:DRUS) released the following letter to its
shareholders:
Dear Shareholders,
We have decided to make a change. We are much more than a drone company.
Today, we filed with the SEC a Schedule 14C to change our company name
and increase the number of authorized shares and will be filing with
FINRA to change our symbol. Our new corporate name will be Bantek Inc.
Under the Bantek name, we will create three divisions:
- Distributing
- Aerospace
- Environmental Remediation & Energy Savings.
We intend to grow all three divisions through acquisitions and strategic
partnerships. We are excited about the change. We believe it will open
new doors for increased revenues and profits.
Distributing
Under our Distributing division, we will have Howco Distributing Co,
located in Vancouver Washington, HowcoCT located in West Haven
Connecticut and late this summer we plan to open a Howco Distribution
Center in Phoenix Arizona. In addition, we are currently looking to
acquire distributing companies in New York and Florida. We are also
exploring the possibility of franchising Howco and helping disabled
veterans own and operate their own distributing businesses.
Aerospace
Under the Aerospace division, we will have Drone USA. Drone USA
will continue providing police, fire and U.S. businesses with
all-inclusive drone and counter-drone programs. Our programs include FAA
training, operator training, certificates of authorization and waivers
and a creative internet of things solution for managing drones,
product manuals, flight logs, safety checklists, maintenance and much
more. We are currently working a on a new state-of-the-art Drone USA
website and store that we plan to roll out this summer. We are also
looking beyond the drone industry into other aerospace businesses that
would ultimately complement and reinforce our overall strategic vision.
Environmental Remediation & Energy Savings
I personally have been involved in the environmental remediation and
energy saving product industries for over three decades. These are
businesses I know well. Through our strategic partnerships, future
acquisitions and organic growth, we expect to provide environmental
remediation and energy saving products and services throughout the
United States. Through a strategic partnership, we expect to possess patented
technology to enables us to provide real time energy savings to our
customers. In the next few months, we plan to roll out a shared energy
savings program where we provide our customers with real time energy
savings. We believe that through organic growth, acquisitions and
strategic alliances this division has significant potential for
substantial growth and profitability.
Thank you all for your support.
Respectfully Submitted,
Michael Bannon
Chairman/CEO
Cautionary Statement Regarding Forward-Looking
Statements
This communication may contain certain "forward-looking statements"
under applicable securities laws, including the Private Securities
Litigation Reform Act of 1995. These statements are typically identified
by words or phrases such as "may," "will," "could," "should," "predict,"
"potential," "pursue," "outlook," "continue," "anticipate," "estimate,"
"expect," "project," "intend," "plan," "believe," "target," "forecast,"
and other words and terms of similar meaning. For example, statements
regarding future results regarding the benefits of the strategic
initiatives announced, and future financial results and operational
plans are forward-looking statements. These forward-looking statements
are subject to numerous risks and uncertainties, many of which are
beyond Drone USA, Inc.'s control, which could cause actual benefits,
results, effects and timing to differ materially from the results
predicted or implied by the statements. Additional information
concerning the risk factors faced by Drone USA is contained in the its
public filings with the Securities and Exchange Commission (the "SEC"),
which are available at the SEC's website, http://www.sec.gov.
Each forward looking statement speaks only as of the date of the
particular statement, and Drone USA undertakes no obligation to publicly
update any of these forward-looking statements to reflect events or
circumstances that may arise after the date hereof.
Important Additional Information
This communication does not constitute a solicitation of a vote or
proxy. In the event that Drone USA (the ÔÇ£CompanyÔÇØ) requires a
shareholder vote or holds a 2018 Annual Meeting of Shareholders, it
shall file a proxy statement and white proxy card with the SEC in
connection with any such solicitation of proxies from the CompanyÔÇÖs
shareholders. Information regarding the ownership of the Company's
directors and executive officers in Company stock, restricted stock and
options is included in the Company's SEC filings on Forms 3, 4, and 5,
which can be found through the Company's website www.droneusainc.com
in the section "Investors" or through the SEC's website at www.sec.gov.
Information can also be found in the Company's other SEC filings.
Shareholders will be able to obtain any proxy statement, any amendments
or supplements to the proxy statement and other documents filed by the
Company with the SEC at no charge at the SEC's website at www.sec.gov.
Copies will also be available at no charge at the Company's website at www.droneusainc.com
in the section "Investors."
Contacts
Drone USA, Inc.
Michael Bannon, 203-410-8924
Director of
Investor Relations
[email protected]
