NEW YORK--(BUSINESS WIRE)--Drone USA, Inc. (OTCQB:DRUS) released the following letter to its 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:
- 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.
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.
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.
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 “Company”) 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 Company’s 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."