REDHAWK ANNOUNCES RECENT ESCALATION IN NEW ORDERS OF MEDICAL DEVICES & SUPPLIES
02 Avril 2020 - 7:30PM
InvestorsHub NewsWire
REDHAWK
ANNOUNCES RECENT ESCALATION
IN
NEW ORDERS OF
MEDICAL DEVICES & SUPPLIES
LAFAYETTE, LA -- April 2,
2020 -- InvestorsHub NewsWire
-- RedHawk
Holdings Corp.
(OTC:
SNDD) ("RedHawk" or the
"Company"), a diversified holding company primarily engaged in sales and
distribution
of
medical
devices, announced today
that
incoming
order
demand
for
its
medical
devices and
supplies increased significantly during
the last
two weeks of
March 2020 resulting in new order backlog in excess of
$600,000
as of March 31,
2020,
exclusive of the minimum number of contractually obligated
orders
from its
distributor,
Dolphin Medical LLC. The Company also said the
March 31,
2020 backlog
of new orders is projected to be delivered to customers and recognized as
revenue in accordance with Generally Accepted
Accounting
Principles during the three month period
ending June 30, 2020.
The
new
medical device and
supplies orders are for the
SANDD mini™, the Company's FDA-approved and OSHA
compliant
needle incineration device, the Company's line of digital non-contact
thermometers
and the
Company's newly offered
KN95
masks. The Company said this surge in new orders was the result of increased product demand caused primarily
by
the
COVID-19
virus, and such increased
demand is expected to
continue
into the three month period ending
June 30,
2020.
# # #
About RedHawk Holdings Corp.
RedHawk Holdings Corp.,
formerly Independence Energy Corp., is a
diversified holding company which,
through its subsidiaries, is
engaged in the sales and
distribution of medical
devices, sales of
branded generic pharmaceutical
drugs, commercial real estate
investment and leasing,
sales of point of entry full-body
security systems, and specialized
financial services.
Through its medical
products business unit, the
Company sells the Sharps
and Needle Destruction Device
(SANDD™), WoundClot
Surgical - Advanced Bleeding
Control, and the
Carotid Artery Digital
Non-Contact Thermometer. Through our United
Kingdom based subsidiary,
we manufacture and market
branded generic
pharmaceuticals. RedHawk
Energy holds the exclusive U.S.
manufacturing and distribution rights for
the Centri Controlled
Entry System, a unique, closed cabinet,
nominal dose transmission full-body
x-ray scanner. For
more information, please visit: http://www.redhawkholdingscorp.com
Cautionary Statement Regarding
Forward-Looking
Statements
This release may contain forward-looking
statements. Forward-looking statements
are all statements other
than statements of historical
fact. Statements contained in this
release that are not
historical facts may be deemed to be
forward-looking
statements. The words "anticipate,"
"may," "can," "plans," "believes,"
"estimates," "expects,"
"projects," "targets,"
"intends," "likely," "will,"
"should," "to be," "potential" and any
similar expressions are
intended to identify those
assertions as
forward-looking statements.
Investors are cautioned that forward-looking
statements are inherently
uncertain. Actual
performance and results may
differ materially from that projected or
suggested herein due
to certain risks and uncertainties.
In evaluating
forward-looking statements, you should
consider the various factors which may cause
actual results to differ
materially from any
forward-looking statements including
those listed in the "Risk Factors"
section of our latest 10-K report.
Further, the
Company may make changes to its business
plans that could or will affect its
results. Investors are
cautioned that the
Company will undertake
no obligation to update any forward-looking
statements.
Company
Contact:
G. Darcy
Klug, Chairman,
CEO and CFO
(337)
269-5933
darcy.klug@redhawkholdingscorp.com
Investor
Relations:
Stephanie
Prince, Managing Director
PCG Advisory
(646) 762-4518
sprince@pcgadvisory.com
Media
Contact:
Valerie
Allen
Valerie Allen
Public Relations
(310)
382-7800
valerie@valerieallenpr.com
RedHawk (CE) (USOTC:SNDD)
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