$BANT: Bantec Retains Patent Attorney to begin the
Post# of 88789
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LITTLE FALLS, N.J., Sept. 23, 2021 /PRNewswire/ -- Bantec, Inc. (OTCPINK: BANT) (\"Bantec\" or the \"Company\"
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Michael Bannon, Bantec's Chairman and CEO, stated, \"We hired Michael Blake, a patent attorney with decades of experience, to pursue companies infringing upon our patent while simultaneously pursuing licensing agreements with companies interested in avoiding infringement. We have identified a comprehensive list of substantial companies we believe are likely candidates for licensing agreements or infringement action. We intend to approach prospect companies with an eye towards licensing as that is the fastest and most efficient path towards generating revenue streams. In the event that fails, we will pursue infringement actions. We are hopeful that this initiative will begin generating revenue in Q1 of 2022 and become an ongoing source of revenue for years to come.\"
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About Bantec
Bantec, Inc., a product and services company, through its subsidiaries and divisions, sells to facility managers, engineers, maintenance managers, purchasing managers and contract officers who work for hospitals, universities, manufacturers, commercial businesses, local and state governments, and the US government. We intend to grow different business lines, including using the franchise model, that support the customers described above.
Forward-Looking Statements
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 most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission.
Contacts:
Michael Bannon
Chairman & CEO
mike@bantecinc.com
https://c212.net/c/img/favicon.png?sn=IO16831...2021-09-23 View original content:https://www.prnewswire.com/news-releases/bantec-retains-patent-attorney-to-begin-the-process-of-monetizing-its-us-patent-10-147-067-drone-operated-package-delivery-receptacle-301384003.html
SOURCE Bantek Inc.
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