U.S. markets open in 7 hours 18 minutes

RedHawk Appoints Dolphin Medical as Exclusive SANDD™ Distributor for Five Gulf Coast States

LAFAYETTE, Louisiana, March 23, 2020 /PRNewswire/ -- RedHawk Holdings Corp. (OTC: SNDD) ("RedHawk" or the "Company"), a diversified holding company engaged primarily in sales and distribution of medical devices, announced today that it has entered into an agreement (the "Agreement") with Florida-based Dolphin Medical LLC ("Dolphin") for the exclusive distribution of RedHawk's line of needle incineration devices ("SANDD™") for the States of Alabama, Georgia, Mississippi, Tennessee and portions of Florida (collectively "the Territories"). Under the Agreement, Dolphin has committed, among other things, to purchase annually from RedHawk for resale in the Territories, 6,000 SANDD mini™, SANDD HP™ or SANDD FR™ needle incineration devices, 2,000 SANDD Pro™ needle incineration devices and certain other medical supplies. The Agreement provides that RedHawk will sell the SANDD™ devices to Dolphin at list price less a customary distributor discount. Certain volume discounts are also available to Dolphin.

Sales to Dolphin commenced in March 2020 to assist RedHawk satisfy increased product demand.

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, including risks and uncertainties related to economic conditions and changes in market conditions. 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
+1-(337)-269-5933
darcy.klug@redhawkholdingscorp.com

Investor Relations:
Stephanie Prince, Managing Director
PCG Advisory
+1-(646)-762-4518
sprince@pcgadvisory.com

Media Contact:
Valerie Allen
Valerie Allen Public Relations
+1-(310)-382-7800
valerie@valerieallenpr.com

 

Cision

View original content:http://www.prnewswire.com/news-releases/redhawk-appoints-dolphin-medical-as-exclusive-sandd-distributor-for-five-gulf-coast-states-301028246.html

SOURCE RedHawk Holdings Corp.

  • Tesla to Cut Pay as Much as 30% While Virus Idles Production
    Business
    Bloomberg

    Tesla to Cut Pay as Much as 30% While Virus Idles Production

    Tesla Inc. will temporarily cut employee salaries by as much as 30% starting Monday to save costs while the coronavirus pandemic forces the company to shut down some operations. In the U.S., those ranked vice president or above will see the steepest salary reductions, followed by a 20% cut for directors, and 10% for everyone else, according to an internal memo seen by Bloomberg.

  • Billionaire Steven Cohen Picks up These 2 Stocks on the Dip
    Business
    TipRanks

    Billionaire Steven Cohen Picks up These 2 Stocks on the Dip

    The Point72 Chairman and CEO has earned a reputation as one of the most successful stock pickers, with his firm relying on a core hedge fund strategy that features stock market investments. Less frequently, Point72, which is based in Stamford, Connecticut, will make plays based on macro trends, placing global wagers on several asset classes at the same time. With Cohen earning an estimated $1.3 billion in 2019 after the firm's main hedge fund posted a 14.9% gain, it's no wonder market watchers follow his moves religiously.

  • Goldman analyst who predicted the coronavirus would kill the bull market says ‘risk to the downside is greater’ despite Dow’s recent rally
    Business
    MarketWatch

    Goldman analyst who predicted the coronavirus would kill the bull market says ‘risk to the downside is greater’ despite Dow’s recent rally

    That's quite a range of outcomes from Goldman but speaks to the uncertainty surrounding the economy and the markets once they reach the aftermath of the COVID-19, which is still wreaking havoc on domestic and global economies due to forced shutdowns of business and personal activity intended to mitigate the spread of the deadly coronavirus pathogen. The disease, which was first identified in China in December, has infected nearly 1.4 million people and killed nearly 80,000 world-wide, according to data aggregated by Johns Hopkins University, has resulted in some 10 million jobs lost over the past two weeks and has likely pushed the unemployment rate in the U.S., which stood near a 50-year lo...

  • Why Is Warren Buffett Ignoring the Coronavirus Market Dip?
    Business
    Worth

    Why Is Warren Buffett Ignoring the Coronavirus Market Dip?

    Investors are beginning to speculate what is Berkshire Hathaway CEO Warren Buffett going to buy. After all, it is Buffett who said “…be greedy only when others are fearful.” Market commentators turned bleaker every day, while the S&P 500 kept tumbling lower and lower, apart from brief periods of brutal volatility.

  • The Stock Market Has Become One Big Value Trap
    Business
    Bloomberg

    The Stock Market Has Become One Big Value Trap

    The problem is that many analysts have held off slashing their profit estimates, deciding to wait until they hear from company executives when the first-quarter earnings reporting season begins in a few weeks. Bloomberg News reports that Keith Parker, UBS AG's head of equity strategy, calculates that many firms hadn't updated their forecasts on individual company earnings for weeks. DEBT RULES THE WORLDGovernments globally are stepping up their debt issuance to raise cash to support their economies during the coronavirus pandemic.

  • Family of a Walmart employee who died from COVID-19 files lawsuit
    Business
    WLS – Chicago

    Family of a Walmart employee who died from COVID-19 files lawsuit

    The family of a Walmart employee who died from COVID-19 is now suing the retailer.

  • Amazon to suspend delivery service competing with UPS, FedEx
    Business
    Reuters

    Amazon to suspend delivery service competing with UPS, FedEx

    The online retailer told customers that the service, Amazon Shipping, will be paused starting in June, according to the Wall Street Journal, which was first to report the change. Amazon is suspending the service because it needs people and capacity to handle a surge in its own customers' orders, the Journal reported, citing sources. "We regularly look at a variety of factors across Amazon to make sure we're set up in the right way to best serve our customers," an Amazon spokesperson told Reuters in an email confirming the halt in service.

  • Waiting for a stock-market bottom is ‘folly,’ says billionaire Howard Marks: ‘If something’s cheap…you should buy’
    Business
    MarketWatch

    Waiting for a stock-market bottom is ‘folly,’ says billionaire Howard Marks: ‘If something’s cheap…you should buy’

    Howard Marks isn't waiting for a bottom as the stock market attempts to recover from a brutal, coronavirus-inspired selloff that hit rock bottom on March 23. In a recent memo, titled “Calibrating,” he said that the chances are high that the Dow Jones Industrial Average (DJIA) , which fell as low as 18,974.10 about two weeks ago, the S&P 500 index (SPX) , which sank to 2,281.64, and the Nasdaq Composite Index (COMP) which touched a low of 6,897.84, will slip below those recent nadirs. In 15 bear markets since 1950, only one did not see the initial major low tested within three months…In all other cases, the bottom has been tested once or twice.

  • Trump’s personal stake in the malaria-drug maker Sanofi could be as small as $99
    News
    MarketWatch

    Trump’s personal stake in the malaria-drug maker Sanofi could be as small as $99

    As President Donald Trump has persistently discussed the malaria drug hydroxychloroquine, critics have wondered about his motivation, given the drug's far-from-certain performance on the global stage as a treatment for coronavirus, and the Food and Drug Administration's refusal so far to approve it as a treatment for COVID-19. The New York Times says Trump has a “small personal stake” in Sanofi, the French drug manufacturer that produces the drug. The report doesn't say how small, but it notes that his three family trusts have investments in a Dodge & Cox mutual fund whose largest holding is Sanofi.

  • 8 Dividends In Danger Of Being Cut
    Business
    Benzinga

    8 Dividends In Danger Of Being Cut

    The sell-off has driven dividend yields of a number of S&P 500 stocks to their highest levels in years. But as attractive as a double-digit dividend may seem on the surface, a dividend is only as good as the company paying it. The quickest way to assess the reliability of a dividend is to look at a company's payout ratio.

  • Is the Dow staging a genuine rebound? Here’s what experts think as the stock market attempts to shake the bearish grip of the coronavirus pandemic
    Business
    MarketWatch

    Is the Dow staging a genuine rebound? Here’s what experts think as the stock market attempts to shake the bearish grip of the coronavirus pandemic

    See: Vodka, saunas and resisting lockdown — the countries taking a different approach to the coronavirus “We are finally seeing U.S. COVID-19 new case numbers responding to social distancing — certainly in New York state but also elsewhere,” wrote analysts at BofA Global Research in a note. On top of that, central banks and governments across the globe are throwing out what amounts to trillions of dollars to help stanch the economic damage resulting from efforts to mitigate infections and treat those sickened by the illness derived from the novel strain of coronavirus.

  • Luckin May Put Lasting Stain on China Inc. Listings
    Business
    Bloomberg

    Luckin May Put Lasting Stain on China Inc. Listings

    Shares in the company — whose $645 million IPO was the second largest in the U.S. by a Chinese firm in the last 12 months — have swooned 74%. Suddenly, Chinese companies' opaque numbers are dinner-table conversation again, with the scandal sending other listings from the nation into a tailspin and threatening to close off the overseas market for new issuers. After short sellers such as Muddy Waters, which bet against Luckin,  spotted Toronto-listed Sino-Forest's overstated timber assets in 2011, Chinese listings in the U.S. evaporated.

  • U.S. pushes back on call by OPEC+ to join big oil output cuts
    Business
    Reuters

    U.S. pushes back on call by OPEC+ to join big oil output cuts

    Saudi Arabia, Russia and allied oil producers will agree to deep cuts to their crude output at talks this week only if the United States and several others join in with curbs to help prop up prices that have been hammered by the coronavirus crisis. Global oil demand has dropped by as much as 30%, or about 30 million barrels per day (bpd), as measures to reduce the virus' spread have caused demand for jet fuel, gasoline and diesel to crash. While Saudi Arabia, Russia and other members of the group known as OPEC+ have expressed willingness to return to the bargaining table, they have made their response conditional upon actions by the United States and other countries that are not members of OPEC.

  • Nvidia Reverses From Buy Zone
    Business
    Investor's Business Daily Video

    Nvidia Reverses From Buy Zone

    Nvidia jumped above a 275.50 cup-with-handle buy point at the open, but reversed lower. Looks like it'll try to hold 50-day line. Example of why it's good to wait 30/60 minutes after open to see how stock

  • Business
    TheStreet.com

    The Average 401(k) Balance by Age

    Average 401(k) Balance by Age Here are the average 401(k) balance by age range as of the second quarter of 2019, according to data released by Fidelity Investments. Ages 20-29 The average 401(k) balance was $11,800 The median 401(k) balance was $4,300 The average contribution rate was 7% of compensation Ages 30-39 The average 401(k) balance was $42,400 The median 401(k) balance was $16,500 The average contribution rate was 7.8% of compensation Ages 40-49 The average 401(k) balance was $102,700 The median 401(k) balance was $36,000 The average contribution rate was 8.5% of compensation Ages 50-59 The average 401(k) balance was $174,100 The median 401(k) balance was $60,900 The average contrib...

  • Coronavirus crisis will leave 3 lasting scars, even if the economy recovers in fourth quarter, Pimco warns
    Business
    MarketWatch

    Coronavirus crisis will leave 3 lasting scars, even if the economy recovers in fourth quarter, Pimco warns

    The U.S. economy is in the midst of one of the deepest, most painful recessions the country has ever seen, but, as long as the pieces fall into place, it could also prove to be one of the shortest, according to a blog post from Joachim Fels, global economic adviser at Pimco. “Unlike previous recessions, usually caused by the interplay of economic and financial imbalances, interest rate hikes, or oil price spikes, the trigger of the present crisis is an exogenous shock,” he wrote. “We are seeing the first-ever recession by government decree — a necessary, temporary, partial shutdown of the economy aimed at preventing an even larger humanitarian crisis.”

  • Iran doesn't agree with OPEC+ meet without clear outcome - minister
    Business
    Reuters

    Iran doesn't agree with OPEC+ meet without clear outcome - minister

    Iran does not agree with holding any OPEC+ meeting in the absence of a clear proposal and expected outcome from such talks for the oil market, its oil minister said in a letter to OPEC and seen by Reuters. "The vague circumstances around which the upcoming OPEC and non-OPEC ministerial (meeting) is being organised is of grave concern to me," the minister, Bijan Zanganeh, wrote in the letter dated April 7 and addressed to the Algerian oil minister, who holds the presidency of OPEC.

  • Tesla to furlough workers, cut employee salaries due to coronavirus
    Business
    Reuters

    Tesla to furlough workers, cut employee salaries due to coronavirus

    Tesla Inc told employees on Tuesday it would furlough all non-essential workers and implement salary cuts during a shut down of its U.S. production facilities because of the coronavirus outbreak. Tesla said it planned to resume normal operations on May 4, barring any significant changes, according to an email sent to U.S. employees by in-house counsel Valerie Capers Workman, which was viewed by Reuters. The company, which suspended production at its San Francisco Bay Area vehicle and New York solar roof tile factories on March 24, said in the email the decisions were part of a broader effort to manage costs and achieve long-term plans.

  • Germany's Lufthansa retires Boeing 747-400 jets in blow to Queen of the Skies (Photos)
    Business
    American City Business Journals

    Germany's Lufthansa retires Boeing 747-400 jets in blow to Queen of the Skies (Photos)

    Germany's flagship airline, Lufthansa, is retiring its five Boeing 747-400 passenger jets as the carrier restructures its global business, saying it expects significant global travel declines even after the COVID-19 pandemic ends. Lufthansa's board unveiled the decision this morning after its members carefully reviewed future prospects for the global travel market. In a statement, Lufthansa said its directors carefully assessed the global travel market since the pandemic exploded around the world and travel restrictions were imposed by the U.S. and other governments.

  • World
    Bloomberg

    Virus May Linger for Two Years; Deaths Pass 82,000: Virus Update

    An infectious diseases expert says the coronavirus likely will be around for two years, and a vaccine likely won't be available in large amounts for 18-24 months. Hong Kong and Singapore tightened restrictions on public and private gatherings in efforts to limit a potential spike in cases. Key Developments: Expert: Virus Likely to Be Around for Two Years (1:54 pm HK) The coronavirus likely will be around for at least two years, which means the measures being implemented to curb its spread may be in place for a while, an infectious diseases expert said.

  • Your stimulus check is coming – Here are the do's and don'ts
    Business
    Fox Business

    Your stimulus check is coming – Here are the do's and don'ts

    The Treasury Department and the IRS said last week that stimulus checks will be distributed in the next three weeks, deposited automatically for most people. The stimulus checks are intended to stimulate the economy, but that doesn't necessarily mean you should spend yours right away. 1. If you are still working but don't have a three-month emergency fund: Save your stimulus check.

  • Business
    Bloomberg

    Ray Dalio Still Thinks ‘Cash Is Trash’ as Printing Presses Roll

    “Please remember that while it doesn't move around in value as much as other assets, there is a costly negative return to it,” the billionaire investor said during a Reddit Ask Me Anything event on Tuesday. “Having the world's printing press to produce the world's currency is the equivalent of having the world's most important asset, especially in times when so many people need the world's money,” he wrote before noting that what people ultimately value is health, education and being able to take care of family. Other Key Quotes:“We are now in an era of the most massive MP3/helicopter money monetary stimulation since WWII.”“I believe that increasingly there will be questions by bondholders who are receiving negative real and nominal interest rates while there is a lot of printing of money about whether the debt assets they are holding are good storeholds of wealth.”“I think that pursuing peace and savoring life, rather than fighting over wealth and power, is much wiser.”

  • 20 technology stocks with low debt to consider owning in a down market
    Business
    MarketWatch

    20 technology stocks with low debt to consider owning in a down market

    a href="https://www.marketwatch.com/story/20-technology-stocks-with-low-debt-to-consider-owning-in-a-down-market-2020-04-02? siteid=yhoof2" (FTNT) 2.2% -16% -6% 52% 12/31/2019 Computer Communications IPG Photonics Corp.

  • Business
    TheStreet.com

    Cash Is King? Jim Cramer on Market Rally, Coronavirus

    The market rally is still going strong, with the major indices surging at the open. Stocks jumped Tuesday following the S&P 500's highest close since March 13 on continued optimism that major economies across the globe were seeing signs the coronavirus pandemic could be slowing. Indications that the rate of the death toll from the coronavirus and new infections may be hitting their peak boosted U.S. equities on Monday.

  • Bankers to small businesses: Don't do these things if you want to qualify for SBA loan relief program (PPP)
    Business
    American City Business Journals

    Bankers to small businesses: Don't do these things if you want to qualify for SBA loan relief program (PPP)

    A borrower can ask the SBA to forgive the loan and the interest if workers are not laid off. While community banks account for the majority of the 1,900 lenders that have processed PPP applications, interest from big banks customers are setting new records. Steve Jones, chief executive officer of Dogwood State Bank, one of North Carolina's newest community banks, said the bank has processed about 300 applications since Friday totaling about $80 million for an average of about $267,000 per borrower.