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Sunday, November 29, 2020

Drone USA Inc (OTCMKTS: DRUS) Moves to Increase Market Footprint

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Drone USA Inc (OTCMKTS: DRUS) is one stock that has frustrated investors of late, but the potential for growth is always lurking. DRUS was once trading near a dime and a precipitous fall derailed a dynamic story. The company clearly understands their own potential and they are starting to do something about it. DRUS is creating a customer-friendly e-commerce site to increase their footprint in the market. The website is hoping to let the various organizations who rely on drones easy access to sales and information. DRUS is really making strides toward pioneering drones for the government service industry.

Michael Bannon, CEO of DRUS, added, “We are extremely excited about our new Drone USA website and online store, which will be exclusive to law enforcement, firefighters, security companies and the U.S. Government. Hudson Integrated, our new digital agency, started building our new site in February, and it is almost completed and looks fantastic. The Hudson team is made up of web designers, developers, and marketing experts. They are incredibly talented individuals and I am consistently blown away by their work. We believe that the Drone USA website will be the best in the industry.”

Drone USA Inc (OTCMKTS: DRUS) casts itself as a company that focuses on the research, design, development, testing, manufacture, distribution, export, and integration of advanced low altitude unmanned aerial vehicles systems, services, and products. It offers quadcopter and fixed-wing unmanned aerial vehicles to government and commercial markets.

The company, through its subsidiary, HowCo Distributing Co., also provides product procurement, distribution, and logistics services to the United States Department of Defense and Defense Logistics Agency. In addition, it provides drone operator training services; and licensed piloted services, such as search and rescue, utility inspection, real estate marketing, construction, engineering, and agriculture. Further, the company offers spare and replacement parts to various federal government agencies, the U.S. military prime contractors, and commercial customers worldwide.

Drone USA, Inc. is headquartered in West Haven, Connecticut.

According to company materials, “Headquartered at 16 Hamilton Street, West Haven CT, Drone USA is everything drone for U.S. Law Enforcement, Fire Fighters, U.S, Industry and the U.S. Government… Drone USA, Inc. (OTCQB: DRUS), headquartered in West Have, CT., is a service provider, manufacturer and reseller of drones and distributor of products to the U.S. Government. Our competitive advantage stems from offering superior service, high quality products and establishing and maintaining life-long customer friendships. Our primary markets U.S. police, firemen, U.S. industry and the U.S. Government.”

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DRUS is coming off a slew of nice government deals. The company was awarded Kentucky’s statewide drone program assisting with mapping, security and providing environmental support. DRUS’ new e-commerce platform combines with the company’s growing distribution centers.

The stock has been showing fight with a more than 60% jump over the course of a month; however, as soon as you think DRUS has turned the corner they seem to bottom out albeit slightly. If the stock can overcome the $0.015 handle, then investors should be paying close attention as an accumulation may be coming.

At this time, carrying a capital value in the market of $2.66M and a float of 43.33M, DRUS is seeing strong volume underneath all this. The stock has seen 10-day volume of 42.93M and the stock is showing a nice jump of +20% for the day. As more news come out, we will review the situation and update our take. Sign-up for continuing coverage on shares of $DRUS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $DRUS, either long or short, and we have not been compensated for this article.

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