AMMO, Inc. (OTC:POWW), a premier American ammunitions developer,
manufacturer and distributor, today announced it has appointed two
highly accomplished, senior business executives to its Board of
Directors: Russell William “Rusty” Wallace, Jr., and James C.
Czirr.
Russell William "Rusty" Wallace, Jr. is a retired NASCAR
legend. For over 30 years, Rusty delighted racing fans not only
with his hard-nosed and aggressive approach to racing, but also
with a personality and charisma that are unmatched in the sport.
Currently, he serves as Lead Analyst for MRN Radio -- the Voice of
NASCAR -- where he is heard on more than 700 affiliates nationwide,
as well as on SiriusXM Radio. Mr. Wallace is also the principal
stakeholder in the Rusty Wallace Automotive Group, a collection of
eight automotive dealerships located in eastern Tennessee.
NASCAR is second to the National Football League among
professional sports franchises in terms of television viewers and
fans in the United States. Internationally, its races are broadcast
on television in over 150 countries.
James C. Czirr brings over 40 years’ successful experience as an
accomplished entrepreneur and corporate development executive.
Currently, he serves as President of Sterling Pacific NW, LLC, a
financial advisory firm, sits on the Board of two public companies
and advises several others. He has a long track record of
successful executive roles and consulting ventures building young
companies in the public capital markets.
Commenting on the Company’s two new Board appointments, AMMO
CEO, Fred W. Wagenhals said, “Rusty is a NASCAR Hall of Famer who
brings important, deep industry relationships and insight into the
true American sportsman and sportswoman consumer marketplace – our
primary target audience.
“Jim has an exceptionally distinguished and prolific career in
corporate finance and capital markets, working with developmental
stage companies to build them into listed, highly successful public
companies.
“I am delighted for both gentlemen to join me on the AMMO
Board,” Mr. Wagenhals concluded. “I am confident both will provide
strong value added guidance as we grow AMMO into a premier, major
player in the global ammunition business.”
Russell William "Rusty" Wallace, Jr.
Biography
Russell William "Rusty" Wallace, Jr. is a retired American
racing driver. For over 30 years, racing legend Rusty Wallace has
delighted racing fans not only with his hard-nosed and aggressive
approach to racing, but also with a personality and charisma that
are unmatched in the sport.
Mr. Wallace was 1989 NASCAR Cup Series Champion, 1984 Rookie of
the Year and 55-time Cup Series race winner. He will go into
history as one of NASCAR’s finest drivers. For 16 straight seasons,
Mr. Wallace won at least one race in NASCAR’s Cup Series, marking
the third-longest such streak in history. At the time of his
retirement in 2005, Wallace’s 55 victories marked the eighth-best
all-time total and his nearly 20,000 laps led ranked seventh
all-time.
Mr. Wallace’s on-track success was not limited just to NASCAR,
however; he is also a former winner of the International Race of
Champions (IROC). In 1991, he bested many of the world’s greatest
drivers for the series title, becoming the only driver in history
to win three of the series’ four events in a single season.
Mr. Wallace’s accomplishments both on and off the track have
been widely recognized. He is a member of the NASCAR Hall of Fame,
the International Motorsports Hall of Fame, the National
Motorsports Press Association (NMPA) Hall of Fame and the
Motorsports Hall of Fame of America.
As one of the main protagonists during NASCAR’s meteoric
commercial rise of the 1990s and 2000s, Wallace is often credited
as being one of the catalysts behind the mainstream appeal the
sport enjoys today. At the NASCAR awards ceremony in 2005, he was
presented the NMPA Myers Brothers Award, given for outstanding
lifetime contributions to the sport of stock car racing.
Mr. Wallace’s more recent undertakings have allowed him to
continue putting his vast knowledge and charismatic personality to
work. In 2006, he was named Lead Auto Racing Analyst for ABC and
ESPN, providing analysis for the networks’ 2006 and 2007 broadcasts
of the Indianapolis 500. He went on to headline the networks’
return to NASCAR in 2007 and maintained that role through their
exit from the sport at the end of the 2014 season. Currently,
Wallace serves as Lead Analyst for MRN Radio—the Voice of
NASCAR—where he is heard on more than 700 affiliates nationwide, as
well as on SiriusXM Radio.
In addition to his racing analysis, Mr. Wallace remains an
active competitor as owner of Rusty Wallace Racing, which has
fielded entries in the NASCAR Cup Series and NASCAR Xfinity
Series.
Rusty is also active in other business pursuits. In 2005, he
became the first driver in recent history to design a professional
racing facility, when he inked the plans for the 7/8-mile Iowa
Speedway. The facility opened to rave reviews and currently hosts
rounds of the NASCAR Xfinity Series, the NASCAR Camping World Truck
Series and the IRL Indycar Series. Mr. Wallace is also a
sought-after public speaker and the principal stakeholder in the
Rusty Wallace Automotive Group, a collection of eight automotive
dealerships located in eastern Tennessee.
Aside from his business interests, Wallace is also a board
member of The NASCAR Foundation—the sport’s foremost charity
initiative. In that role, he serves on the Foundation’s development
committee, charged with fundraising for the foundation’s mission of
helping children live, learn and play.
James C. Czirr BiographyJames
C. Czirr brings over 40 years’ successful experience as an
accomplished entrepreneur and corporate development executive.
Currently, he serves as President of Sterling Pacific NW, LLC, a
financial advisory firm, and sits on the Boards of Directors of
True Nature Holding (OTC:TNTY) and Galectin Therapeutics
(NASDAQ:GALT).
From 2005 to 2008, he served as CEO of Minerva Biotechnologies
Corporation, rescuing it from bankruptcy. Minerva is a
developer of nano particle bio-chips and the owner of pivotal stem
cell technology that promises to play a key role in the development
and implementation of stem cell therapies.
Previously, he co-founded what is now Galectin Therapeutics
(NASDAQ:GALT) (previously Pro-Pharmaceuticals) in 2000, where he
orchestrated its financing and uplisting on the American Stock
Exchange. During his tenure in charge of that company’s capital
market strategy, the stock rose from an OTC low of $0.50 to over
$18. Mr. Czirr became a Series B Director and Executive Chairman of
the Board of Directors in 2009, a position that he held until 2016.
Prior, Mr. Czirr was instrumental in the corporate development
of Safe Science Inc., a developer of anti-cancer drugs and drug
development tools he served from 1995 to 1999 helping that company
raise approximately $30 million in capital and advance its science
toward commercialization.
Previously, Mr. Czirr consulted with the Software Revolution, a
private company that owns proprietary software for converting
legacy system software, such as COBOL to Java. He arranged the
capital raises, and provided guidance to successfully complete the
software tools and become a profitable business. The Software
Revolution and its management were recognized by industry experts
with some of that industry’s most prestigious awards.
Earlier, he was a consultant and Director of Metalline Mining
Company Inc., where he negotiated a joint venture with Penoles, the
Mexican mining company that was, at the time, the largest producer
of silver in the world. Mr. Czirr organized the capital and
market support for Metalline to develop 4.6 billion lbs. of zinc
and 91 million ounces of silver resources -- enabling it to trade
on NYSE Alternext and attract a new, world class management team
and subsequently be renamed Silver Bull Mining.
Prior, he was a founding member of and a licensed representative
of Richard Christman Lavigne, a brokerage house in Spokane,
WA. There, he participated in investment banking syndicates
raising money for small cap companies. Previously, he founded and
managed Czirr Financial Planning and was one of the early
professionals to obtain a CFP designation. He has held
licenses for real-estate, securities (Series 7), Life & Health
insurance.
He began his career in sales management as an award winning exec
with, what was then widely acknowledged as one of the world’s
premier sales organization, Procter and Gamble.
Mr. Czirr earned a B.B.A. degree from the University of Michigan
were he distinguished himself as the only unanimous All Conference
Football Player in the Big Ten Conference, per the Big Ten Coaches
selection process.
About AMMO, Inc. AMMO, Inc. (OTC:POWW),
with corporate offices headquartered in Scottsdale, Arizona, and
manufacturing facility in Payson, Arizona, designs and manufactures
products for law enforcement, military, hunting, sport shooting and
self-defense (www.ammo-inc.com). AMMO, Inc. was founded in 2016
with a vision to change, innovate and invigorate the complacent
munitions industry. AMMO promotes branded munitions, including the
Jesse James line of munitions and accessories; SHIELD Series
munitions for Law Enforcement, stealth subsonic munitions, and the
OPS (One Precise Shot) the tactical line of defense line of
munitions.
Forward Looking StatementsThis release may
contain forward-looking statements. Actual results may differ from
those projected due to a number of risks and uncertainties,
including, but not limited to, the possibility that some or all of
the matters and transactions considered by the Company may not
proceed as contemplated, and by all other matters specified in the
Company's filings with the Securities and Exchange Commission.
These statements are made based upon current expectations that are
subject to risk and uncertainty. The Company does not undertake to
update forward-looking statements in this news release to reflect
actual results, changes in assumptions or changes in other factors
affecting such forward-looking information. Assumptions and other
information that could cause results to differ from those set forth
in the forward-looking information can be found in the Company's
filings with the Securities and Exchange Commission (www.sec.gov),
including its recent periodic reports.
Investor/Media Contact
Bill Miller, Senior VP
Investor Relations Partners
Phone: (844) 565-5665
bmiller@irpartnersinc.com
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