AMMO, Inc. Announces Fulfillment on a Seven Figure International Order
May 17 2021 - 8:30AM
AMMO, Inc. (Nasdaq: POWW) (“AMMO” or the “Company”), a premier
American ammunition and munition components manufacturer and
technology leader, is pleased to announce a seven-figure
international ammunition transaction representing revenue the
Company will recognize in this quarter at an approximate 50% gross
profit margin. The Company expects international transactions to
grow to approximately $30 million this year, with this anticipated
business included within the $190 million projected revenue
previously provided.
“Our team and outside trading partners are
continuing to see signs the international market is opening up in
this COVID environment. Calls, indications of interest and purchase
orders continue to rise,” said Fred Wagenhals, AMMO’s Chairman
& CEO. Mr. Wagenhals expanded, further noting that “our team is
reasonably projecting approximately $30 million in international
business this year – which would be a welcome change from last
year. We have and will continue to strategically enhance and
increase our capacity so we remain positioned to capitalize on the
overseas markets fully opening up again.”
About AMMO, Inc.
With its corporate offices headquartered in
Scottsdale, Arizona. AMMO designs and manufactures products for a
variety of aptitudes, including law enforcement, military, sport
shooting and self-defense. The Company was founded in 2016 with a
vision to change, innovate and invigorate the complacent munitions
industry. AMMO promotes branded munitions as well as its patented
STREAK™ Visual Ammunition, /stelTH/™ subsonic munitions, and armor
piercing rounds for military and law enforcement use. For more
information, please visit: www.ammo-inc.com.
About GunBroker.com
GunBroker.com, a wholly owned subsidiary of
AMMO, is the largest online marketplace dedicated to firearms,
hunting, shooting and related products. Aside from merchandise
bearing its logo, GunBroker.com currently sells none of the items
listed on its website. Third-party sellers list items on the site
and Federal and state laws govern the sale of firearms and other
restricted items. Ownership policies and regulations are followed
using licensed firearms dealers as transfer agents. Launched in
1999, GunBroker.com is an informative, secure and safe way to buy
and sell firearms, ammunition, air guns, archery equipment, knives
and swords, firearms accessories and hunting/shooting gear online.
GunBroker.com promotes responsible ownership of guns and firearms.
For more information, please visit: www.gunbroker.com.
Forward Looking Statements
This document contains certain “forward-looking
statements”. All statements other than statements of historical
fact are “forward-looking statements” for purposes of federal and
state securities laws, including, but not limited to, any
projections of earnings, revenue or other financial items; any
statements of the plans, strategies, goals and objectives of
management for future operations; any statements concerning
proposed new products and services or developments thereof; any
statements regarding future economic conditions or performance; any
statements or belief; and any statements of assumptions underlying
any of the foregoing.
Forward looking statements may include the words
“may,” “could,” “estimate,” “intend,” “continue,” “believe,”
“expect” or “anticipate” or other similar words, or the negative
thereof. These forward-looking statements present our estimates and
assumptions only as of the date of this report. Accordingly,
readers are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the dates on
which they are made. We do not undertake to update forward-looking
statements to reflect the impact of circumstances or events that
arise after the dates they are made. You should, however, consult
further disclosures and risk factors we include in Annual Reports
on Form 10-K, Quarterly Reports on Form 10-Q, and Reports filed on
Form 8-K.
Investor Contact:Rob Wiley,
CFOAMMO, Inc.Phone: (480) 947-0001IR@ammo-inc.com
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