American Rebel Announces New Value Line Safes and Highlights Q1 Results
May 25 2023 - 5:08PM
American Rebel Holdings, Inc. (NASDAQ: AREB) – America’s Patriotic
Brand (the “Company”) proudly announces its intention to introduce
a new value line of safes to respond to strong consumer demand for
safes in the $799, $999, $1,199 and $1,499 price points, in order
of smaller to larger safes respectively. American Rebel, Champion,
Superior and Safe Guard dealers are requesting these value line
safes from the Company to meet the demands of approximately 70% of
the current safe market. Also, a large big-box retailer is
interested in American Rebel 2A Lockers and the Company will make a
product presentation to the retailer in the coming weeks.
American Rebel CEO Andy Ross says manufacturing
a quality safe in the value line price point is important to
provide the safety and security of a quality safe to families
possibly buying their first safe or those seeking a budget friendly
alternative to the Company’s other safes. “It’s vital to have a
quality product available for young families and individuals just
starting out,” says Ross. “They need to have the ability to lock up
their firearms, even if they only have one or two guns in the home.
American Rebel is a strong supporter of the Second Amendment, but
we also promote gun safety and responsible gun ownership. It’s just
doing the right thing so they can be safe inside and outside their
home.” Prototypes of the value line safe are in process and the
Company is working towards completion of the line in the third
quarter.
The Company closed on the acquisition of
Champion Safe on July 29, 2022, which contributed to the Company
growing its Q1 2023 revenue to $4,402,099 compared to $154,080 for
the three months ended March 31, 2022. The Company also reported
its Q1 2023 net loss decreased to $227,055 from a net loss of
$2,628,237 for Q1 2022. To view the complete Form 10-Q for the
period ended March 31, 2023, go to:
https://www.sec.gov/ix?doc=/Archives/edgar/data/1648087/000149315223017266/form10-q.htm.
CEO Andy Ross continues, “We’re very proud of
the progress the Company made during the first quarter and are very
excited for what the future holds for American Rebel. With our
success integrating the Champion acquisition, we’re actively
pursuing several additional acquisition candidates to continue to
grow the Company.”
About American Rebel Holdings,
Inc.American Rebel operates primarily as a designer,
manufacturer and marketer of branded safes and personal security
and self-defense products. The Company also designs and produces
branded apparel and accessories. To learn more, visit
www.americanrebel.com. For investor information, visit
www.americanrebel.com/investor-relations.
Cautionary Note Regarding
Forward-Looking Statements:
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. The Company desires to take advantage of the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 and is including this cautionary statement in
connection with this safe harbor legislation. The words "forecasts"
"believe," "may," "estimate," "continue," "anticipate," "intend,"
"should," "plan," "could," "target," "potential," "is likely,"
"expect" and similar expressions, as they relate to us, are
intended to identify forward-looking statements. We have based
these forward-looking statements primarily on our current
expectations and projections about future events and financial
trends that we believe may affect our financial condition, results
of operations, business strategy, and financial needs. Important
factors that could cause actual results to differ from those in the
forward-looking statements include our ability to raise adequate
working and expansion capital, our ability to efficiently
incorporate acquisitions into our operations, the use of non-GAAP
based pro forma financial estimates, our ability to introduce new
products, our ability to meet production demands, our ability to
expand our sales organization to address existing and new markets
that we intend to target, our ability to meet or exceed financial
and reporting estimates, our ability to effectively manufacture and
sale a new value line of safes, and the Risk Factors contained
within our filings with the SEC, including our Annual Report on
Form 10-K for the year ended December 31, 2022. Any forward-looking
statement made by us herein speaks only as of the date on which it
is made. Factors or events that could cause our actual results to
differ may emerge from time to time, and it is not possible for us
to predict all of them. We undertake no obligation to publicly
update any forward-looking statements, whether as a result of new
information, future developments or otherwise, except as may be
required by law.
SOURCE: American Rebel
Holdings, Inc.
Company
Contact:info@americanrebel.com
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