AMMO, Inc. Announces Richard Childress, NASCAR Hall of Fame Member and Former NRA Director, Has Joined its Board of Directors...
January 20 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 that Richard Childress,
owner of Richard Childress Racing, has joined AMMO’s Board of
Directors.
Former National Rifle Association (“NRA”) Board
First Vice President and NASCAR driver, owner of Richard Childress
Racing and Childress Vineyards and 2017 NASCAR Hall of Fame
inductee, joined the Company’s Board effective January 19, 2021.
“Richard brings more than five decades of incredibly successful
business experience to our team, coupled with an unparalleled and
well-earned national reputation based upon his stalwart support of
our 2nd Amendment rights, service to the industry via the NRA and a
host of other local, regional and national hunting, shooting and
conservation organizations,” said AMMO’s Chairman and CEO, Fred
Wagenhals. Mr. Wagenhals continued, noting that “our Board,
management team and shareholders will experience the same
excitement in having Richard as a part of our team that I have over
my 30yr business experience with him. He is a visionary with
decades of leadership experience, excelling in everything he has
done in his professional career and personal life.”
With the need to devote more time to his
expanding world class firearms’ components manufacturing business,
Luth-AR, LLC (www.luth-ar.com), Randy Luth has announced the need
to step down from the Company’s Board effective January 19, 2021.
After selling D.P.M.S./Panther Arms in 2007, Mr. Luth started
Luth-AR in 2013 to leverage and deploy his design, engineering and
machine expertise to a new business endeavor. “Randy has helped us
advance the ball more than he knows and we will forever be in his
debt,” said Mr. Wagenhals. Mr. Luth commented that “I feel
exceedingly confident and secure in the AMMO team under the
guidance of its current management team and Board – and that
confidence is only elevated by the announcement that my friend,
Richard Childress, has joined AMMO’s Board.”
About AMMO, Inc.
With its corporate offices headquartered in
Scottsdale, Arizona. AMMO, Inc. (the “Company and/or 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 use. For more information please
visit: www.ammo-inc.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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