AMMO, Inc. Expands Distribution Network with Rollout of Product Offerings to Additional 440 Retail Locations Nationwide and 5 New Distributor Partners, Providing the Company with Access to 10,000+ Nationwide Retailers
September 20 2022 - 8:30AM
AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”), the
owner of GunBroker.com, the largest online marketplace serving the
firearms and shooting sports industries, and a leading vertically
integrated producer of high-performance ammunition and components,
announced the rollout of its full portfolio of loaded ammunition,
including its STREAK™ Visual Ammunition, brass casings and munition
components, to an additional 440 retail stores in the first two
quarters of the Company’s fiscal year throughout the U.S. Included
in the rollout were Turner’s Outdoorsman and 5 new distributor
partners.
“The significant increase in demand across the
commercial market has allowed us to further expand AMMO’s
distribution footprint throughout the U.S.,” said Fred Wagenhals,
AMMO’s Chairman & CEO. “Adding distribution is critical to
building our brand in the industry, and I am confident we will
continue to grow our U.S. and international distribution at a rapid
pace throughout the course of this fiscal year.”
Wagenhals added: “As anticipated, we are
consistently receiving increasingly strong interest in our
technologically advanced ammunition from military and law
enforcement channels (domestic and abroad), including our patented
armor piercing and STREAK™ rounds. We continue to expect this
channel to be a fiscal 2023 growth driver.”
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
specialty rounds for military and law enforcement use via
government programs. For more information, please visit:
www.ammo-inc.com.
About GunBroker.com
GunBroker.com 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 “forward-looking
statements” within the meaning of the safe harbor provisions of the
U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements can be identified by words like “may,”
“will,” “likely,” “should,” “expect,” “anticipate,” “future,”
“plan,” “believe,” “intend,” “goal,” “seek,” “estimate,” “project,”
“continue,” and similar expressions. Forward-looking statements are
neither historical facts nor assurances of future performance.
Instead, they are based only on current beliefs, expectations and
assumptions regarding the future of the business, future plans and
strategies, projections, anticipated events and trends, the
economy, and other future conditions. Because forward-looking
statements relate to the future, they are subject to inherent
uncertainties, risks, and changes in circumstances that are
difficult to predict. Actual results and financial condition may
differ materially from those indicated in the forward-looking
statements. Therefore, you should not rely on any of these
forward-looking statements. The risks and uncertainties which
forward-looking statements are subject to include, but are not
limited to: risks related to the separation of our ammunition and
marketplace businesses, including that the process of exploring the
transaction and potentially completing the transaction could
disrupt or adversely affect the consolidated or separate
businesses, results of operations and financial condition, risks
related to AOS not being able to recruit the appropriate members of
its executive management team or board of directors, risks related
to the transaction not being completed in accordance with our
expected plans or anticipated timelines, or at all, risks related
to the transaction not achieving some or all of any of the
anticipated benefits with respect to either business, and risks
related to AOS’s ability to succeed as a standalone publicly traded
company. 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 Current Reports filed on
Form 8-K.
Investor Contact:
Matt BlazeiPhone: (516) 386-0430IR@ammo-inc.com
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