AMMO, Inc. Announces Plans to Provide Crypto Currency Processing Capabilities for GunBroker.com
March 17 2022 - 9:02AM
InvestorsHub NewsWire
AMMO, Inc.
Announces Plans to Provide Crypto Currency Processing Capabilities
for GunBroker.com
SCOTTSDALE,
AZ -- March 17, 2022 -- InvestorsHub NewsWire
-- AMMO, Inc. (Nasdaq: POWW, POWWP) ("AMMO" or the "Company"), 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, today
announced an agreement with Digital Cash Processing to provide
digital payment solutions for transactions on
GunBroker.com
Digital Cash Processing
("DCP"), a unit of Prior Lake, Minnesota-based Innovative Computer
Professionals Inc., is a leading fintech corporation providing
single source solutions for global issuing and acquiring including
ATM, POS, e-commerce and crypto currency processing.
Fred Wagenhals, AMMO Chairman
& CEO, commented upon this exciting business partnership,
noting that "AMMO is taking a significant step forward in our plans
to further leverage the already impressive GunBroker.com
Marketplace platform with our partnership with
DCP.
DCP offers a multitude of
financial services solutions to create faster, more secure payments
and processing systems. GunBroker.com already provides some of the
best-in-class transactional technology, and the addition of premier
digital processing capabilities to the Marketplace not only adds a
new capability, but levels up the entire platform to meet the
demands of an increasingly digital economy. We look forward to the synergies we can
create through this partnership."
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 its own branded munitions, including its patented
STREAK™ Visual
Ammunition, /stelTH/™ subsonic
munitions, and armor piercing rounds for military use. 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 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.
Media
Contact:
Victoria Welch
AMMO, Inc.
(480) 947-0001
vwelch@ammoinc.com
Investor
Contact:
Reed Anderson
ICR
(646) 277-1260
IR@ammo-inc.com
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