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AMMO, Inc.ย Experiencing Growth of its Omni-Channel Distribution Platformย
ย SCOTTSDALE, AZ,ย Mayย 14, 2019ย (GLOBE NEWSWIRE) โ AMMO, Inc. (OTCQB: POWW), a technology leader and premier American ammunitions manufacturer,ย todayย announced recent expansions to itsย distributionย within the Companyโsย Commercialย division.ย ย
AMMO, Inc.โs Commercial divisionย continuesย to expandย the distribution of itsย innovative and patentedย STREAKโข Visual Ammunitionย through itsย omni-channel strategyย focusingย onย productย placementsย among itsย growing roster ofย retail, e-commerceย and distributionย accounts.ย The Company expanded its placement to an additionalย 40 Dunhamโs Sporting Goods locations so far this yearย andย just recentlyย added SGAmmo.com, aย leadingย e-commerce retailer.ย ย Existing e-commerce retailers such asย Sportsmanโs Guide and Ammunitionย Depot are seeing increased sell–through rates onย theย STREAKย product line.ย ย As a resultย ofย theirย success,ย theyย have recently expanded their SKU assortments to includeย AMMO, Inc.โsย Signatureย lineย ofย products to theirย offerings.ย
ย โOur STREAK ammunition continues to resonate with consumers due to its innovative visual attributes and uncompromising quality.ย Our team is working hard to ensure shooting sports enthusiasts everywhere have access to our unique products at their retailer of choice.ย This focus has resulted in continued conversion of new accounts.ย As a result,ย we are pleased to report that weโve increased retail distribution by over 100% since the beginning of the year, building on the momentum we realized at SHOT Show earlier this year,โ commentedย Mark Hanish,ย President of Global Commercial Sales and Marketing.ย
The Company continues to expect consolidated revenue of approximately $50 million dollars forย itsย fiscalย year ending March 2020.ย ย
ย About AMMO, Inc.ย
AMMO, Inc. designs and manufactures products for a variety of aptitudes, including law enforcement, military, hunting, sportย shooting and self-defense. The Companyย was foundedย in 2016 with a vision to change, innovate and invigorate the complacent munitions industry. AMMO promotes branded munitions, including its patented STREAKโขย Visual Ammunition, the Jesse James line of munitions and accessories, /stelTH/ subsonic munitions,ย O.W.L. Technologiesยฎ,ย TAC-PTMย Tactical Precisionย Defenseย munitions,ย and OPS (One Preciseย Shot) a lead-free frangible tactical line of munitions for self-defense.ย The Companyโsย corporate officesย areย headquartered in Scottsdale, Arizona,ย andย operatesย a munitionsย manufacturing facilitiesย in Payson, Arizona,ย as well as a brass casings manufacturing facility inย Manitowoc,ย Wisconsin.ย For moreย informationย please visit:โฏwww.ammoinc.comย ย
Forward Looking Statementsย
This document contains certain โforward-looking statementsโ.ย All statements other than statements of historical fact are โforward-looking statementsโ 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 regardingย future economic conditions or performance; any statements or belief; and any statements of assumptions underlying any of the foregoing.ย
Forward looking statements may include the words โmay,โ โcould,โ โestimate,โ โintend,โ โcontinue,โ โbelieve,โ โexpectโ or โanticipateโ 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, readersย are cautionedย 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 theyย 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.ย
In our filings with the Securities and Exchange Commission, references to โAMMO, Inc.โ, โAMMOโ, โthe Companyโ, โwe,โ โus,โ โourโ and similar terms refer to AMMO, Inc. and its wholly owned operating subsidiaries Theย Enlightย Groupย (d/b/a Jagemann Munition Components), SNI, LLC and Ammo Technologies, Inc.โย
Investor Contact:
Jeff Sonnek
ICR, Inc.
Phone: (646) 277-1263
jeff.sonnek@icrinc.comย
Media Contact:
Mark Hanish
President of Global Commercial Sales & Marketing
Phone: (480) 530-2827
mhannish@ammo-inc.comย