SCOTTSDALE, Ariz., May 16, 2018 (GLOBE NEWSWIRE) — AMMO, Inc. (POWW), a technology leader and premier American ammunitions manufacturer, today announced it has submitted its application to be listed on The Nasdaq Capital Market®.
“This is a very exciting time for the Company and our shareholders. We have been making preparations for an uplist since establishing AMMO, Inc. last year and we are extremely excited about the opportunity to be included in The Nasdaq Capital Market,” said Fred Wagenhals, Chairman & Chief Executive Officer, AMMO, Inc. “The Nasdaq Capital Market is the perfect venue for our Company to broaden our investor reach and generate improved trading liquidity which we believe will enhance our visibility with the retail and institutional marketplace. We are experiencing substantial traction with the distribution of our innovative branded ammunition product lines which are translating into exponential revenue growth this year.”
The Company believes that it meets the financial and board of director requirements for listing on The Nasdaq Capital Market, following its recent equity raise and the appointment of two additional independent Board members. Upon completion of its pending fiscal year end transition, from December to March, the Company believes it will meet all requirements for listing on The Nasdaq Capital Market in calendar 2018.
About AMMO, Inc.
With its corporate offices headquartered in Scottsdale, Arizona, and a manufacturing facility in Payson, Arizona, AMMO, Inc. (the “Company and/or AMMO”) designs and manufactures products for a variety of aptitudes, including law enforcement, military, hunting, 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, including its patented STREAK Visual Ammunition, the Jesse James line of munitions and accessories, /stelTH/ subsonic munitions, and OPS (One Precise Shot) a lead-free frangible tactical line of munitions for self-defense. For more information please visit: www.ammo-inc.com
Phone: (646) 277-1254