SCOTTSDALE, AZ, Dec. 12, 2018 (GLOBE NEWSWIRE) — AMMO, Inc. (OTCQB:POWW), an innovator in ammunition technology, announced that the Company has been approved for uplisting its common shares from the Pink® Open Market to the OTCQB® Venture Market. The Company will continue to trade under symbol “POWW”.
The OTCQB Venture Market, operated by OTC Markets Group Inc. in New York City is a premier market for entrepreneurial and development stage U.S. and international companies that are committed to providing investors high-quality trading and improved market visibility to enhance trading liquidity. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test and undergo an annual company verification and management certification process. The OTCQB quality standards provide a baseline for financial transparency and provide more comprehensive compliance requirements. The Securities and Exchange Commission (SEC) considers the OTCQB as an “established public market” for determining the public market price, allowing broker dealers and their customers to more easily trade stocks that may have been previously forbidden due to the confines of the less rigorous Pink Open Market standards.
“We are pleased to make the transition to the OTCQB and join its ranks of emerging growth companies, which we believe will create additional exposure for AMMO, Inc. to attract a broader investor audience and ultimately enhance liquidity. Concurrently, we continue to pursue our applications with other national stock exchanges,” stated Fred Wagenhals, AMMO Inc.’s Chief Executive Officer. “We continue to forecast that the business will scale its revenues in the coming quarters as we advance our growth initiatives through building upon our innovative brands and leveraging our technological advancements within the military and law enforcement channels.”
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) 277-1263
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