AMMO, Inc. Closes First Seven-Figure International Sale in South Asia
SCOTTSDALE, AZ, January 6, 2020 – AMMO, Inc. (OTCQB: POWW) (“AMMO” or the “Company”), a premier American ammunition and munition components manufacturer and technology leader, has announced its first seven-figure international export sale with a partner in South Asia. The total order is expected to amount in the seven-figures and AMMO has already entered into the first export purchase orders. AMMO and its partner anticipate the order will be followed by sizeable supplemental orders to proceed throughout 2020 and potentially beyond. The purchase orders scheduled to be fulfilled in the first quarter of 2020 call for ammunition casings ranging from 50BMG to 5.56. “It was important for our South Asia partner to see for themselves our world-class manufacturing facility in Manitowoc, Wisconsin,” said AMMO President of Global Sales & Marketing Mark Hanish. “During their meeting with our key team members, they felt confident in our capabilities as a trusted partner to serve their region’s military, law enforcement and commercial markets.” AMMO CEO Fred Wagenhals confirmed: “The strength of our U.S.-based manufacturing operations in both Wisconsin and Arizona, coupled with the burgeoning need for products such as those being offered by our overseas partner, well-positions AMMO to make significant export inroads within critical military, law enforcement and commercial markets over the next 12-24 months. We are excited the global markets are beginning to recognize the best-in-class ammunition and munition components AMMO manufactures.”
About AMMO, Inc.
AMMO was founded in 2016 with a vision to change, innovate and invigorate the complacent munitions industry. The Company designs and manufactures products for a variety of markets, including law enforcement, military, hunting, sport shooting and self-defense. AMMO promotes branded munitions, including its patented STREAK™ Visual Ammunition, /stelTH/™ subsonic munitions, O.W.L. Technologies®, and Night OPS (One Precise Shot) – a lead-free frangible tactical line of munitions for self-defense. The Company’s corporate offices are headquartered in Scottsdale, Arizona. Manufacturing operations are based in both northern Arizona and Manitowoc, Wisconsin. Jagemann Munition Components is a wholly-owned AMMO subsidiary based in Wisconsin, and is an industry leading brass casing designer and manufacturer supporting the global ammunition industry. For more information please visit: www.ammoinc.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. In our filings with the Securities and Exchange Commission, references to “AMMO, Inc.”, “AMMO”, “the Company”, “we,” “us,” “our” and similar terms refer to AMMO, Inc. and its wholly owned operating subsidiaries The Enlight Group (d/b/a Jagemann Munition Components), SNI, LLC and Ammo Technologies, Inc.”
Investor Contact:
Cody Slach
Gateway Investor Relations
Phone: (949) 574-3860
POWW@gatewayir.com
Media Contact:
Mark Hanish
President of Global Commercial Sales & Marketing
Phone: (480) 530-2827
mhanish@ammo-inc.com