AMMO, Inc. Continues to Experience Rapid Growth with Booked Orders Backlog
Now in Excess of $100 Million
– The Company Adds Two National Retailers to Its Growing Customer Base –
SCOTTSDALE, AZ, October 20, 2020 – AMMO, Inc. (OTCQB: POWW) (“AMMO” or the “Company”), a premier American ammunition and munition components manufacturer and technology leader, has continued to receive consistent order flow with the Company’s backlog of booked orders in excess of $100 million. In an effort to increase production and fulfillment capacity, AMMO recently invested in approximately $2.5 million of new equipment.
Led by national retailers, such as Sportsman’s Warehouse, Bass Pro Shops, Dick’s Sporting Goods, Rural King, and Camping World, the Company’s booked orders database covers the majority of national retailers in the ammunition space. AMMO also recently added two new national retailers to its customer base, Big 5 Sporting Goods and Academy Sports + Outdoors, which have over 450 stores throughout the U.S. combined.
“Our record backlog of booked orders continues to grow as consumer demand for ammunition remains at significantly heightened levels heading into the upcoming election,” said Fred Wagenhals, AMMO’s chairman and CEO. “In addition, we’ve added two national retailers to our customer base, which puts our product offerings in nearly every major ammunition retailer in the U.S. With the investments we have made in equipment and machinery to expand production capacity, along with a dedicated staff working around the clock in our manufacturing facilities, we remain confident in our ability to fulfill this record backlog of booked orders.”
AMMO also plans to attend the 2021 SHOT Show in Las Vegas, Nevada, which is being held January 19-22, 2021. The Company will be featuring a new booth at the show and will provide full details on its attendance as the date of the event gets closer.
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. For more information please visit: www.ammoinc.com.
Forward Looking Statements
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