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SCOTTSDALE, Ariz., May 14, 2020 (GLOBE NEWSWIRE) — AMMO, Inc. (OTCQB: POWW) (“AMMO” or the “Company”), a arch American armament and armament apparatus architect and technology leader, has accustomed two acquirement orders accretion about $5 million.

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One of the world’s better producers of antic armament placed an adjustment for about $2 actor annual of carapace casings. AMMO expects to accomplish the acquirement adjustment over the advance of the abutting six months utilizing the Company’s Jagemann armament apparatus assembly adeptness amid in Manitowoc, Wisconsin.

In addition, an absolute AMMO customer, who is one of the better alfresco specialty chains in the United States, issued a acquirement adjustment for about $3 actor to bear loaded armament of all calibers produced by the Company throughout the butt of agenda year 2020. This acquirement adjustment does not booty into annual the melancholia access in appeal created by “Black Friday” announcement and spending at Thanksgiving.

“Year-to-date, we accept accustomed four seven-figure acquirement orders, absorption connected backbone in the bartering and retail markets for assumption and loaded ammunition,” said Fred Wagenhals, AMMO’s CEO. “We accustomed these orders predicated on our adeptness to bear artefact that exceeds our customer’s requirements. We currently accept added seven amount proposals outstanding than at any time in our history and we attending advanced to continuing to accommodated our customers’ added appeal during this aberrant time.”

About AMMO, Inc.AMMO was founded in 2016 with a eyes to change, innovate and activate the conceited ammunition industry. The Company designs and articles articles for a array of markets, including law enforcement, military, hunting, action cutting 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 brittle appropriate band of ammunition for self-defense. The Company’s accumulated offices are headquartered in Scottsdale, Arizona. Manufacturing operations are based in both arctic Arizona and Manitowoc, Wisconsin. For added advice amuse visit: www.ammoinc.com.

Forward Attractive StatementsThis certificate contains assertive “forward-looking statements”. All statements added than statements of actual actuality are “forward-looking statements” for purposes of federal and accompaniment balance laws, including, but not bound to, any projections of earnings, acquirement or added banking items; any statements of the plans, strategies, goals and objectives of administration for approaching operations; any statements apropos proposed new articles and casework or developments thereof; any statements apropos approaching bread-and-butter altitude or performance; any statements or belief; and any statements of assumptions basal any of the foregoing.

Forward attractive statements may accommodate the words “may,” “could,” “estimate,” “intend,” “continue,” “believe,” “expect” or “anticipate” or added agnate words, or the abrogating thereof. These advanced statements present our estimates and assumptions alone as of the date of this report. Accordingly, readers are cautioned not to abode disproportionate assurance on advanced statements, which allege alone as of the dates on which they are made. We do not undertake to amend advanced statements to reflect the appulse of affairs or contest that appear afterwards the dates they are made. You should, however, argue added disclosures and accident factors we accommodate 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 Balance and Exchange Commission, references to “AMMO, Inc.”, “AMMO”, “the Company”, “we,” “us,” “our” and agnate agreement accredit to AMMO, Inc. and its wholly endemic operating subsidiaries The Enlight Group (d/b/a Jagemann Armament Components), SNI, LLC and Ammo Technologies, Inc.

Investor Contact:Cody SlachGateway Investor RelationsPhone: (949) 574-3860 [email protected]

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Last Updated: May 20th, 2020 by admin
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