AMMO, Inc. Announces June 21, 2021 Groundbreaking Ceremony of New State-of-the-Art Ammunition Manufacturing Plant in Manitowoc, Wisconsin
AMMO, Inc. (Nasdaq: POWW) has announced a groundbreaking ceremony for its new manufacturing facility in Manitowoc, WI, scheduled for June 21, 2021. The new plant will significantly enhance AMMO's production capabilities, tripling its footprint and increasing its workforce by over 100 employees over the next 1-3 years. CEO Fred Wagenhals emphasized the company's commitment to advancing technology and meeting consumer demand while fostering revenue growth and benefiting shareholders. The ceremony will be attended by senior management and local government leaders.
- Groundbreaking of a new manufacturing facility will triple production capacity.
- Expansion expected to create over 100 jobs in Manitowoc over 1-3 years.
- Emphasis on enhancing R&D and manufacturing capabilities.
- None.
SCOTTSDALE, AZ, June 03, 2021 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW) (“AMMO” or the “Company”), a premier American ammunition and munition components manufacturer and technology leader, is pleased to announce the scheduling of the June 21, 2021 (1 p.m. CT) groundbreaking ceremony to be held at 6301 Custer St., Manitowoc, WI to formally acknowledge the construction of its new world-class manufacturing facility. The ceremony will be attended by AMMO’s senior management team, including Fred Wagenhals (Chairman & CEO), Board members Rusty Wallace and Richard Childress, also members of the NASCAR Hall of Fame, and government leaders representing the great and supportive City of Manitowoc.
Fred Wagenhals and his team extend an open invitation to AMMO supporters and individuals interested in joining the expanding AMMO team working in the Manitowoc area to join the Company at this exciting ceremony. Mr. Wagenhals noted that “we are excited to have commenced work on our new plant. We are more than tripling our production plant footprint and enhancing our manufacturing, R&D and testing capabilities across all levels when we move into our new world-class plant which support our unwavering effort to continue to develop cutting edge technology, meet the continuing consumer demand as we work to further enhance our strong revenue growth for the benefit of our shareholders.” “We look forward to celebrating this occasion with the amazing and supportive Mayor and City Council Members of the great City of Manitowoc – without their unwavering commitment to AMMO and the business community at-large in the area, this plant would not be rising from the ground at this time and providing us with the privilege of expanding our Manitowoc workforce over the next 1-3 years by a 100 or more employees,” noted Mr. Wagenhals.
About AMMO, Inc.
With its corporate offices headquartered in Scottsdale, Arizona. AMMO designs and manufactures products for a variety of aptitudes, including law enforcement, military, 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 as well as its patented STREAK™ Visual Ammunition, /stelTH/™ subsonic munitions, and armor piercing rounds for military use. For more information, please visit: www.ammo-inc.com.
About GunBroker.com
As an AMMO subsidiary, GunBroker.com is the largest online marketplace dedicated to firearms, hunting, shooting and related products. Aside from merchandise bearing its logo, GunBroker.com currently sells none of the items listed on its website. Third-party sellers list items on the site and Federal and state laws govern the sale of firearms and other restricted items. Ownership policies and regulations are followed using licensed firearms dealers as transfer agents. Launched in 1999, GunBroker.com is an informative, secure and safe way to buy and sell firearms, ammunition, air guns, archery equipment, knives and swords, firearms accessories and hunting/shooting gear online. GunBroker.com promotes responsible ownership of guns and firearms. For more information, please visit: www.gunbroker.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.
Investor Contact:
Rob Wiley, CFO
AMMO, Inc.
Phone: (480) 947-0001
IR@ammo-inc.com
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