SCOTTSDALE, Ariz., March 03, 2017 (GLOBE NEWSWIRE) -- AMMO, Inc. (OTC:RTROD) (OTC:POWW), a premier American ammunitions designer and manufacturer, announced that, effective today, its stock ticker symbol has changed from “RTROD” to “POWW”.
The new ticker symbol reflects the change in the Company’s business plan, which now focuses on the ammunition industry, following its successful merger with its predecessor Retrospettiva. No action is required by shareholders as shares held in street name with broker dealers will be automatically adjusted, and stock certificate holders will have their shares automatically adjusted at the transfer agent or broker dealer when such certificates are deposited for sale or safekeeping.
AMMO is led by its Chief Executive Officer Fred Wagenhals, who first founded Action Performance Companies Inc. in 1992 and built it into a NYSE-listed one-stop source for motorsports-related consumer merchandise with over $400 million dollars in annual sales. In 2005, Mr. Wagenhals led the sale of the company for $245 million dollars.
Later this month, the Company will provide the investment community with additional details regarding its new corporate strategy as well as important milestones for 2017 and beyond.
About AMMO, Inc.
AMMO, Inc. (OTC:POWW), headquartered in Scottsdale, Arizona, designs and manufactures products for law enforcement, military, hunting, sport shooting and self-defense (www.ammo-inc.com). AMMO, Inc. was founded in 2016 with a vision to change, innovate and invigorate the complacent munitions industry. AMMO promotes branded munitions, including the Jesse James line of munitions and accessories, and the OPS (One Perfect Shot) line of munitions.
Forward Looking Statements
This release may contain forward-looking statements. Actual results may differ from those projected due to a number of risks and uncertainties, including, but not limited to, the possibility that some or all of the matters and transactions considered by the Company may not proceed as contemplated, and by all other matters specified in the Company's filings with the Securities and Exchange Commission. These statements are made based upon current expectations that are subject to risk and uncertainty. The Company does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information. Assumptions and other information that could cause results to differ from those set forth in the forward-looking information can be found in the Company's filings with the Securities and Exchange Commission (www.sec.gov), including its recent periodic reports.
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