SCOTTSDALE, Ariz., March 21, 2017 (GLOBE NEWSWIRE) -- AMMO, Inc. (OTC:POWW) (Formerly Retrospettiva, Inc.), a premier American ammunitions developer, manufacturer and distributor, today announced the successful completion of its merger with the private company, AMMO, Inc.
Following this transaction, AMMO, Inc. will have approximately 18 million shares outstanding.
"We believe there is a significant shortage of top-quality, innovative, American-made ammunition to meet the increasing demand from passionate and discriminating sportsmen and other gun owners. We intend to fill that need," notes Fred Wagenhals, Chief Executive Officer of AMMO, Inc. “The completion of this transaction is yet another step in our growth strategy to launch our brands and establish AMMO, Inc. as the leading designer, manufacturer and marketer of performance-driven, high-quality and innovative ammunition products, in the sporting and hunting industries."
AMMO, Inc. manufactures its products in Payson, Arizona, using the finest American-made components. The Company utilizes some of the latest and best technology in the industry, most notably its own HyperClean technology that allows customers to shoot more and clean less. Production facilities and processes meet all SAAMI and Mil Specs and are run by highly trained ammunition technicians and quality control inspectors who hand-inspect each and every round prior to packaging.
"Our management team has been very productive. Over the next few months we expect to discuss the launch of several important new product lines as well as our plans for expanded distribution," comments Mr. Wagenhals. "We understand the importance of building and maintaining trust with the investment community and plan to keep investors informed of key milestones for 2017 and beyond and our progress towards meeting these goals."
About AMMO, Inc.
AMMO, Inc. (OTC:POWW), with corporate offices headquartered in Scottsdale, Arizona, and manufacturing facility in Payson, 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; SHIELD Series munitions for Law Enforcement, stealth subsonic munitions, and the OPS (One Precise Shot) the tactical line of defense 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 (http://www.sec.gov), including its recent periodic reports.
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