AMMO, Inc. Announces Jared Smith as its New Chief Executive Officer - Seite 2

“It was always my intent to engage a permanent successor when I founded AMMO in 2016 and took the reigns as CEO,” continued Wagenhals. “Once I spent time with Jared, it became clear to me he could take our Company to the next level and beyond, and I am pleased the CEO Succession Committee came to the same conclusion. Jared has impressive leadership skills and knowledge of our Company’s targeted marketplace, and he is singularly focused and committed to deliver on the strategic imperative of further strengthening and growing AMMO and GunBroker.com, leveraging our amazing employees and technological market differentiators.”

“On behalf of the Board, the Company, and its stakeholders, I would like to thank Fred Wagenhals for his exceptional entrepreneurial vision and his many contributions during his tenure as AMMO’s Chairman and CEO, including the 2021 strategic acquisition of GunBroker.com, the opening of our new state-of-the-art manufacturing plant in Manitowoc, Wisconsin in 2022, and attracting and retaining industry-leading executives such as Jared,” said Rusty Wallace, Board Member, NASCAR Hall of Fame member, entrepreneur, and broadcast analyst. “The entire Board is truly excited to welcome and work with Jared, whose experience as an industry insider, we believe, will only strengthen AMMO’s presence in the marketplace.”

“I am honored to be appointed CEO and look forward to leading this Company, our executive leadership team, and our Board toward the continued transformation of our industry,” said Smith. “I have spent almost two decades in the firearm and ammunition sector and have always recognized AMMO and GunBroker.com as best in class for their space and potential. I joined this team because of the raw potential of the operations team, multiple opportunities to innovate, bring transformative change, and continue the growth trajectory of this Company. Fred, the executive team, and I believe numerous and compelling future opportunities for AMMO and GunBroker.com lie ahead, some of which we plan to announce in a Shareholder’s Letter later this week. I look forward to an exciting and successful future for AMMO and GunBroker.com.”