FOR IMMEDIATE RELEASE:
AmmoSquared Inc. Launches Crowdfund to Revolutionize the Ammunition Industry
No industry is immune to digital disruption… not even ammunition.
Boise, ID: AmmoSquared Inc. is on a mission to change the way 94 million gun owners think about and manage ammunition by combining the physical world of ammunition with the convenience of online digital management.
According to the company, by starting off digital, ammunition becomes more convenient to purchase, store, exchange, manage, and ultimately, own.
CEO of AmmoSquared Inc, Dan Morton: “Our vision of the future is that every gun owner in America will soon have two forms of ammunition: physical that they store in their house and take to the range, and digital which is accumulating in the background, easily exchangeable, and deliverable on demand.”
The company’s existing business model, which was launched in 2015, already offers a unique ammunition subscription service designed to help customers stay stocked up on ammo, but according to Morton, that is just phase one of AmmoSquared’s long term vision.
“Currently customers can purchase ammunition in small amounts via a reoccurring subscription. It doesn’t matter whether they are buying one box or one round at a time, it all goes into their digital inventory and accumulates until the customer is ready for delivery. This subscription-based model is just the first phase of our vision.”
AmmoSquared is looking at the future of ammunition and has recently begun raising capital to build a next generation digital ammunition exchange. Chris Corriveau, CTO of AmmoSquared:
“Our ultimate goal is to build a true “Digital Ammunition Exchange” where individuals can purchase, store, exchange and sell ammunition with just a few clicks online. This way, every gun owner has a backup supply of ammunition in a “digital” format that is easily exchangeable and available whenever they need it. Ammunition holders will also be able to trade into or out of different calibers in order to take advantage of price changes in the ammunition market.”
Morton and Corriveau predict this will create a market based leveling mechanism to smooth out the sometimes-dramatic price and availability swings in ammunition that increase during the political election cycle.
To raise capital the company is issuing Series Seed Preferred Shares to accredited and non-accredited investors through equity crowdfund portal Wefunder.
“We wanted to give everyone an opportunity to join us and invest in the future of ammunition. Most folks are not accredited investors so it was important to choose an equity crowdfund platform where anyone with as little as $100 could become a shareholder in AmmoSquared. There are also great gun related perks available for those who can invest $500 or more.” Morton said.
While there are a handful of public companies in the firearms industry such as Sturm, Ruger and Company, American Outdoor Brands, and Olin Corp (Winchester), the ability to invest in a disruptive tech startup in this industry is rare to non-existent – especially for the smaller investor.
Investors in AmmoSquared have a unique opportunity to own part of an ammunition company, drive innovation in the industry, and support the 2nd Amendment.
For investment information visit: wefunder.com/ammosquared
About AmmoSquared Inc.:
Started in 2015 as an LLC by husband and wife team Dan and Danielle Morton, the company incorporated in July 2019 as a Delaware C-Corp and brought on Chris Corriveau as CTO and Clay Knight as Head of Design. The company has generated over $1m in revenue to date through its innovative ammo subscription service. Plans are underway to build AmmoSquared 2.0 – a next generation digital ammunition exchange platform that will allow customers a new approach to purchasing, exchanging, and managing ammunition online.
For company info visit: ammosquared.com