American Rebel Holdings Completes Acquisition of Champion Safe Company, Solidifying A Leading Position in Safe Industry
04 August 2022 - 10:00PM
American Rebel Holdings, Inc. (NASDAQ: AREB)(NASDAQ:AREBW) –
America’s Patriotic Brand (the “Company”) today announced it has
completed its acquisition of Utah-based Champion Safe Company, and
its ancillary companies (collectively, “Champion”), in a
transaction valued at approximately $9.9 million. Champion is a
leading manufacturer of gun safes, with a well-known reputation for
security, fire protection, quality of finish and workmanship. The
transaction is expected to add more than $20 million in revenues to
American Rebel and be accretive to net income.
Andy Ross, Chief Executive Officer of American
Rebel, commented, “We are delighted to complete the acquisition of
Champion. We’ve added a terrific company with an amazing product
line. The combined companies will be a leading player in the safe
industry and American Rebel takes a large step in becoming
America’s life-style brand. Champion’s solid background of orders
means it will begin contributing on day one, and with Champion’s
reputation in the industry, we look forward to adding more dealer
accounts over time.”
EF Hutton, a division of Benchmark Investments,
LLC, acted as the financial advisor to the Company in connection
with the acquisition.
About American Rebel Holdings,
Inc.
American Rebel operates primarily as a designer
and marketer of branded safes and personal security and
self-defense products. The Company also designs and produces
branded apparel and accessories. To learn more, visit
www.americanrebel.com. For investor information, visit
www.americanrebel.com/investor-relations.
Cautionary Note Regarding
Forward-Looking Statements:
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. American Rebel Holdings, Inc.,
(NASDAQ:AREB)(NASDAQ:AREBW) (the “Company,” "American Rebel,” “we,”
“our” or “us”) desires to take advantage of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995
and is including this cautionary statement in connection with this
safe harbor legislation. The words "forecasts" "believe," "may,"
"estimate," "continue," "anticipate," "intend," "should," "plan,"
"could," "target," "potential," "is likely," "expect" and similar
expressions, as they relate to us, are intended to identify
forward-looking statements. We have based these forward-looking
statements primarily on our current expectations and projections
about future events and financial trends that we believe may affect
our financial condition, results of operations, business strategy,
and financial needs. Important factors that could cause actual
results to differ from those in the forward-looking statements
include our ability to raise sufficient funds to close the
acquisition, our current reliance on a sole manufacturer and
supplier for the production of our safes, our manufacturing
partner’s ability to meet production demands, our ability to expand
our sales organization to address existing and new markets that we
intend to target, our ability to effectively compete in a
competitive industry, and the Risk Factors contained within our
filings with the SEC, including our Annual Report on Form 10-K for
the year ended December 31, 2021. Any forward-looking statement
made by us herein speaks only as of the date on which it is made.
Factors or events that could cause our actual results to differ may
emerge from time to time, and it is not possible for us to predict
all of them. We undertake no obligation to publicly update any
forward-looking statements, whether as a result of new information,
future developments or otherwise, except as may be required by
law.
Readers are urged to review the Company’s Form
8-K dated July 6, 2022, which contains a copy of the Champion
Acquisition Agreement and is available free of charge on the SEC’s
website (www.sec.gov).
SOURCE: American Rebel
Holdings, Inc.
Company
Contact:info@americanrebel.com
Investor Relations:John McNamaraTraDigital
IR917-658-2605john@tradigitalir.com
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