American Rebel Forecasts $5 Million in Pro Forma Q3 Revenue
20 October 2022 - 11:00PM
American Rebel Holdings, Inc. (NASDAQ: AREB) – America’s Patriotic
Brand announced today it anticipates reporting approximately $5
million in pro forma Q3 gross revenue and approximately $14.7
million in pro forma revenue for the nine-months ended September
30, 2022.
Revenue for Q3, including only the revenue
earned by the Champion entities after the closing of the
acquisition on July 29, 2022, is projected to be nearly $4 million.
American Rebel acquired Champion Safe Company and its ancillary
companies in a transaction with a purchase price of approximately
$9.9 million.
American Rebel expects to file its September 30,
2022, 10-Q with the Securities and Exchange Commission on or before
November 14, 2022. In its June 30, 2022, 10-Q American Rebel
reported $9.7 million in pro forma revenue for the first six-months
of 2022.
“We’re on target to exceed $20 million in annual
pro forma revenue for 2022,” said Andy Ross, CEO of American Rebel.
“Integrating the Champion and American Rebel operations has been
going great and we expect continued growth. We are actively
evaluating potential synergistic acquisitions or partnerships and
are bullish about the future of America’s Patriotic Brand.”
About American Rebel Holdings,
Inc.
American Rebel, through its wholly-owned
operating subsidiaries, operates primarily as a designer,
manufacturer and marketer of branded safes and personal security
and self-defense products. The Company also designs and produces
branded apparel and accessories and now intends to enter the E-Bike
market. 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 efficiently incorporate acquisitions into
our operations, the use of non-GAAP based pro forma financial
estimates, our ability to introduce new products, our 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 meet or exceed financial and reporting
estimates, 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.
SOURCE: American Rebel
Holdings, Inc.
Company
Contact:info@americanrebel.com
Investor Relations:John McNamaraTraDigital
IR917-658-2605john@tradigitalir.com
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