American Rebel Holdings Completes
Acquisition of Champion Safe Company, Solidifying A Leading
Position in Safe Industry
Acquisition
Expected to Add Approximately $20 Million in Revenues to American
Rebel
Nashville, TN -- August 4, 2022 -- InvestorsHub NewsWire --
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 McNamara
TraDigital IR
917-658-2605
john@tradigitalir.com