American Rebel Holdings, Inc. announces Q4 2019 revenue guidance of $200,000 – $225,000, an increase of 21-36% from Q3 2019.
American Rebel Holdings, Inc. also announces Q1 2020 revenue guidance of $340,000 – $365,000, an increase of 106-121% from Q3 2019.
Significant safe sales drive revenue growth.
NASHVILLE, TN / ACCESSWIRE / April 24, 2020 / American Rebel – America’s Patriotic Brand (OTCQB:AREB) (the “Company”) is pleased to announce revenue guidance for Q4 2019 and Q1 2020, as well as to note that significant safe sales are driving the revenue growth. The Company released revenue guidance of $200,000 – $225,000 for Q4 2019, an increase of 21% from Q3 2019 to the low end of the range and an increase of 36% from Q3 2019 to the high end of the range. The Company also released revenue guidance of $340,000 – $365,000 for Q1 2020, an increase of 106% from Q3 2019 to the low end of the range and an increase of 121% from Q3 2019 to the high end of the range.
“Customers have an emotional connection to our brand and we’re selling more safes than we can produce,” said American Rebel CEO Andy Ross. “They want to be a part of our patriotic family and they’ve coined our safes as the safe with an attitude. We’re adding more dealers to our dealer network every day.”
About American Rebel
American Rebel Holdings, Inc. is a fully reporting wholesale and retail sales company of safes and concealed carry apparel and backpacks based in Lenexa, Kansas, and Nashville, Tennessee. The company recognizes the need to safely secure assets, most vital which include firearms, valuables, and secured substances; and to be concealed and safe. American Rebel is currently focused on fulfilling the need for an ever-growing gun storage solution demand as well as operate in the concealed carry market to meet the needs of nearly 20M concealed carry permit holders as well as individuals exercising their Second Amendment rights in 11 permit-less states not required to have permits. The gun safe market is a $2B sector and the concealed carry market is an over $1B sector and both sectors are poised for continued growth as gun sales have increased over 60% since 2010 and there are an estimated 400 million guns in the US alone. Additionally, American Rebel has also recognized the opportunity to meet inventory locking requirements with safe applications for cannabis dispensaries. Dispensaries are required to lock their inventory after hours and American Rebel safes satisfy those requirements. To meet this opportunity, American Rebel designed the first Inventory Control Safe customized for the $35B cannabis industry. American Rebel utilizes the Harley-Davidson model of a lifestyle brand known for their higher-priced item (motorcycles and safes) supported by lower-priced brand building items. For more information on American Rebel, go to AmericanRebel.com.
Forward-Looking Safe Harbor
Statements under the Private Securities Litigation Reform Act, as amended: with the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risks and uncertainties that may individually or mutually impact the matters herein described for a variety of reasons that are outside the control of the Company, including, but not limited to, projected revenues from the sales of its products through its other on-line channels, estimated market for its products, and statements about achieving its other development, growth, commercialization, financial and staffing objectives. Readers are cautioned not to place undue reliance on these forward-looking statements as actual results could differ materially from the forward-looking statements contained herein. Readers are urged to read the risk factors set forth in the Company’s most recent filing on Form S-1, annual report on Form 10-K, subsequent quarterly reports filed on Form 10-Q and other filings made with the SEC. Copies of these reports are available from the SEC’s website or without charge from the Company.
SOURCE: American Rebel Holdings Inc.
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