News
July 18th 2008 FOR IMMEDIATE RELEASE
ADAMS ARMS PRODUCT INTRO HITS THE MARK
*Retro-Fit Piston Driven System Experiencing Worldwide Attention and Demand
Palm Harbor, Florida - June 18th, 2008 - ADAMS ARMS, INC. (the "Company"),
of Palm Harbor, Florida is a private Company in the business of developing
and commercializing proprietary products designed to provide superior solutions
to the problems and flaws associated with the number one and two military
rifles used in the world - AR-15/M16 rifles. There are estimated to be over
8 million of such rifles in use worldwide. The Company announced today that
it's newly introduced and proprietary "AR-15 Fix" product has
been a major success and is in high demand.
Imagine you are in the military in Afghanistan or Iraq. In the midst of
a fire fight with the enemy, you are forced to clean your weapon, or worse,
your gun jams and won't work. The malfunction is caused by hot gasses and
carbon from the expelled round being directed into the bolt carrier and
receiver. This increase in temperature and dirt causes the bolt and bolt
carrier to fail in several areas of its function, and causes parts to wear,
break and jam.
As reported by the US Army sponsored, center for Naval Analysis conducted
survey of 2,600 soldiers returning from Afghanistan and Iraq who had engaged
in a firefight using the M4 or M16 rifle during their last deployment, an
astounding 19% of soldiers reported stoppage while engaging the enemy and
were unable to clear the stoppage and get the weapon running again during
the course of the engagement. Nearly one fifth of the unit was "out
of the fight" due to serious malfunctions in their basic weapon. "This
shouldn't happen with Adams Arms "AR15 Fix" claims inventor and
President Jason Adams because our AR15 Fix Gas Piston Cycling System is
designed to make these rifles more reliable which could help prevent American
Soldier casualties in the future."
Gun magazines such as Small Arms Review, Rods & Guns and Guns and Ammo
have touted the new product and Harris Publishing plans on running a feature
story in the upcoming issue of Tactical Weapons for Military and Police.
Adams Arms has received an offer by a major gun manufacturer to enter into
an exclusive arrangement and a request by a worldwide distributor to supply
as many as they can make, again under an exclusive arrangement. The Company
has resisted such temptations at this time and is assessing a number of
options.
Adams Arms expects to finalize a major contract with an overseas distributor
within the next couple weeks involving a significant initial order and has
demonstrations planned with influential military leaders in the next month.
Recent demonstrations with such leaders have been very successful. A distinguished
marksman Kirk Broyles
SSG, MP, US Army, recently remarked "I took the hand guards off and
looked at the best improvement to the little black rifle since Eugene Stoner
first unveiled it. With nineteen years in the US Army and several years
as a competitive shooter, I have shot and cleaned my share of AR-15/M16
rifles. The sheer simplicity of your system along with the fit and finish
was a work of art. Considering how simple this system is, why has it taken
us fifty years to bring this to production?"
Adams and his partners, Wayne Williams and Jim Granger, are excited with
the product intro but recognize their young, new Company is about to change
in a major way. Williams said "our phone is ringing off the hook."
Granger added: "We have pulled together a strong board of directors
to assist us and we are receiving top professional advice. We are expanding
our manufacturing capabilities for the retro-fit market and evaluating relationship
opportunities with major manufacturers regarding the new gun market. This
is an important time for us and we are working around the clock."
Additional Information
Adams Arms is located in the Tampa Bay Florida area and in the business
of developing and commercializing proprietary products that we believe provide
superior solutions to the problems and flaws associated with the millions
of AR-15/M16 rifles currently used by the military, law enforcement and
civilian gun enthusiasts. Our proprietary patent pending "AR-15 Fix"
is a revolutionary new Retro-Fit Piston Driven Cycling System for the AR-15/M16
rifle designed to eliminate the problematic impingement system associated
with the most commonly manufactured 5.56x45mm rifle in the world. Our AR-15
Fix provides end users with an affordable, simple user installed replacement
to the flawed gas impingement system. By producing a simple user installed
replacement to the flawed gas impingement system during a crucial time in
the market Adams Arms plans to supply the massive Retrofit market while
pursuing OEM licensing agreements with leaders in the industry.
The Company has attached some additional information regarding the Company
to the release. For additional information visit the Company's website at
www.AR15Fix.com.
Company Contact:
Jason Adams President
James Granger Vice president
Wayne Williams Secretary/Treasurer
727-853-0550
ADAMS ARMS - ADDITIONAL INFORMATION
Adams Arms is located in the Tampa Bay Florida area and in the business
of developing and commercializing proprietary products that we believe provide
superior solutions to the problems and flaws associated with the millions
of AR-15/M16 rifles currently used by the military, law enforcement and
civilian gun enthusiasts. Our proprietary patent pending "AR-15 Fix"
is a revolutionary new Retro-Fit Piston Driven Cycling System for the AR-15/M-16
rifle designed to eliminate the problematic impingement system associated
the most commonly manufactured 5.56x45mm rifle in the world. Our AR-15 Fix
provides end users with an affordable, simple user installed replacement
to the flawed gas impingement system. By producing a simple user installed
replacement to the flawed gas impingement system during a crucial time in
the market Adams Arms plans to supply the massive Retrofit market while
pursuing OEM licensing agreements with leaders in the industry.
Our Retro-Fit Piston Driven System ("AR15 Fix")
Our proprietary patent pending "AR15 Fix" Retro-Fit Piston Driven
System offers a simple, cost-effective solution to the problematic impingement
system associated with the current AR-15/M-16 rifle platform as an alternative
to costly replacement of the millions of rifles still in service. The principal
product benefits of our AR15 Fix include:
" User installed for convenience.
" Affordability.
" Elimination of hot gasses and carbon build up.
" Reduces fouling and maintenance
" Significant lowering of rifle recoil through use of short stroke
shaft.
" Improved accuracy due to lower recoil.
" Increased reliability.
" Faster target acquisition.
" Easy access from front of block.
We believe that our AR15 Fix offers significant advantages compared to other
conversion systems currently on the market.
Our Strategy
Our goal is to take advantage of the growing demand for a cleaner, more reliable piston driven retrofit system as an alternative to rifle replacement and for use by gun manufacturers for new guns and accessories. The key elements of our strategy are to:
Gain market share and establish AR15 Fix as the leading AR-15/M-16 retro-fit system in the marketplace;
increase awareness among dealers, distributors, retailers and consumers of the significant benefits of the AR15 Fix;
obtain relationships with manufacturers for the installation of our system in new guns;
expand our ability to produce our products and increase our capacity to effectively fill orders;
create ancillary products and new generation firing devices; and
expand our growth opportunities to the military and law enforcement sectors.
Market Opportunity and Competition
The M16 is the most commonly manufactured 5.56x45mm rifle in the world. Currently, the M16/M4 system is in use by 15 NATO countries and more than 80 countries world wide. Together, the U.S. and Canada have produced more than 8,000,000 units with approximately 90% still in operation.
The market size of hunting- and shooting-related equipment continues to expand and is now larger than golf equipment sales, a whopping $3.7 billion in 2006. This was an increase of 4.1% over the previous year and firearms alone amounted to $2.18 billion in 2006 sales.
The military plans to purchase 100,000 M4's in 2008 and will be implementing a piston driven system in the very near future. Replacing the M16 will be very expensive due to the need to retrain our forces to operate and maintain a new rifle.
Several companies are working to develop a piston driven M16/AR15 conversions.
A few have developed a complete "upper assembly" that installs
on the users "lower Assembly" at a cost of $1,000 to $1,500. Some
are offering a version of a retro fit system where customers send their
upper receiver to them and they install the system in a couple of weeks
and return to the customer, making it impossible to resell this product.
A few have attempted a "drop in" piston system that the end user
can install, however we believe they have had many problems with functionality.
Our product should position us effectively in both the retrofit and new
gun markets.
Our Management Team
Jason Adams, Jim Granger and Wayne Williams make up the management team
of Adams Arms. Our telephone number is 727-853-0550 and our website is www.AR15Fix.com