Former Chairman Sells Off Considerable Position in Outdoor Holding Company (POWW) Common Stock

Outdoor Holding Company (NASDAQ: POWW) today confirmed that Fred Wagenhals, the Company's former Chairman and founder, has sold more than 6.5 million shares of POWW common stock over the past six weeks, reducing his ownership stake to fewer than 1 million shares.

Mr. Wagenhals has not been affiliated with the Company in any official capacity in over a year, although he remains a subject of an enforcement action filed by the Securities and Exchange Commission for actions taken during his tenure. He is no longer subject to Section 16 reporting requirements, including the obligation to file Form 4 disclosures regarding changes in beneficial ownership.

The Company remains committed to strong corporate governance, regulatory compliance, and the continued execution of its strategic priorities under current leadership. The Company remains focused on operational execution while reinforcing trust with investors, customers, and partners.