Outdoorsmen.com, Inc. News and Press Release Updates
Outdoorsmen.com Completes Letters Of Intent To Purchase Five Major Trade Show Operators In The U.S. Hunting, Fishing, and RV Industry
GREENWOOD VILLAGE, CO, NOVEMBER 14, 2023 – Outdoorsmen.com, Inc., a social media and e-commerce technology company operating in the sporting goods industry, announced today that it has completed Letters Of Intent (LOI) with five major U.S. based trade show operators to acquire all of their annual consumer trade shows that service the hunting, fishing, and RV industry.
In a Bureau of Labor Statistics report released in September of 2022, there are 133,595,000 hunting and fishing consumers in the United States. According to an October 2021 Statista survey, 40% of the U.S. hunting and fishing consumers were born between 1995 and 2012 (iGen / Generation Z), 56.7% were born between 1980 and 1994 (Millennials / Generation Y), and 33.3% were born prior to 1979 (Generation X and Boomers). An estimated 80% of the hunting and fishing consumers in the U.S. attend at lease one trade show per year.
"We are very excited to expand our Outdoorsmen.com family as we head into the remainder of 2023 and position the company for explosive growth throughout 2024," said Outdoorsmen.com CEO, Lynn Murphy. "We are just getting started though, and plan to have another dozen trade show operators under a binding LOI in the coming months. Our target in the first year of acquisitions is seventy-five individual consumer shows, totaling more than $20 Million in annual revenue," added Murphy.
Outdoorsmen.com, Inc. announced earlier this year that it has made significant progress in preparing the company to go public, in an effort to execute faster on their aggressive roll-up strategy of small business operators and outdoor industry consumer trade shows. The company is working towards a public offering in the United States through a merger with an existing publicly traded company, a SPAC merger, or a direct IPO listing on NASDAQ or the NYSE.
About Outdoorsmen.com, Inc.
Outdoorsmen.com is one of the largest digital media and technology companies in North America, solely devoted to the hundreds of millions of outdoors men and business operators that contribute to an annual gross economic output of $862 billion from the U.S. outdoor economy. Their social networking technology brands cover the spectrum of the outdoor economy – from hunting and fishing to tennis, and from soccer and youth sports to biking, the millions of online users rely on Outdoorsmen.com for the best, most entertaining, useful, and relevant social connections. Outdoorsmen.com is a proud member of the Outdoor Industry Association. https://outdoorindustry.org
Learn more about Outdoorsmen.com, Inc. by going to https://www.outdoorsmen.com/investing
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The information in this press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified using the words "could", "believe", "aim", "anticipate", "intend", "estimate", "expect", "may", "continue", "predict", "potential", "possible," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this presentation. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations, and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations, or intentions will be achieved.
Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Risks include but are not limited to general risks associated with going public, mergers, acquisitions, joint ventures, and strategic alliances; lack of sufficient capital; possible impairment of assets, COVID and more. No information in this press release should be construed as any indication whatsoever of our future financial results, revenues, or stock price.
Lynn Murphy / CEO
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