Liberty Ammunition, Inc. hires new President and CEO, Steve Torma

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• Former VP/GM Large Caliber Ammunition Business Unit at General Dynamics • Brings significant high level US government, industry and international relationships

Liberty Ammunition, Inc., the world leader in lead-free ammunition, announced today the hiring of Steven C. Torma as its President and Chief Executive Officer.

Led a Major Business for General Dynamics         

Steve Torma, 50, has joined Liberty Ammunition after serving at General Dynamics, Ordnance and Tactical Systems (GD-OTS for the previous 27 years.    Most recently Mr. Torma was the Vice President and General Manager of the Large Caliber Ammunition Business Unit where he was responsible for the design, manufacture and delivery of tank, artillery and mortar ammunition systems. Prior to this, Torma was the Vice President of the Small Caliber Ammunition Business responsible for the management of the Second Source Small Caliber Ammunition Program in support of the US Army. During this tenure at General Dynamics, Mr. Torma lead the activities of GD-OTS in the manufacture and delivery of over 1.1 Billion rounds of small caliber ammunition from a diverse world wide supply chain charged with the production of military grade 5.56mm, 7.62mm and .50caliber ammunition.

Senior level Government, Industry and International Relationships         

Over the past 27 years, Steve has led initiatives for General Dynamics directly with the US Government and multiple international industry leading companies in the ammunition industry including Denel Munitions, Rheinmetall, Nammo, Taiwan 205th Arsenal, Israel Military Industries (IMI), Thales and others.    He has led initiatives at the senior level around the world in key opportunity markets including Canada, Saudi Arabia, Spain, Israel, South Africa, Germany, Sweden, Norway, Australia and multiple others. “We are extremely fortunate to have someone of Steve’s ability to join the firm as its new leader. His experience with General Dynamics and outstanding relationships developed over the past 27 years in the industry, with the US Government, and with international partners will be invaluable as he takes Liberty Ammunition to the next level,” commented Brent Willis, Liberty Ammunition’s Chairman, (former President & CCO at InBev and CEO at Cott Corporation.        

Historically, Liberty Ammunition produced ammunition exclusively for the US Government, and is the leading patent holder in small arms ammunition with over 7 patents issued in the past 3 years, including multiple patents for the 5.56 mm three-piece, exposed-tip, lead-free Enhanced Performance Round. The Company recently expanded its portfolio of ammunition to address the US Commercial Market, and has quickly become one of the leading ammunition companies by sales in the country with its Liberty Ammunition USM4 and Civil Defense handgun rounds. Liberty’s 9mm, .40 S&W, and .45 ACP handgun rounds are the world’s fastest with velocity of up to 2000 feet per second, stopping power of up to 600 FPE, superior accuracy and unparalleled terminal effects, all in a lead-free round.

About Liberty Ammunition, Inc.

Liberty Ammunition, Inc. is dedicated to protecting the lives of our troops, their closest allies, and law enforcement officers around the world. Liberty is the world leader in lead-free ammunition as validated by recent live-fire demonstrations conducted for select US Military and foreign defense contractor representatives. The Company holds multiple patents in rifle and handgun ammunition with additional patents pending, covering the Liberty T3 three-piece, exposed-tip, lead-free rifle projectiles, and the USM4 and Civil Defense fragmenting hollow-point lead-free handgun projectiles. Liberty produces Military main-battle projectiles, Military sniper projectiles, and Military specialty projectiles in all calibers. The Company also produces lead-free handgun rounds for local, state, and federal law enforcement, and Civil-Defense handgun rounds in 9MM, .40 S&W, and .45 ACP calibers.

The brand names referenced in this press release including T3, USM4, Civil Defense, and Liberty Ammunition are trademarks of Liberty Ammunition, Inc. its affiliated companies, customers, or other third parties. The company was incorporated in 2005 and has fulfilled contracts with US Special Operations Command (SOCOM) and other key customers, and supplies military small arms ammunition worldwide. The company manufacturers in Florida, New Hampshire and Michigan, and sells and licenses lead-free small arms munitions for Military and Law Enforcement customers around the world. Liberty Ammunition is compliant with all ITAR regulations and requirements, and all local, state, and federal regulations regarding the commercialization of ammunition.

http://www.libertyammunition.com

CONTACTS:     Brent Willis, brentwillis (at) libertyammo (dot) com         941 567-6178
                Matt Phillips, mattphillips (at) libertyammo (dot) com    941 567-6178    

Safe Harbor Statements

This press release may contain forward-looking statements reflecting management's current expectations regarding future results of operations, economic performance, financial condition and achievements of the Company. The forward-looking statements are based on the assumption that operating performance and results will continue to materialize consistent with recent trends. Management believes these assumptions to be reasonable but there is no assurance that they will prove to be accurate. Forward-looking statements, specifically those concerning future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company's filings. The Company undertakes no obligation to publicly update or revise any forward-looking statements.

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Brent Willis

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