Inquiring Minds Want to Know. . .

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Inquiring Minds Want to Know. . .

Postby Thom » Sun Apr 30, 2017 4:39 pm

Is there any news of change in Oly's status? I keep tripping over rumors of a buyout, but I have yet to encounter anything remotely official. . .
Thom. . .

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Once a Marine....... wrote:After all we do have plenty of room for all of Gods animals......... right next to the mashed potatoes!
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Re: Inquiring Minds Want to Know. . .

Postby Globemaster » Mon May 01, 2017 11:42 am

from the other related posts on here; I can only assume that it'll take until June now for the transition to be completed and/or finalized
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Re: Inquiring Minds Want to Know. . .

Postby John A. » Thu May 04, 2017 7:59 pm

In all fairness, ATF licensing center does not get in a particular hurry to approve paperwork.

It's not like the IRS when they think you owe them a penny.

Further, SOT's are due every June 1, so unless the new owners paperwork is approved by then, or if Olympic doesn't opt to renew the $500/$1000 yearly tax, by default, they must cease selling guns/lowers at bare minimum.

I will not pretend to know any details of what Oly is doing.
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Re: Inquiring Minds Want to Know. . .

Postby Colorado Osprey » Tue Aug 15, 2017 11:45 am

Anybody heard anything?
Lets just remove all the warning label and let nature take its course.
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Re: Inquiring Minds Want to Know. . .

Postby Colorado Osprey » Sat Aug 19, 2017 4:08 pm

This was posted on Olympic Arms web site as of 7-31-17

Thank you all for your years of patronage, and for continuing your interest with Olympic Arms. As time moves forward, we’d like to update our customers and followers with the latest information regarding the changes here at Olympic Arms.

First of all, we’d like to apologize for any confusion that currently may exist. Circumstances since our original announcement made January 2017 have changed, and remain fluid. During this period of change, we’d like to assure you that Olympic Arms remains open and active, and that you may continue to purchase with confidence.

Current market trends are forcing a restructuring of operations and an inevitable downsizing. However, at this time our full intent is to continue uninterrupted operations and pursue a variety of options that allow us to move forward continuing our innovation in the AR15 industry, and the possible expansion into other arenas within the industry. No paths are off-limits to our consideration.

You may have heard or understood that Olympic Arms is in the process of entertaining offers for the sale or restructuring of the company. This too is accurate. Some offers being considered include the complete transfer of ownership of Olympic Arms, while others may include a reorganization and moving forward with the same or similar management. At this time, we are not certain which outcome will prevail, so we continue to move forward with the utmost optimism.

It is probable that whatever solution is found, Olympic Arms will relocate within the next calendar year. This relocation will likely be a local move, but if the company is sold as entire entity, this decision will be made at that time, and every effort will be made to offer continued service to our entire customer base.

Thank you again for all your kind words, emails and phone calls of support during this challenging time. We will do our best to keep you posted as things progress.
Lets just remove all the warning label and let nature take its course.
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