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InvestSource Featured Company: Steadfast Holdings Group, Inc. (STHG.PK) Announces Agreement with Savage Arms to Coat Shooting Ranges

Steadfast Holding Groups Inc and Savage Arms announced today that they have signed the papers on a mutual agreement to coat two firing ranges with their Polyurea spray. This agreement is expected to generate $300,000 in annual revenue for the companies. According to John Calash, the CEO of Steadfast, this arrangement is only the beginning, “These are the first of several ranges we will be coating and what we visualize to be a long business partnership between Steadfast and Savage Arms.”

Steadfast holdings began as a company that creates spray on liners for the automotive industry, bonding to the bed of trucks, as well as selling other aftermarket products for the automotive industry. Their primary product, Polyurea, has potential applications in military, industrial and commercial arenas. Its many applications include acting as a barrier against chemical solvents and fuels on concrete and metal surfaces. Other products the company is licensed to sell are: A. R.E. Truck Caps and Lids, Tool Boxes, Nerf Bars, Tube Steps, Running Boards, Rack Systems, Rail Caps, Tonneau Covers, Fender Flares, Grilles, Visors, Bug Shields, Roll-Up Covers, Side Rails, Mud Guards, Floor Mats, Lights, Trailer Hitches, Stainless Steel Accessories and Lift Kits.

The Savage Arms Company has dealt in Arms and Ammunition since 1894. They are based in Utica, N.Y. and in addiction to arm,; the company also owns shooting ranges and a line of retail clothing. In 1992 they patented an Eco-friendly shooting range system, SNAIL, which has been adopted by the NRA, FBI and many Special Forces Units.

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