Bushmaster Firearms Maine Factory To Close

Freedom Group, Inc. Announces Facility Closure.

Madison, NC –-(Ammoland.com)- Freedom Group, Inc. (“The Company”), the world’s leading innovator, designer, manufacturer, and marketer of firearms, ammunition, and related products for the hunting, shooting sports, law enforcement, and military markets announced today that it will close its Bushmaster Firearms International manufacturing facility located in Windham, Maine, effective March 31, 2011.

The Bushmaster brand and products remain key strategic assets within the Freedom Group portfolio.

The Company will relocate manufacturing of all Bushmaster products currently produced at Windham to other, existing Freedom Group Facilities.

The move will have no impact on customers or the existing supply base. The Company noted that all affected employees will be offered a comprehensive severance package, including outplacement services.

John B. Blystone, Chairman of the Board of Directors, commented, “We are continuing to adjust our operations in order to remain competitive and to continue to grow. Given increasing costs and pricing pressures affecting the entire firearms industry, this action is clearly necessary and responsible.”

Investor Contact:

James R. Palczynski ICR, Inc. (203) 682-8229

Media Contact:

Michael Fox ICR, Inc. (203) 682-8218

Company Contact:

Jessica Kallam Freedom Group, Inc (336) 548- 8578

Roy Gifford Freedom Group, Inc.(336) 548-8691

About Freedom Group, Inc:

Freedom Group is the world’s leading innovator, designer, manufacturer, and marketer of firearms, ammunition, and related products for the hunting, shooting sports, law enforcement, and military markets. As one of the largest manufacturers in the world of firearms and ammunition, we have some of the most globally recognized brands including Remington, Bushmaster, DPMS/Panther Arms, Marlin, H&R, Parker, EOTAC, Mountain Khakis, AAC, and Dakota. The Company distributes its products throughout the U.S. and in over 80 foreign countries. More information about the Company can be found at www.freedom-group.com.

The Company assumes no obligation to update publicly such forward–looking statements, whether as a result of new information, future events or otherwise.