Well the mystery’s over. Remington’s announced that its forthcoming Venture X project is a firearm incorporating TrackingPoint’s tracking technology—just as Nick “Soothsayer” Leghorn predicted. And tested. We’re talking about a Remington-branded “precision guided firearm” or (PGF as I’ve dubbed it) that makes the worst hunter into a Lauren Rich [gratuitously depicted above] or a gender appropriate version thereof and posts the whole thing to YouTube or Facebook. Now I could say something about the company that owns Remington and their track record with companies assimilated into the Freedom Group borg (cough Marlin cough) and the fact that Cerberus’ ballistic baby is on the chopping block (to be stripped and flipped by its owners to themselves) but that would be churlish. Enjoy the cash infusion gentlemen. You’ve earned it. Press release after the jump . . .
Remington Preparing for Bankruptcy
“Remington Outdoor Company Inc, one of the largest U.S. makers of firearms, has reached out to banks and credit investment funds in search of financing that will allow it to file for bankruptcy,” reuters.com reports. “The move comes as Remington reached a forbearance agreement with its creditors this week following a missed coupon payment on … Read more