Investor Relations

A Brief History: How EABCO Was Capitalized

E. Arthur Brown Company started as a sole proprietorship and began its firearms related business in 1989 with a reloading product called "The Lee 1000 Tune-up Kit". We followed that with an adjustable charge bar for Lee powder measures and began to expand our mail order business with unique hunting and shooting accessories. In 1990, we got involved with handgun metallic silhouette competition and bought the BF Pistol design from BF Arms. We refined the design as well as the manufacturing techniques to make it and campaigned this product into the dominant long range Production pistol among IHMSA competitors (IHMSA - International Handgun Metallic Silhouette Association). At the same time, we were introducing our 97D rifle based on the BF action, we had developed a strong business making custom barrels for Thompson Center Contender and Encore, and we were expanding a very successful product line for the Ruger 10/22.

It was clear at this point that we'd taken the business as far as it could go on personal debt. We decided to incorporate and began to sell shares in the company. The first stage in our capitalization was to attract a small number of big investors. Once that was achieved, we did a SCOR offering to attract a large number of small investors (SCOR stands for Small Corporate Offering Registration). The capital raised was used to hire people, purchase machinery, and move to a larger building. Within two years of that, the company began making a profit and supporting its own growth... And that's how we've funded growth ever since.

Since that time we purchased an even larger building in Garfield, MN (our current location), added more machinery, employees, and product lines. We now manufacture accessories and offer custom services for several brands of firearms as well as our own.