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I found no mention of Armory Gun Co. at all in the "GunTrader's Guide". However, after a quick google search, I found a post on another forum about a "Armory Gun Co shotgun" that the owner wanted to replace the stock and forearm. A reply from DB, Gun Parts Corporation said that that name was used by Crescent Arms. Once again, no reference made in the "Gun Trader's Guide".
Apparantly, these companies, along with Rodgers Arms, were all owned by a parent company named H&D Folsom Arms.
From what little bit I was able to gather, these were relatively cheap guns sold in hardware stores etc. I know this does not really answer your questions but, what I was able to come up with might give you something to work with.

Steve
 
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