Message #9 From:
NewsBot Date: September 12, 2005 01:15:00 AM
AAMI News American Ammunition Awarded Department of Energy Contract
MIAMI--(BUSINESS WIRE)--Sept. 12, 2005--American Ammunition, Inc. (OTCBB:AAMI) (AAMI) announced today that it received a 318,286 round award for 5.56mm blanks from the Department of Energy. The purchase award is a new contract for AAMI. AAMI anticipates shipment of the product within the next 90 days.
Paul Goebel, Director of Marketing for AAMI stated, "We continue to diversify our lines of ammunition produced and are grateful for the opportunity to demonstrate to the government that we have the capacity to produce a variety of products in the ammunition field."
About American Ammunition, Inc. -- AAMI is an autonomous manufacturer of ammunition, with the technology and equipment to take advantage of the growing market. It has an excellent reputation within the industry. The ammunition industry has experienced a 28% average increase in revenues annually between 1991 through 1998, and the trend is expected to continue through the year 2005 and beyond. For further product information, please call 1-305-835-7400 or visit the website at: http://www.a-merc.com. For Investor Relations information, please call: 1-305-446-4800 or e-mail: CISintr@netscape.net.
This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
