Message #14 From:
NewsBot Date: October 31, 2005 03:00:00 AM
AAMI News American Ammunition Weathers Hurricane Wilma and Expects to Meet Production Requirements
MIAMI--(BUSINESS WIRE)--Oct. 31, 2005--American Ammunition, Inc. (OTCBB:AAMI) AAMI announced today that it successfully weathered Hurricane Wilma, losing only one (1) day of operation, with minimal damage to its leased facility. More than 90% of its workforce returned to work and AAMI expects to meet its production commitments in a timely fashion. This is the second hurricane to affect the Miami, Florida area this year and AAMI has successfully weathered both.
AAMI is excited about its ability to maintain continued operations in order to meets its commitments for production of ECO-AMMO and to meet the demands of its Dealer Direct program. In September 2005 AAMI announced it received an extension on its existing contract with the Department of Homeland Security, Federal Law Enforcement Training Center for its ECO-AMMO product and has received significant orders under that contract. In addition it has maintained production for its Dealer Direct program as well as private label sources.
Andres Fernandez, President and CEO, and Paul Goebel, Director of Marketing for AAMI, stated, "The expansion of our sales program for Dealer Direct, Government Sales, and Private Label requires the Company maintain its current level of production uninterrupted and we are taking any and all steps necessary to see that this takes place."
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.
