Message #15 From:
Stock News Bot Date: November 7, 2005 02:30:00 AM
AAMI News American Ammunition Receives Additional 4 Million Round Order under Multiyear Federal Contract
MIAMI--(BUSINESS WIRE)--Nov. 7, 2005--American Ammunition, Inc. (OTCBB: AAMI) announced today that it received an order dated October 19, 2005, for an additional 4 million rounds of military grade 5.56 rifle ammunition under the multiyear federal contract with the United States Department of State. Delivery is to be made before January 20, 2006. This ammunition is destined for the Government of Colombia, its end-user. All orders under the multiyear federal contract are approved the U.S. Department of State prior to shipment. This additional 4 million round order is in addition to other orders received under this contract prior to this time.
"We are thrilled with the continuing orders that AAMI is receiving. It strengthens our growth and quality as a company in the market place." said Paul Goebel, National Sales and Marketing Director of American Ammunition, Inc.
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: 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.
