Message #21 From:
NewsBot Date: November 30, 2006 05:00:00 AM
AAMU News American Ammunition Expands ECO-AMMO(TM) Line
MIAMI--(BUSINESS WIRE)--American Ammunition, Inc. (OTCBB:AAMU) announced today that it
has added 7.62mmx39mm rifle ammo to expand its ECO-AMMO™
line of products. ECO-AMMO™ is a lead free
projectile with reduced lead pollutants sometimes referred to as “green”
ammo. ECO-AMMO™ is ideal for indoor ranges
since it disintegrates upon impact and therefore no ricochets. AAMU has
been acquiring and developing technology to market this
environmental-friendly ammunition for some time.
“There is an enormous number of weapons
chambered for this caliber. These include AK-47 style guns. The majority
of shooting enthusiasts are firing outdoors because of the limited types
of munitions available. By providing this round in a frangible
projectile, shooting enthusiasts will be able to enjoy their shooting
experience year-round in indoor facilities,”
said Andres Fernandez, President of American Ammunition.
About American Ammunition, Inc. - AAMU 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 2006 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: 1-561-514-0194.
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.
