Message #22 From:
NewsBot Date: December 14, 2006 06:30:00 AM
AAMU News American Ammunition Expands 2007 Domestic Market
MIAMI--(BUSINESS WIRE)--American Ammunition, Inc. (OTCBB:AAMU) announced today that it is
finalizing its product line for 2007 and as a result has increased its
product selection by adding more items. The additional items are based
upon its analysis of niche markets not adequately served by competitors,
focusing on the cowboy action shooting market. AAMU will add new
offerings of 44-40 and 38-40 calibers. AAMU currently offers its .32 H&R
Magnum, .380 auto, 9mm, 38 Super, .38 Special, 357 Magnum, .44 Special
and .44 Magnum in this market. The new items will continue to fill a
market void.
This addition and consolidation of its products is in addition to its
previously announced expansion of its ECCO-AMMO™
line of products, which provides a lead-free projectile with reduced
lead pollutants sometimes referred to as “green”
ammo. This ammunition is ideal for indoor ranges since it disintegrates
upon impact and therefore does not ricochet.
“We continue to evaluate consumer demand for
market need and intend to supplement our product lines on an ongoing
basis as a means of increasing revenues and profits. The added product
lines also enable us to increase shelf space in existing sales
facilities thereby enabling us to fully support our dealer base,”
said Paul Goebel, National Marketing Director of American Ammunition,
Inc.
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.