American Ammunition 2002 Review - Increased Revenues/Debt Reduction.Business Editors MIAMI--(BUSINESS WIRE)--Jan. 13, 2003 American Ammunition, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AAMI AAMI Association for the Advancement of Medical Instrumentation AAMI Age Associated Memory Impairment AAMI American Ammunition, Inc (stock symbol) AAMI Australian Associated Motor Insurers Limited AAMI African-American Male Initiative ) announced today its year end milestones. Most significant was a 330% increase in revenues over 2001. Other significant items included sourcing long term investment capital with LaJolla Cove Investors, reduction of long term indebtedness by more than 50%, and diversification of the customer base which now includes exports to the Middle East and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . These positive factors poise the Company for continued growth in 2003. "As we set our sights on 2003, we intend to move forward with the same intensity that we did in 2002," stated Andres Fernandez, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AAMI. "Key areas we will be focusing on this year will be expansion of our markets into other countries, particularly increasing our market in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , while continuing to make a superior product at lower prices and upgrading our securities listing to AMEX AMEX See: American Stock Exchange . We are very excited at the prospects for this coming year." 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 Investor relations The process by which the corporation communicates with its investors. information, please call: 1-305-446-4800 or e-mail: CISintr@netscape.net. This release contains statements that constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . 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. |
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