American Ammunition Appoints Exclusive Representative in Colombia.Business Editors MIAMI--(BUSINESS WIRE)--May 28, 2002 American Ammunition This article is largely based on the article in the out-of-copyright 11th edition of the Encyclopdia Britannica, which was produced in 1911. It should be brought up to date to reflect subsequent history or scholarship (including the references, if any). (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 ) has appointed Imdicol Ltda., ("Imdicol") as its exclusive representative for AAMI products in Colombia. Imdicol has deposited the required funds with AAMI in order to secure the exclusivity agreement for AAMI products for Colombia through December 31, 2002. The agreement and performance thereunder will be reviewed at that time. "We feel that this strategic alliance with Imdicol will assist us in increasing our presence in 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. , as well as Colombia. Our proximity to the region will allow us to provide better service. This is consistent with our overall conservative strategy in diversifying our customer base and adding sources of revenue for the Company," said 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. For further product information, please call 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 toll free: 1-800-288-7499 or e-mail: info@dpmartin.com 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. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. 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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