American Ammunition Awarded Multiyear Federal Contract.Business Editors MIAMI--(BUSINESS WIRE)--July 7, 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 that it was awarded a multiyear federal contract with the United States Department of State Noun 1. United States Department of State - the federal department in the United States that sets and maintains foreign policies; "the Department of State was created in 1789" Department of State, DoS, State Department, State . The contract is for military-grade .223 rifle ammunition. The contract provides for minimum and maximum amounts of product under the contract and at this stage of the contract it cannot be determined how much product will be shipped under the contract. The end-user is the Colombian National Police The Colombian National Police (Spanish: Policía Nacional de Colombia) is the national police force of the Republic of Colombia. It is the largest legal paramilitary force in Colombia under the control of the Ministry of Defense. . "Being awarded this federal contract, along with our increased sales exports and expanded domestic commercial sales, helps solidify so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. our business and is consistent with our original business plan to diversify and increase our sales," 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 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: 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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