American Ammunition Begins Commercial Production of .223 Caliber Rifle Cartridge.Business Editors MIAMI--(BUSINESS WIRE)--Jan. 8, 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 ) is pleased to announce that it has started production of its new .223 caliber (5.56 MM) rifle round. AAMI expects to ship the first orders of this premier rifle ammunition in late February 2002. American Ammunition is aggressively entering into the market of the single largest volume rifle ammunition in the world. The .223 Caliber (5.56 MM) is the cartridge (1) See phono cartridge. (2) A removable storage module that contains magnetic disks, optical discs, magnetic tape or memory chips. Cartridges are inserted into slots in the drive, printer or computer. of choice throughout the world by Military, Law Enforcement, and Sporting Enthusiasts. The U.S. Army Operations Support Command alone has made plans to acquire over 300 million rounds of .223 caliber ammunition for fiscal year 2002. It is estimated that the worldwide demand for this ammunition is in excess of 1 billion rounds for 2002. "American Ammunitions's entry into this high volume and lucrative market will fuel our growth and name recognition. With our highly efficient and cost effective manufacturing procedures, we have the opportunity to partake in Verb 1. partake in - be active in participate, take part - share in something 2. partake in - have, give, or receive a share of; "We shared the cake" partake, share and impact one of the most profitable segments of the market," said Andres Fernandez, President and C.E.O. of American Ammunition. American Ammunition will provide the .223 through its established network of wholesale distributors. It also intends to pursue sales to Government Agencies directly through solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual responses and direct marketing. About American Ammunition Inc.: American Ammunition 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 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 a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , 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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