American Ammunition Completes Restructuring and Acquisition.

Business Editors

MIAMI--(BUSINESS WIRE)--Sept. 11, 2001

American Ammunition, Inc. (Pink Sheets:AMAM) announced today that on July 17, 2001, the Corporation approved a change of its name, Greatestescapes.com, Inc., to American Ammunition, Inc., and approved authorization in its Articles of Incorporation to issue 50,000,000 shares, par value of $.001, of preferred stock of the Corporation upon such terms, conditions, privileges and limitations as the Board of Directors deems appropriate. These two (2) transactions were approved by the shareholders by consent and the Amended Articles of Incorporation were filed with the appropriate state agency on July 23, 2001. On that same date, the Company also authorized a reverse split of its common stock at a rate of 1 for 200, with the proviso that no shareholder holding more than 500 shares of stock have their stock reduced below 500 shares of stock and that no shareholder holding less than 500 shares of stock have any such reduction in the amount of stock owned by such shareholder. This reverse split is effective for all shareholders of record on July 17, 2001, and was implemented on electronic and other quotation systems at the close of business on August 13, 2001. The Company is now quoted under the trading symbol AMAM.

American Ammunition, Inc. f/k/a Greatestescapes.com, Inc. (the "Company"), a Nevada corporation and F.&F. Equipment, Inc., a Florida corporation, and the individual holders of all of the outstanding capital stock of F.&F. Equipment, Inc. ( the"Holders") entered into an Agreement to effect a reverse acquisition (the "Reorganization") pursuant to a certain Share Exchange Agreement ("Agreement") to be effective July 20, 2001, and to be completed on or before August 31, 2001. Final steps required to fully complete the transaction occurred on August 31, 2001. Pursuant to the Agreement, the Holders tendered to the Company all issued and outstanding shares of the stock of F.& F. Equipment, Inc. in exchange for 25,000,000 postsplit shares of common stock of the Company. Total issued and outstanding shares immediately following the closing totaled 25,100,246. The Reorganization is being accounted for as a reverse acquisition.

As part of the closing of the Reorganization, the Board of Directors was reconstituted and Andres Fernandez, Emilio Jara, Amelia Fernandez, Stephan H. Durland, Maria A. Fernandez, Len Hale and Robert Escobio were elected to serve on the Board of Directors of the Company (the "Board"). The then sole Officer and Director of the Company tendered his resignation in accordance with the terms of the Agreement which was accepted effective August 16, 2001. The Board subsequently appointed Andres Fernandez as Chairman, President and Chief Executive Officer; Emilio Jara as Vice President of Operations and Secretary; Amelia Fernandez as Vice President; Stephan H. Durland as Chief Financial Officer; and Joe Fernandez as Production Manager.

This release contains statements that constitute forward-looking statements 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.