American Ammunition Increases Production Capacity and Reduces Debt.Business Editors MIAMI--(BUSINESS WIRE)--Dec. 19, 2001 American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of 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 taken shipment of additional manufacturing equipment which will increase its manufacturing capacity. As part of American Ammunition's continuing program of increasing manufacturing output capacity and adding new products to its existing line of small arms ammunition Ammunition for small arms, i.e., all ammunition up to and including 20 millimeters (.787 inches). , the Company has purchased and received several manufacturing machines, which will increase its existing production lines output. This new equipment will significantly add to its already extensive manufacturing base, and will streamline production. "This additional equipment will allow us to meet the ever increasing demand for our products," said Andres Fernandez, President and Chief Executive Officer of American Ammunition. On another note: American Ammunition is pleased to announce that another of its creditors has chosen to convert $100,000.00 of indebtedness INDEBTEDNESS. The state, of being in debt, without regard to the ability or inability of the party to pay the same. See 1 Story, Eq. 343; 2 Hill. Ab. 421. 2. into common stock. "This debt conversion to equity is yet another sign of confidence in the long term performance of AAMI and its growing presence in this market," said Andres Fernandez, President and Chief Executive Officer of American Ammunition. 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 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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