American Ammunition Meets Fourth Quarter Goals.Business Editors MIAMI--(BUSINESS WIRE)--Dec. 17, 2002 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). , 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 ) is pleased to announce that it will complete its fourth quarter December 31 and is on target to meet its goals. Final sales and revenue numbers will be released as soon after the end of the year as possible. The following are some of the key milestones AAMI has met for this period: -- AAMI reached its third quarter sales and revenue goals, posting a 31% increase in sales over the second quarter, and a 210% increase over the first quarter. Sales for the nine month period ending September 30 were 270% over comparable 2001 figures. -- Signed a $2,750,000.00 Funding Agreement with La Jolla Cove Investors with proceeds to be used to increase production output and enhance growth. -- Capital Investment Services, Inc., a premier Investment Banking and Investor Relations firm initiated analyst coverage on AAMI. -- Signed Sales Agency Agreements with Donaldson & Associates, Laylock & Associates and Binet Company, completing its nationwide sales network throughout the continental United States as well as Alaska and Hawaii. -- Announced 43% total bank debt reduction in 2002. -- Implemented "Just In Time" inventory control while continuing increased productivity and sales. 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 stated, "Establishing our ability to fund operations while increasing sales and revenues plus establishing an AAMI nationwide sales network is most gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. and assures AAMI a place in the market." 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. 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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