MIAMI, Dec. 19, 2003 (PRIMEZONE) -- American Ammunition, Inc. (OTCBB:AAMI), an autonomous manufacturer of small arms ammunition, announced today that Andres Fernandez, President and Chief Executive Officer of AAMI, was featured in an interview by MacReport.Net.
"We have accomplished so much in the past few years and I welcome any opportunity to share information about AAMI and its achievements with the general public," said Andres Fernandez. "We have attained the goals and objectives we set for ourselves in 2003 and are looking forward to exceeding them in the future. During 2002 and 2003, we eliminated long-term debt, expanded both our foreign and domestic sales, and diversified our product lines. These actions should have a very positive impact on 2004."
The interview is available at http://www.macreport.net/featured/AAMI/company.asp and will be updated in the future on a quarterly basis. The interview can also be accessed in the public companies section at http://www.macreport.net by typing "AAMI."
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 information, please call: 1-305-446-4800 or e-mail: CISintr@netscape.net.
This release contains statements that constitute forward-looking statements. 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.