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American Ammunition Increases Product Line
Date: 11/06/2006
American Ammunition Increases Product Line
Monday November 6, 10:01 am ET
MIAMI--(BUSINESS WIRE)--American Ammunition, Inc. (OTCBB:AAMU - News) announced today that it is increasing its product selection for the Triton line of products. With the success of the Quick-Shok line, the natural progression is to reintroduce the HI-Vel line. This hollow point product line is designed for the personal protection and shooting market. The marketing addition of 8 new offerings (.32 H&R Magnum, .380 auto, 9mm, 38 Super, .38 Special, 357 Magnum, .44 Special and .44 Magnum) focuses on market share in areas that have not been fully pursued by American Ammunition.
"The idea is to place new items in areas of the market that we have not had a large presence with a low entrance cost. It also gives our dealers a larger selection of products from us. I'm excited about the direction of American Ammunition for the 2007 calendar year and what we can offer to our dealers," said Paul Goebel, National Sales and Marketing Director of American Ammunition, Inc.
About American Ammunition, Inc.- AAMU 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 2006 and beyond. For further product information, please call 1-305-835-7400 or visit the website at: www.a-merc.com. For Investor Relations information, please call: 1-561-514-0194.
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.