Exhibit 22.1
PRESS RELEASE
AMERICAN AMMUNITION, INC.
OTC: BB SYMBOL: AAMI
FOR IMMEDIATE RELEASE
MEDIA CONTACT: ANDRES FERNANDEZ
(305) 835-7400
American Ammunition ANNOUNCES INCREASED 2003 REVENUES and
12% FOURTH quarter ebitda EARNINGS
Miami, Florida/February 11, 2004/American Ammunition, Inc. (OTC BB: AAMI) AAMI
announced today preliminary results for 2003 indicate a 43% increase in total
sales over the prior year. This result is consistent with Company objectives to
increase revenues each year. Initial fourth quarter numbers indicate
profitability demonstrating earnings before interest, taxes, depreciation and
amortization ("EBITDA") of approximately 12% of total revenues for that quarter.
In addition to the sales increase, AAMI has obtained several long-term contracts
which should boost sales for 2004.
"We have set our goals high for 2004, and are determined to drive sales to new
levels this year. Enhanced revenues should translate to greater profitability
for the Company. We are very excited at the prospects for this coming year,"
stated Andres Fernandez, President and CEO of 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.
_______________________________________________________________________
Contact: Capital Investment Services, Inc., (305) 446-4800