Exhibit 99.8
PRESS RELEASE
AMERICAN AMMUNITION, INC.
OTC: BB SYMBOL: AAMU
FOR IMMEDIATE RELEASE MEDIA CONTACT: ANDRES FERNANDEZ
(305) 835-7400
AMERICAN AMMUNITION COMPLETES RESTRUCTURING PLAN
Miami, Florida/January 9, 2006/American Ammunition, Inc. (OTC Bulletin Board:
AAMU) announced today that it has completed the restructuring of the Company
announced in 2005. AAMU has been assigned as the new trading symbol for the
Company effective as of the opening of the trading market today. Also as a part
of the restructuring plan the Company is now domiciled in Nevada. The Company
will continue its production in Florida. More details in the form of a 2005
corporate report will be released in the next few days.
Andres Fernandez, President and CEO of American Ammunition, Inc. stated that
"the completion of these steps will now allow us to focus on sales, cash flow
and increased production. Subsequent reports will demonstrate this fact. Our
last quarter certainly will bear this out." Paul Goebel, Director of Marketing
for American Ammunition, Inc., in further comments stated "our efforts in the
past 24 months to build markets through the dealer direct program, foreign
sales, as well as government contracts, can now be shifted to added production,
revenues, reduction of costs and greater efficiency to further drive AAMU
performance to a higher and more efficient level for the benefit of our
shareholders.
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:
1-305-446-4800 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 TEL: (305) 446-4800 Capital Investment Services Inc.