MIAMI---American Ammunition is pleased to announce that it has taken shipment of additional manufacturing equipment, which will increase its manufacturing capacity.
As part of American Ammunition's continuing program of increasing manufacturing output capacity and adding new products to its existing line of small arms ammunition, the Company has purchased and received several manufacturing machines, which will increase its existing production lines output. This new equipment will significantly add to its already extensive manufacturing base, and will streamline production.
"This additional equipment will allow us to meet the ever increasing demand for our products," said Andres Fernandez, President and Chief Executive Officer of American Ammunition.
On another note: American Ammunition is pleased to announce that another of its creditors has chosen to convert $100,000.00 of indebtedness into common stock.
"This debt conversion to equity is yet another sign of confidence in the long term performance of AAMI and its growing presence in this market," said Andres Fernandez, President and Chief Executive Officer of American Ammunition.
American Ammunition 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
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American Ammunition Increases Production Capacity And Reduces Debt
