UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 24, 2007
AMERICAN AMMUNITION, INC.
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(Exact name of registrant as specified in its charter)
Nevada 0-32379 91-2021594
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(State or other jurisdiction of (Commission (I.R.S. Employer
Incorporation or organization) File Number) Identification No.)
3545 NW 71st Street
Miami, FL 33147 33147
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(Address of Principal Executive Office) (Zip Code)
(305) 835-7400
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(Issuer's Telephone Number)
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the Registrant under any of the
following provisions:
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 4.02. Non Reliance on Previously Issued Financial Statements or a Related
Audit Report or Completed Audit Review.
American Ammunition, Inc. is referred to herein as "we", "us", or "our".
On August 22, 2007, our management concluded that the financial statements
included in our Forms 10-QSB for the calendar year 2006 and for the period
ending March 31, 2007, and our Form 10-KSB for the period ending December 31,
2006, all of which have been previously filed with the Securities and Exchange
Commission, need to be restated, due to the failure to include the beneficial
conversion feature discount on unsecured convertible indebtedness.
When reviewing the foregoing Forms 10-QSB and Form 10-KSB, shareholders should
consider that the reports are unreliable and that we will be filing amended
reports.
We have discussed such changes with Pollard-Kelley Auditing Services, our
independent registered public accounting firm as of June 26, 2007, who have
concurred with management as to the reexamination of the above mentioned issues.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.
American Ammunition, Inc.
Date: August 24, 2007 By: /s/ Andres F. Fernandez
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Andres F. Fernandez
Chief Executive Officer and
Chief Financial Officer