I did see this press release a couple months ago but this is an old one which only refers to a letter of intent. To my knowledge nothing has been signed with American or any other company.
It is my understanding that American Ammunition is partnering with IMI and is marketing their ammunition in the U.S. IMI makes good ammo loaded with conventionally jacketed bullets. For years, American only produced / marketed ammunition loaded with thin-plated cast bullets. It's actually quite difficult to produce substandard ammunition when using conventionally-jacketed bullets, the right powder, and a plate loader.
As you know, Quik-Shok utilizes conventional a jacket. With that said, it would be a shame if Quik-Shok was never marketed again as I feel it's still the most devastating round extant.
Tom