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AmeraMex Announces Feasibility Study to Begin on Farming Project

Apr 15, 2011

 

AmeraMex Announces Feasibility Study to Begin on Farming Project

CHICO, CA – April 15, 2011 – AmeraMex International, Inc. (OTC: AMMX), a provider of heavy equipment to maritime logistics companies (stevedoring and shipping), infrastructure construction projects and commercial farming organizations, today announced that it and its farming partner have received a letter of authorization to proceed with the feasibility study necessary to launch a farming project in Africa.  The study is expected to be completed within 90 to 120 days after which time identified equipment needed to begin the project will be shipped by AmeraMex.

AmeraMex CEO Lee Hamre commented, “We are pleased to get the project underway and the feasibility study is the first step.  Conservatively, we believe the first and second phase of this project could generate orders in excess of $50 million over an 18 to 24 month period following the successful completion of the feasibility study.”

Hamre noted that the company's commodities division could begin shipping coffee beans within the next few weeks if the Ivory Coast's political unrest continues to diffuse. “Our goal is to reach breakeven by the first quarter of 2012 and the commodities division will play a significant role in helping us reach this goal,” added Hamre.

About AmeraMex International
AmeraMex International sells, leases, and rents heavy equipment to companies within four industries: construction (light and infrastructure), shipping, mining and agriculture. AmeraMex's largest product line is specialized container handling equipment that enables stevedoring companies to quickly and efficiently load and offload container and general freight ships dockside. AmeraMex, with customers in the Americas, Africa, Asia, and Eastern Europe, has over 30 years of experience in heavy equipment sales and service and inventories top-of-the-line equipment from manufacturers such as Taylor Machine Works Inc. and Terex Heavy Equipment. For more information visit the AmeraMex website, www.AMMX.net.
 
Forward-looking Statements
Except for the historical information contained herein, the matters discussed are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from any forward-looking statements made herein.
 
Media and Financial Contact:
Marty Tullio
McCloud Communications LLC
949.553.9748

 

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