AmeraMex Completes Merger Negotiations
CHICO, CA — January 11, 2007 — Lee Hamre, President of AmeraMex International, Inc. (PINK SHEETS: AMMX), announced that 2007 is looking like it should be a great year. As anticipated, the merger agreement which has been in negotiation with Sierra Industrial Equipment Company of Las Vegas appears to be complete. Mr. Hamre confirmed, “We have agreed upon a purchase price, terms, and future growth plans for the territory.” AmeraMex International has already secured the dealership contract to market Terex Heavy Equipment in the state of Nevada and will represent Terex in most all product areas from telehandlers, excavators, front end loaders, graders, back-hoes, and mini excavators to large mining equipment. Mr. Hamre continued, “Our merger has been agreed upon and the details have been worked through. All parties involved are ready to move ahead.” The merger agreement will be drawn up and signed by the end of February to start business as a new DBA of AmeraMex International. Management expects with this merger, the potential growth for AmeraMex could almost double gross sales from 13 million to over 20 million within 2 years. Mr. Hamre added, “The Terex Factory and Sales team is very aggressive in assisting their dealers with low interest plans and very competitive prices to make retail sales of equipment easier.”
Safe Harbor Statement
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AmeraMex International Inc.
Warren Murphy or Susan Anderson
1-800-540-AMMX (2669) (Investor Relations)