PRNewswire-FirstCall via COMTEX/ — AmeraMex International Inc. (OTC: AMMX) Howard Behling, CEO announced today that the company has mutually rescinded their agreement with AMFS dated March 17, 2002. Both companies felt that the timing now of such an acquisition would not be in the best interest of their respective shareholders. In addition, Howard Behling and Chuck Layton both resigned from Resource Asset Management Inc.(OTC Bulletin Board: RAMG) as Officers and Directors.

In a none related transaction both Behling and Layton mutually rescinded an equipment transaction that dealt with Southwick Inc. Behling stated that, “We can now put back full effort in harvesting timber and producing lumber products in Baja Mexico.” AmeraMex is a natural resource company supplying building materials. Their products include timber, lumber, and operate a small pallet operation near Ensenada, B.C. Mexico.

The statements in this press release relating to matters that are not historical are forward-looking statements which involve risks and uncertainties including, without limitation, economic and competitive conditions in the market served by the Company affecting the demand for the Company’s products, product pricing, market acceptance, access to distribution channels, availability of new financing, and other risks detailed from time-to-time in the Company’s press releases. These risks could cause actual results to differ materially from those anticipated and described herein.