AmeraMex International Names New Chief Operating Officer
LAS VEGAS, NV — June 13, 2008 — AmeraMex International, Inc. (OTC: AMMX), a provider of heavy equipment to shipping, construction, logging and mining companies, today announced that it has appointed John Muchnicki to the position of Chief Operating Officer, effective immediately. All departments and divisions within AmeraMex will be reporting to Mr. Muchnicki, who in turn will report directly to AmeraMex International CEO Lee Hamre. The company also announced the resignation of its CFO, Warren Murphy, who will maintain his position as a director on the AmeraMex Board and assist during the transition period.
“Warren has been a significant contributor to AmeraMex and an important strategic partner for the management team,” said AmeraMex CEO Lee Hamre. “The board of directors and I appreciate his leadership, dedication and expertise over the past years. As a member of the board, his knowledge of the company and years of industry experience will continue to be invaluable to the company.”
“We are pleased to have John join the AmeraMex management team,” continued Hamre. “He is a seasoned executive, whose depth of experience in strategic planning, corporate governance and executive leadership will be well utilized as we continue to grow the company both organically and through acquisition. John is a global marketing and sales executive with a strong reputation for building businesses. His years of corporate experience, which encompasses sales and marketing, finance, business development, merger integration, and domestic and international market expansion, will be of significant benefit to AmeraMex’s business strategy.”
Before assuming the position of COO, Muchnicki was a partner and COO in the New York-based merchant banking firm, Intellian Capital Advisors. Intellian is currently retained by AmeraMex to provide the company with guidance for the execution of its business plan and acquisition strategy. The Intellian model is to place key partners in strategic management positions to enhance the overall strength and versatility of their clients’ management team.
Prior to joining Intellian Capital Advisors, Muchnicki led a business development team for Questia America, which enabled the company to become the world’s largest online library. He has led divisional turnarounds for such companies as Scientific American, where the turnaround was based on the early adoption of CD-ROM technology. He also worked with Viacom, where he grew a division from $28 million to $56 million in revenue in two years. With Thomson International and Routledge, similar revenue increases precipitated the sale of the divisions in less than two years.
Muchnicki earned an undergraduate degree from Kean University in New Jersey, is a CE graduate of New York University, and received a Master of Business Administration from Columbia University in New York.
About AmeraMex International
AmeraMex International sells, leases, and rents heavy equipment to companies within four industries: construction (light and infrastructure), shipping, mining, and logging. 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 North America, South America, 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.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,” or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company’s mission and vision. The Company’s actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements.
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