AmeraMex
International Provides Niger Update
CHICO, CA, October 8, 2014
– AmeraMex International, Inc. (OTC:
AMMX), a provider of heavy equipment for logistics companies (stevedoring/shipping),
infrastructure construction, commercial farming and mining companies, provides
an update pertaining to the Niger project.
On July 30, 2014, the company announced that it
had received commitment letters from two Niger banks to partner with the Niger
Government in the purchase of trucks from the company. The funding organization along with the government
of Niger has now added a third bank, one of the largest operating in West
Africa, which will assist the private sector companies participating in the
infrastructure project. Management then
provided a time line on August 14 of six to eight weeks (October 1 – October
14) for the completion of the funding. Management
has now been told by our representatives working in Niger that currently over
half of the tractors and trailers have received the required signed contract
and agreement for the down payment; therefore, the criteria has yet to be fully
met but the entire project is well on its way.
AmeraMex
CEO Lee Hamre commented, “The Niger Truck Agreement, signed by the Niger
government, is moving through the process which was expanded by the banks and
government to ensure adequate funding. We will continue to share progress on
the funding but want to remind our shareholders that we are expanding our
customer base and growing our profitable core business, which is mainly the
sale of container handlers in all of the Americas.
“While
we are confident in the success of the funding, we are not putting all of our
energy into International export. We have
two AmeraMex consultants in the region to work with the Niger government on the
truck agreement and other opportunities. We have just received notice from Niger’s Minister of Defense that a $15
million proposal for late model construction equipment, submitted six months
ago, has passed the approval stage by Parliament. Business in Africa is abundant but takes
longer to culminate because of funding. For this reason,” added Hamre, “we are
always working hard on expanding our core business here in the Americas. This core business is what we know the best
and what we have been doing for over 37 years.”
About AmeraMex International: AmeraMex
International sells,
leases and rents heavy equipment to companies within four industries: construction (light and infrastructure),
shipping logistics, mining and commercial farming. 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 or
www.hamreequipment.com.
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.
Investor and Media Relations
McCloud
Communications, LLC
Marty Tullio, Managing Member
Office: 949.632.1900 or Marty@McCloudCommunications.com
# # #