AmeraMex International Receives Orders Totaling $500,000 from South American Customers
Additional orders totaling $200,000 for spare parts expected this week
CHICO, CA – May 9, 2012 – AmeraMex International, Inc. (OTC:AMMX), a provider of heavy equipment to logistics companies (stevedoring), infrastructure construction, commercial farming and mining companies, announced it has received additional orders totaling $500,000 for heavy equipment from its South American customers. The equipment is in inventory and is expected to ship before the end of May. In March the company received orders totally approximately $1.7 million from South American.
CEO Lee Hamre commented, “South American countries are resource rich and busy exporting to other growth countries such as China, Russia and India. Countries such as Peru, Panama, Brazil and Chile are expecting growth rates from 9.8 percent to 6.78 percent and an International Monetary Fund economist projects overall growth in South America to be 3.7 percent for 2012 and 4.1 percent for 2013. We are developing a strong customer base in South America and look forward to expanding our outreach as we grow revenue.
“We are also continuing to make progress in Africa, home to the world’s six fastest growing economies,” continued Hamre. “In a statement just prior to the beginning of the World Economic Forum being held in Africa May 9-11, economists are discussing a 6 percent overall 2012 growth rate for Africa but many of its countries are facing significant challenges from resource price volatility and climate change to food insecurity and inadequate infrastructure. We continue to believe that Africa will present tremendous opportunities to AmeraMex and patient shareholders,” added Hamre.
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Marty Tullio, Managing Member