AmeraMex International, Inc. (OTC; “AMMX”) announced today that it has started deliveries on a contract to supply up to 100,000,000 Board Feet of Timber from Baja Mexico. Charles B. Layton Sr., President and Chief Operating Officer, stated that the agreement is ongoing and will require additional funds for equipment to complete this order in a timely manner, two to four years.
The contract provided for additional funds from the purchaser to acquired additional timberland and equipment for AmeraMex. This order, as it stands, now would only represent approximately 60% of our expected output from the area and does not include potential sales from finished lumber. The company is currently harvesting timber in the Juarez Mountain Region and negotiating on additional property further south. Its current mill is the only one in the area operating and is in the process of further expansion.
Additional information can be found in an interview with the CEO, Howard Behling on CEOCAST.COM last Friday November 22, 2002. Safe Harbor Forward-Looking Statements Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies’ actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.
CONTACT: Howard Behling or Investor Relations AmeraMex International, Inc.
320 E. Charleston Blvd. Suite 204/126 Las Vegas, NV. 89104 Telephone 702.382.0607