AMERAMEX TO RECEIVE SIGNED MOU FOR GHANA FARMING PROJECT
CHICO, CA – August 31, 2009 – AmeraMex International, Inc. (OTC: AMMX), a provider of heavy equipment to infrastructure construction, stevedoring and mining companies, announced that a signed MOU from Ghana’s vice president, John Dramani Mohama, is expected late next week. The MOU will stipulate the terms and conditions of a program to improve the farming methodology currently used throughout Ghana and other African countries. The MOU will form the basis for contract development between Walker Farms and the country of Ghana.
This opportunity would substantially increase AmeraMex revenue over the next five years, as it includes a substantial yearly commission and will generate revenue on 600 plus farm tractors, road graders, bulldozers, front-end loaders and heavy duty trucks for transportation of products.
The first step of the farming project is to build storage facilities for harvested grains. Proper storage will allow corn and other grains to be stored up to three years. This provides farmers the ability to store their grain and sell at higher prices or have a reserve for years when crops are not plentiful. According to AmeraMex CEO Lee Hamre, building the storage facilities can begin 90 days after the agreement is finalized and will be followed by clearing the land and planting the first crop within 120 days.
“The program is for the development of approximately one million acres of farm land over the next five to 10 years,” said Hamre. “The initial phase calls for the development of 100,000 acres with an additional 100,000 cleared and made ready for planting every six months thereafter until the full one million acres are in production. If the schedule is met, the million acres can be productive in just over five years,” added Hamre.
Hamre continued, “We have been in communications with a new customer in Algeria that has committed to the purchase of approximately $500,000 in used heavy equipment and are awaiting the purchase order. As there are no heavy equipment dealers in Algiers, Algeria, we are discussing a partnership for the import and sales of equipment into the country.”
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.
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