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AmeraMex International Plans Launch Into Ghana Construction Market
$245 Million Project to Rebuild Phase One of Ghana's Rail System
| Source: AmeraMex International
CHICO, CA--(Marketwire - May 28, 2009) - AmeraMex International, Inc. (PINKSHEETS : AMMX ),
a provider of heavy equipment to stevedoring, infrastructure construction
and mining companies, today announced the company has teamed with
Michigan-based Railmark Inc. to propose a program for the rebuilding of
Ghana's rail system. The initial phase of the program is valued at
approximately $245 million. The complete project, including the repair or
replacement of the 650-mile rail system, is estimated at $900 million. The
program has been presented to the President of Ghana, and AmeraMex has been
formally invited by the Minister of Transportation to meet in Accra, Ghana,
on June 16 to discuss the issuance of contracts.
In addition to the rebuilding of Ghana's rail system, hand-picked personnel
will be sent to the U.S. for a one-year training program that will include
both classroom education and on-the-job training by Railmark personnel at
one of their larger railroad companies.
AmeraMex's partner in the project, Railmark Inc., has performed extensive
construction and project management for new rail systems in developing
countries around the world. The company operates in several segments of the
industry including railroad operations, tract construction and maintenance
and rail freight logistics. The company also develops and markets a line of
environmentally safe wood railroad ties, bridge components and railcar
decking.
As part of the overall program, AmeraMex will provide a rock crushing
system to Ghana for the manufacturing of ballast rock for the
reconstruction. At the end of the project, the system will remain in Ghana
to provide maintenance of the rail system. The final component of the
program calls for Railmark to install their patented system for the
manufacture of environmentally friendly railroad ties, which compete
favorably with the traditional creosote ties currently used in a number of
countries. The manufacturing plant in Ghana will remain operational for
maintenance of the new railroad and to manufacture and export railroad ties
to other African nations.
"We have been developing this project with the Ghana government and
Railmark over the last six months," said AmeraMex CEO Lee Hamre. "Not only
does this program provide significant opportunity for AmeraMex and its
shareholders, but it provides new job opportunities for the people of Ghana
and a considerably improved transportation system. The strength of AmeraMex
International is its ability to develop networks for the distribution of
equipment and expertise in developing countries, as well as in the U.S.,"
added Hamre.
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
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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.