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AmeraMex to Receive Signed MOU for Ghana Farming Project
| Source: AmeraMex International
CHICO, CA--(Marketwire - August 31, 2009) - AmeraMex International, Inc. (PINKSHEETS : 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.
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.