LAS VEGAS, Feb. 21, 2003 (PRIMEZONE) -- AmeraMex International, Inc. (Pink Sheets:AMMX) Charles B. Layton Sr., President, announced today that AmeraMex International Inc. has started additional timber deliveries to a large San Diego home builder, who specializes in log home construction. Layton stated, "We feel we are within 60 days of turning the corner of being where we want to be after two years of preparation." Recently AmeraMex announced a 100,000,000 board feet order from an Oregon-based lumber mill operation. Deliverers of that order started just a few months ago and could expand into several years of operation. The Company expects a future gross profit of over $20,000,000.00 US from this order alone. Additional equipment is arriving on a regular basis and is moved to AmeraMex's mill site located at Ojos Negros, Mexico. Next week experienced loggers from Northern California are coming into the area to assist in training the local logging and production crews.
AmeraMex is the only company to export timber by rail from Baja California to the United States and is considered to be the largest in operation in Baja California, Norte Mexico. AmeraMex's timber area begins near Ensenada, Mexico and at points is around 17 miles wide and close to 100 miles long. The Company is receiving a high demand for its products in both the local and export markets. Recently, the Company has begun to develop other markets; i.e. the manufacturing of pallets and dimensional lumber. AmeraMex is active in providing jobs for the local communities and works closely with the government agencies to help preserve and protect the forests for generations to come. More information can be found on AmeraMex's Web site: http://www.ammx.net
Safe Harbor Notice:
Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements reflect management's current views, are based on certain assumptions and reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing and access funds from our existing financing arrangements that will allow us to continue our current and future operations and whether demand for our products in domestic and international markets will continue and expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Statements made herein are not a guarantee of the future corporate or stock performance.