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AmeraMex International Provides Update on Africa Developments
| Source: AmeraMex International
CHICO, CA--(Marketwire - August 18, 2009) - AmeraMex International, Inc. (PINKSHEETS : AMMX ),
a provider of heavy equipment to infrastructure construction, stevedoring
and mining companies, announced that they have met with Ghana's president,
John Atta Mills, and other government officials to review and finalize the
MOU outlining a program to rebuild/replace the country's current rail
system. Ghana, with a 3.5 percent growth rate, is one of the fastest
growing countries in Africa and requires a modern transportation system to
efficiently move products and people from city to city.
"The entrepreneurial spirit of the people that I met with and their
vigorous pace of business impressed me and should have the same effect on
companies looking to expand and invest in Ghana and Nigeria," said AmeraMex
CEO Lee Hamre. "We are pleased with the progress made in finalizing a more
conclusive MOU for the rail project and believe we will be able to provide
an update in the next few weeks."
In addition to the transportation project, AmeraMex, along with the CEO of
Idaho-based Walker Farms, presented a proposal outlining an innovative
technology plan to better feed the people of Ghana. The proposal not only
outlined the equipment required to plant and harvest crops but also
provided irrigation designs and natural fertilizers to boost production.
Hamre continued, "We have invited the President and Vice President of Ghana
to visit the model
15,000-acre Walker Farm where they can see how wheat, potatoes, corn and
barley are grown using the proposed technology to efficiently increase
production of locally grown food for the people of Ghana. A formal
invitation is being extended to Mr. Mills and Mr. Mahama this week. We
believe this proposal will move quickly through the approval process."
President Mills met with President Obama in July at which time President
Obama promised to provide West Africa with $3.5 billion to assist in
improving farming methodology currently used in Ghana in order to benefit
the people of West Africa. A portion of this funding is expected to
support the initial phase of the AmeraMex/Walker Farm proposal.
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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of the Securities Exchange Act of 1934, as amended (the "Exchange Act"),
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