LAS VEGAS, Aug. 19, 2009 (GLOBE NEWSWIRE) -- For emergent companies there is rarely news more important than that of increased revenues, not just in the obvious benefit of a sustaining influx of capital to the company, but also in the implied value to existing and prospective shareholders. And when a company like AmeraMex International Inc. (Pink Sheets:AMMX), a provider of heavy equipment to infrastructure construction, stevedoring and mining companies, announces it has agreed in a Memorandum Of Understanding ("MOU") with Ghana's Minister of Transportation to be the lead company in the rebuilding of railroads in one of West Africa's fastest-growing countries, it should turn heads.
A report focusing on AmeraMex International Inc. (Pink Sheets:AMMX) and of interest to investors of international heavy equipment companies CNH Global N.V. (NYSE:CNH), H&E Equipment Services, Inc. (Nasdaq:HEES), Caterpiller (NYSE:CAT), and Terex Corporation (NYSE:TEX) has been published at: www.SmallCapSentinel.com/ammx
Per the memorandum, AmeraMex will be the lead company in a $245 million project to rebuild Ghana's rail system. The MOU outlines the financial terms and project milestones for the initial phase of a $245 million rail project. AmeraMex will be partnering in this project with a construction company and AmeraMex's portion of the contract will include all equipment required for reconstruction as well as replacement rail and power equipment.
AmeraMex International sells, leases, and rents heavy equipment to companies within four industries: construction (light and infrastructure), shipping and mining. 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, Africa, 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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