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AmeraMex International Provides Company Update
Algerian Projects and U.S. Expansion to Open New Doors in Construction Equipment Market and Boost Sales
| Source: AmeraMex International
CHICO, CA--(Marketwire - December 18, 2009) - AmeraMex International, Inc. (PINKSHEETS : AMMX ),
a provider of heavy equipment to infrastructure construction, stevedoring
and commercial construction, today provided updates on their Algerian
projects and the planned merger between the company and Cromer Equipment
Co. of Oakland, California.
In early January, AmeraMex President and CEO Lee Hamre and Marchetti
Construction President Joseph Marchetti will be meeting in the U.S. with
Abdelbaki Talbi, Vice President of ETHPE Construction. During his visit,
Mr. Talbi will be examining 25 over-the-road trucks and 20 pieces of
miscellaneous heavy equipment, including bulldozers and garbage trucks,
which AmeraMex has readied for shipment to Algeria. All of the equipment is
new, as the Algerian government has banned the import of refurbished heavy
equipment.
Mr. Talbi's visit to the U.S. will be followed up in mid-January by a visit
to Algeria by Marchetti and Hamre to firm up the formation of a new company
with ETHPE's management. The first two construction projects have been
identified.
Lee Hamre commented, "Mr. Talbi will also be visiting a concrete pipe plant
that is on the market. The plant can be broken down for transport to
Algeria, where growing demands for modern infrastructure and public works
projects are on the rise. The concrete pipe plant would reduce project
costs significantly."
Cromer Equipment Co. of Oakland, California, is currently renting office
and shop space at AmeraMex headquarters for its sales rep and technicians
to sell and service some of the equipment lines Cromer represents and
services in Northern California. Cromer and AmeraMex have joined to buy a
package of used container handling equipment from a large customer who is
replacing its current fleet with up-to-date, EPA Tier III-compliant
equipment. The package is comprised of over 50 large machines, which
AmeraMex and Cromer have already begun transporting to the AmeraMex machine
yard for refurbishment and sale.
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.