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AmeraMex International Acquires Heavy Construction Equipment for Shipment to Developing Countries
| Source: AmeraMex International
CHICO, CA--(Marketwire - February 5, 2008) - AmeraMex International, Inc. (PINKSHEETS : AMMX ),
a provider of heavy equipment to shipping, construction, logging and mining
companies, today announced that it has purchased a package of pre-owned
heavy equipment that will be refurbished at the company's Chico facilities
and sold to customers in developing countries.
"There is a significant demand for affordable heavy equipment in the
developing countries," said AmeraMex CEO and President Lee Hamre. "We
continuously receive inquiries from countries such as Egypt, Vietnam, and
India for equipment used in infrastructure construction, particularly
roads. As we place new equipment with our customers in the U.S., we are
able to purchase older equipment that may not meet EPA Tier III
requirements, completely refurbish the equipment to like-new condition, and
market it to our international customers. This is a win-win solution for
our customers and carries a nice profit for AmeraMex."
According to AmeraMex CFO Warren Murphy, the company's pipeline remains
strong with approximately $24 million in prospective orders. AmeraMex
expects to report financial results its fourth quarter and year end in mid
March.
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.