LAS VEGAS, Oct. 12, 2009 (GLOBE NEWSWIRE) -- Throughout 2009, AmeraMex International Inc. (Pink Sheets:AMMX) has reported to the market its business development efforts in Africa, attempting to create a foothold in the emerging economies of the massive continent through personal meetings and a strong offer. Today's news from the provider of heavy equipment to infrastructure construction, stevedoring and mining companies announcing a $500,000 deal in Algeria proves the work is paying off.
A focus on Africa makes sense given that a lagging economy in the U.S. may cause some reticence to lay out the capital expense for heavy equipment while conversely, areas of Africa are literally building a better society. By sowing the seeds of opportunity in these developing regions, AmeraMex appears to be positioning itself uniquely with its combination of essential new and used heavy equipment.
In today's news, AmeraMex has added to its string of successes in Africa by reporting that it has received a $500,000 order for refurbished heavy equipment from a company located in Algiers, Algeria. Moreover, AmeraMex's CEO has stated that the company is currently working with the same Algerian group to finalize a $2 million contract for heavy equipment and the possibility of jointly opening an equipment yard in Algiers, Algeria and a major city in Tunisia.
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), Caterpillar (NYSE:CAT), and Terex Corporation (NYSE:TEX) has been published at: www.SmallCapSentinel.com/ammx
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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 services customers in North America, South America, Africa, Asia and Eastern Europe.
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