SOURCE: AmeraMex International

December 18, 2009 10:00 ET

AmeraMex International Provides Company Update

Algerian Projects and U.S. Expansion to Open New Doors in Construction Equipment Market and Boost Sales

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.

Contact Information

  • Media and Financial Contact:
    Marty Tullio
    McCloud Communications LLC
    949.553.9748
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