SOURCE: Amtex Machinery, Inc.

October 24, 2007 13:33 ET

Amtex Machinery Begins Trading

BEVERLY HILLS, CA--(Marketwire - October 24, 2007) - Amtex Machinery, Inc. (the company) (PINKSHEETS: AMXY) today announced that on October 12, 2007 the company started trading its shares and the first day trading volume was 20,000 shares, closing at $0.60 per share.

The Company's President Shameem A. Gafur said, "We're extremely pleased and would like to thank all of our shareholders and believe this initial trading status will open the door for Amtex to enter into the capital markets for long-term sustainable growth in the textile industry. We intend to file the the necessary paperwork to take the company from unsolicited quote status to a fully reporting pinksheet company as soon as possible."

About Amtex:

Amtex Machinery, Inc. is a U.S. corporation engaged in buying and selling pre-owned textile machineries and complete plants world-wide. Our scope of supply comprises: Spinning, Weaving Preparation, Weaving, Knitting, Dyeing, Printing and Finishing, Generators, Compressors, Boilers etc. For additional information about Amtex Machinery, Inc. please visit: www.amtexmachinery.com

Forward-Looking Statements

Statements in this news release are "forward looking" as defined by the U.S. Securities and Exchange Commission and are based on expectations, beliefs or projections that are subject to numerous risks and uncertainties. Investors are cautioned that these statements are not guarantees of future performance, and actual results could differ materially.

Contact Information

  • Investor Relations Contact:

    Stephen E. Jones
    Newport Capital Consultant, Inc.
    Tel: 972-712-1039

    Shameem A. Gafur
    President
    Amtex Machinery, Inc.
    Tel: 310-860-7733 off.
    Cell: 310-867-1322