CHICO, Calif., May 20, 2014 (GLOBE NEWSWIRE) -- AmeraMex International, Inc. (OTC:AMMX), a provider of heavy equipment for logistics companies (stevedoring), infrastructure construction, commercial farming and mining companies, is providing an update to the Memorandum of Agreement (MOA) between Niger's Ministry of Transportation and the Company.
Management spent five days in China with three representatives from Niger's Ministry of Transportation and management of a Chinese vehicle manufacturer reviewing truck models and specifications as outlined in AmeraMex's proposal to Niger for approximately 3,000 trucks. The order is valued at approximately $300 million over a thirty-six month period.
AmeraMex CEO Lee Hamre commented, "The due diligence was completed as outlined under the MOA and the trip was a great success. The next step will be our drafting of the agreement (contract). Once completed, the agreement will be presented to the Minister of Transportation and Prime Minster of Niger for signature. Once signed, the agreement will be provided to the lender for final approval. We will keep our shareholders apprised of the progress."
About AmeraMex International
AmeraMex International sells, leases and rents heavy equipment to companies within four industries: construction (light and infrastructure), shipping logistics, mining and commercial farming. AmeraMex, with customers in the Americas, Africa, 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.
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