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AmeraMex International: AmeraMex International Plans Launch Into Ghana Construction Market

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  Published in Business and Finance on Thursday, May 28th 2009 at 7:06 GMT, Last Modified on 2009-05-28 07:07:33 by Market Wire
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CHICO, CA--(Marketwire - May 28, 2009) - AmeraMex International, Inc. (PINKSHEETS: [ AMMX ]), a provider of heavy equipment to stevedoring, infrastructure construction and mining companies, today announced the company has teamed with Michigan-based Railmark Inc. to propose a program for the rebuilding of Ghana's rail system. The initial phase of the program is valued at approximately $245 million. The complete project, including the repair or replacement of the 650-mile rail system, is estimated at $900 million. The program has been presented to the President of Ghana, and AmeraMex has been formally invited by the Minister of Transportation to meet in Accra, Ghana, on June 16 to discuss the issuance of contracts.

In addition to the rebuilding of Ghana's rail system, hand-picked personnel will be sent to the U.S. for a one-year training program that will include both classroom education and on-the-job training by Railmark personnel at one of their larger railroad companies.

AmeraMex's partner in the project, Railmark Inc., has performed extensive construction and project management for new rail systems in developing countries around the world. The company operates in several segments of the industry including railroad operations, tract construction and maintenance and rail freight logistics. The company also develops and markets a line of environmentally safe wood railroad ties, bridge components and railcar decking.

As part of the overall program, AmeraMex will provide a rock crushing system to Ghana for the manufacturing of ballast rock for the reconstruction. At the end of the project, the system will remain in Ghana to provide maintenance of the rail system. The final component of the program calls for Railmark to install their patented system for the manufacture of environmentally friendly railroad ties, which compete favorably with the traditional creosote ties currently used in a number of countries. The manufacturing plant in Ghana will remain operational for maintenance of the new railroad and to manufacture and export railroad ties to other African nations.

"We have been developing this project with the Ghana government and Railmark over the last six months," said AmeraMex CEO Lee Hamre. "Not only does this program provide significant opportunity for AmeraMex and its shareholders, but it provides new job opportunities for the people of Ghana and a considerably improved transportation system. The strength of AmeraMex International is its ability to develop networks for the distribution of equipment and expertise in developing countries, as well as in the U.S.," added Hamre.

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.