CHICO, Calif., July 30, 2014 (GLOBE NEWSWIRE) -- AmeraMex International, Inc. (OTC:AMMX), a provider of heavy equipment for logistics companies (stevedoring/shipping), infrastructure construction, commercial farming and mining companies, announced that it has received commitment letters from two Niger banks to partner with the Niger Government in the purchase of trucks from the company. These letters have taken an extraordinary length of time as the country's people have been celebrating the Muslim holiday of Ramadan, which encompasses a 29 to 30-day period. Ramadan ended July 27.
AmeraMex CEO Lee Hamre commented, "Initially the funding organization required one Niger Bank's guarantee but then requested a second bank's participation. We have received the two banks' commitment letters and the next step is for the banks to prepare and submit their bank guarantees to the lender. We do not anticipate it taking a long period of time but we do not control the speed at which these documents will be drawn up, translated and submitted. We are represented by two AmeraMex consultants whose job is to monitor and accelerate the process. The acceptance of the bank guarantees by the funding organization executes the Agreement. We will issue a news release as soon as the final funding milestone has been met, added Hamre."
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 or www.hamreequipment.com.
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Source: AmeraMex International