AMMX - Added To The Guru's Buy and Hold List

After today's press release and subsequent price action, the Guru has added AMMX to his buy and hold list.  At the current prices this stock is undervalued.  I told subscribers today that the $.015 price, which was hit today, would represent a bottom in the recent trading range. 

I see the opportunity for future price gains outwieghing the risk of any additional selling.  A purchase of shares anywhere below the $.02 price represents, in my opinion, an almost certain 50-100% short term gain potential.  At some point this year I see this stock trading over $.04, mind you I am usually very conservative with my estimates and with continued growth this stock could very well see $.10.

Today's Press Release:

AmeraMex International Receives $4 Million Equipment Order
New Government Owned Port in Central America Orders Container Handlers
CHICO, CA, Feb 01, 2010 (MARKETWIRE via COMTEX) -- AmeraMex International, Inc. (PINKSHEETS: AMMX), a provider of heavy equipment to infrastructure construction, stevedoring and commercial construction, today announced that it has received a verbal commitment for refurbished container handling equipment totaling $4 million. The customer has inspected the equipment and, upon return to Central America, will process the deposit confirming the final order. The confirmation is expected to take place within seven business days. "The current economy has created such a competitive environment that we do not want to announce the name or location of our customer," explained AmeraMex CEO Lee Hamre. "The equipment is expected to be delivered within 60 days, just in time for the opening of the new port. We are pleased with the order and expect to be on target by the end of the first quarter to meet or surpass our 2008 revenue of $24 million."
Hamre continued, "While 2009 was a difficult year for many companies, including AmeraMex, we were able to develop strong relationships with synergistic companies here in the U.S., and expand our reach into several high-growth countries including Algeria, Ghana and Nigeria. We believe these relationships will generate the revenue to propel the company to the best year in its history. We expect to provide much awaited updates to our shareholders in the near future."
The equipment being shipped to Central America is part of a package of used container handling equipment AmeraMex purchased for refurbishment and resale.
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.

Media and Financial Contact:
Marty Tullio
McCloud Communications LLC
949.553.9748
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