AmeraMex International Inc. (AMMX)

[garronsc]

Additional Research - Part 1

First - let me state that the goal of this research is to maybe get independent verification of the Ameramex press releases about Niger, and in so doing, perhaps establish some confidence into the stock price if it can be found.

The previous "chinese" articles I posted mentioned "institutional support of the 10th EDF road program" for the Niger fleet renewal project - so I did some digging into "10th EDF". (please click on the Reply link above if you need to see those articles)

EDF stands for European Development Fund which is a huge financial aid package created by the EU for helping developing countries. The 10th EDF is simply the 10th iteration of rules and fund commitments from each EU country since the program began.

The following is from a "Winning Business in Africa" guide and it provides a good explanation about how the EDF benefits other countries like Niger:

"A significant proportion of European Commission development funding is used to help partner countries improve their transport systems and overall infrastructures. The EU aims to help partner countries improve transport as a means of achieving broader goals of reducing poverty, sustaining economic growth and stimulating social development. To achieve the set goals, the Commission works in partnership with country stakeholders as well as other aid donors through regional and continental programmes.

The EU finances several infrastructure/transport projects through the EU-Africa Infrastructure partnership with the goal to ensure national and regional networks for transport, water, energy, telecoms and related services.

The EU-Africa Infrastructure partnership is financed by the following sources:
* EU Infrastructure Trust Fund - implemented jointly with the
European Investment Bank (EIB)
* European Development Fund (EDF) - regional and national resources
* Intra-ACP resources "

Source: http://www.ieef.ie/Sectors/IEEF/IEEF.nsf/vPages/Press_and_Publications~winning-business-in-africa---building-a-cluster-for-infrastructure-projects-13-09-2012/%24file/Winning%20Business%20in%20Africa%20Market%20Assessment%20Summary.pdf

The EU also provides a terrific site explaining all aspects of the EDF. See http://ec.europa.eu/europeaid/node/1079

The next post (Part 2) will show possible evidence of a strong link between Ameramex press releases and Niger's attempt to secure financing for the fleet renewal project (truck purchases) through the EDF.