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Re: BARRENCE post# 31514

Wednesday, 06/15/2016 7:45:04 PM

Wednesday, June 15, 2016 7:45:04 PM

Post# of 51050
Maybe you're having trouble opening the full Seeking Alpha transcript. Here is the Nigeria section:

One of the top ten richest countries in Africa, we still have conditional equipment orders from Nigeria. These orders are in limbo until the new president of Nigeria has got a good solid footing. He has been in office about 4 or 5 months and he is the next thing that has to happen to start putting the deals together in Nigeria. He has to have a Minister of Finance which has now been appointed. He is organizing the money exchanging procedures which all has to be done prior to us selling as we don't want to be paid in Nigerian Naira. We want U.S. dollars so that delays things a little bit although the buyers ready to go.
We have the two machines in inventory that he wants to buy. These two machines will take about six to eight weeks for us to get them ready to go here in California, then they will go to Houston and put on a ship. Our partner in Nigeria owns a construction company there in addition to this business and we expect to be doing some orders for construction equipment also. The equipment we shipped during 2015 to Mali is now on site and working. The same buyer has discussed a second order for another approximately $1 million. We talk weekly and he is not quite ready to place the order but I anticipate he will do so in the next few upcoming weeks.
He is looking for some large dozers and road graders in addition to the excavators and other equipment that he has already bought from us. The quote for the equipment has been provided and we speak to the management like I said on a weekly basis. Today the order has not been awarded so, we do have a competition on the project. Most, everything we do we have somebody to compete with but we believe we have a good relationship with the company and the owner. I meet with him personally every couple of months and we essentially have shipped him equipment, we have sites in for the future deals for the quality equipment we sent and the good job we did.
As previously discussed the same company was awarded the contract for low cost housing in the Ivory Coast to our knowledge request for proposals has not yet been issued. They are just organizing how many homes and where they will be located. It's in the area of 10,000 low-end homes that they are going to build that will take quite a bit of equipment if it all comes together. Regarding the crane that we discussed in past calls, that Chevron on Nigeria who's buying, we bid on the order along with other companies and today the award has not been given out. I don't know why but we are in the running with the other people that have also quoted.
When it's buyer like Chevron, even if it's Chevron of Nigeria, we are not the only American company that gets asked to bid so, that's what I can't really give you a gut feeling on although I do know people on both ends supply and buyers that we have relationships with. To get more competitive in Africa and to open the door to opportunities, more easily finance, we are putting together an agreement with a tactical vehicle manufacturer that AmeraMex will have a dealer in contract with soon, to market specific types of vehicles that we will be able to sell in the West African countries.
I will start with Nigeria. We hope to have our dealership agreement signed by sometime in May. This is important to AmeraMex as it expands not only our product line but potential customer base. As core business, a wrap up, currently our pipeline for core business contains potential U.S. business, U.S. Government proposals, International Proposals for Africa and Central America and we believe the new product line would allow us to explore additional opportunities that require military type equipment and provide a pricing edge.
One additional product that we have signed a contract to be the distributor for is called a Menzi-Muck Spider Excavator. It's a very special machine and whenever you want to see what it looks like and operates, you can look on Google and look up Menzi-Muck and there's about a dozen videos showing that machine in operation. I suggest is some of you are interested and want to know more about what we do, bring that up on Google and look at it, it's pretty impressive.