Ameri Metro Inc
The Company intends to focus on high-speed rail for passenger and freight transportation
and related and ancillary transportation businesses. The Companys business
plan plans for the development of various services for high-speed rail throughout
the United States. The Company intends to secure manufacturing and technologies
together with ancillary land development projects, sale of goods and services
to government, civilian and commercial end users.
The Company anticipates that it will, directly or through subsidiaries, develop
plans, and then coordinate and supervise the financing, construction and development
of such transportation projects by bringing together the resources, plans, financing,
approvals and technology needed to implement such transportation systems.
The Company has not commenced its revenue producing operations to date. The
Company intends to develop numerous projects as opportunities are presented
primarily in the transportation or transportation-related fields. The Company
believes that the need, demand and usage of alternative transportation such
as high speed rail are increasingly important as the United States adopts policies
to attempt to reduce its dependency on fossil fuels, particularly the automobile.
The Company intends to develop and prepare the designs and concepts for feasible
and profitable regional high-speed rail projects utilizing existing and new
railbeds, stations, and equipment. The Company will prepare the complete project
package including appraisals and estimates and will obtain contracts for the
development of the railbeds and purchase of the equipment. The Company will
present the complete project, working as project supervisor and coordinator,
to municipalities and regional government agencies. In addition to high speed
rail projects, the Company will also develop other selected transportation-related
projects that promote efficient and improved transportation structures or plans.
Funding for individual projects of the Company will occur from bond offerings
organized through various non-profit entities and organizations sponsored or
affiliated with municipal and government agencies. Certain of these non-profit
entities or organizations may themselves be affiliated with, or related to,
the Company and assist, or work in conjunction with, the Company in securing
contracts and funds to develop projects.
Through its subsidiary, GTI, the Company is also involved in the development
of a new toll road in the State of Alabama. The Company acquired from Penndel
Land Company (a company solely owned by the president of the Ameri Metro) the
contract rights to a construction agreement with the Alabama Toll Facilities,
Inc. ("ATFI", a non-profit company designated by the State of Alabama
to act as the project developer for such a toll road and on which the president
of Ameri Metro served as one of its four directors). As such the Company has
the development rights for such toll road. The Company will need to secure the
financing for the design, planning, engineering and related costs for the construction
of the toll road. If the Company is able to secure such financing, ATFI will
effect a bond offering to purchase the land on which the toll road is to be
located.