The company has projected $4 million in orders from the opening of a new port in El Salvador. To date the company has received over $2 million in orders, with the remaining $2 million expected by August. AmeraMex is preparing to ship to Honduras a second order for four additional large container handling machines totaling approximately $250,000. The company also will be conducting a training program for employees at both the Honduras and El Salvador ports.
Central America is becoming a hub for importing and exporting goods in the region. This increase in shipping activities has logistics companies ordering additional container handlers to increase the speed and efficiency of loading and unloading shipping containers dockside.
“Central American countries are gearing up for container shipments both in and out of any country bordering the Gulf of Mexico and the Pacific Ocean,” said AmeraMex CEO Lee Hamre. “As cargo ships are getting larger, they are having difficulty navigating the Panama Canal and are beginning to use alternative transfer companies to move loaded containers from the Pacific to the Gulf and back. There is a project in place to widen the Canal, but it is expected to take eight to ten years to complete. In the meantime, Central American ports are gearing up for business, and we believe our reputation as a ‘one-stop-shop’ for quality container handlers, parts, and operator training will provide us a competitive edge with governments in the region.”
Hamre continued, “We believe our efforts to expand our pipeline in Africa and Central and South America will generate a banner year for AmeraMex.”
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.
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