International Projects RevenueGrowth of 71
Percent and Continued Profitability for 2013
CA – February 14, 2014 – AmeraMex
International, Inc. (OTC:AMMX), a provider of heavy equipment to
infrastructure, shipping, construction and farming companies announced
that it will be holding a shareholder conference call today at 9:30 a.m.
Pacific Time, 12:30 p.m. Eastern Time.
CEO Lee Hamre commented, “We have a growing list of new shareholders
that have read our past news releases but have not participate in past shareholder
conference calls; this has generated many questions regarding the status of
several projects and potential opportunities.
We will provide an in depth project update in today’s conference call.”
Revenue and income projections
Management projects revenue of approximately $5.8
million compared to revenue of $3.4 million reported for 2012 and net income of
approximately $500,000 (before possible adjustments) compared to net income of
$276,000 for 2012. The company will be
reporting 2013 financial results before March 31, 2014.
SEC audit status
The company is interviewing new auditing firms in the
Bay area that have a good understanding of our industry. Management will not renew the audit process
until they have all the monies set aside to complete the audit in a timely
Update on Niger activities/opportunities
Management returned from both China and Niger two weeks
ago. The pricing has been negotiated and
financing in place from Chinese equipment companies. Management will be returning
to Niger to present a proposal for the initial project, a $200 million fleet of
trucks, before the end of February. The company has been asked to provide
proposals for a solar energy project as well as a ‘dry’ port project.
$4 million project in Peru
The project in Peru has not been funded.
Order delays for farming and railroad project
While management and its partners continue an ongoing
dialogue with responsible agencies, the railroad construction project has been
delayed for at least two years; therefore, management is focused of projects
closer to being finalized.
Management is working with a New York-based financing
company and Chinese-based equipment financing groups.
Crude oil project
Management is collaborating with an oil drilling
company with the goal of forming an alliance with the government of The Congo for
in-country drilling of crude oil.
The company’s partners are local businesses in both The
Congo and Niger. These partners are AmeraMex’s
connection to the government officials in these areas. Management has visited both countries on two
occasions and believes they are close reaching an agreement on more than one
U.S. marketplace for sales and rental
The U.S. market for new equipment has shown some growth
but the rental market is beginning to take off as construction companies prefer
rental of necessary equipment versus capital outlay.
$2 million equipment bid from U.S. port
The bid has not been awarded as all ports within the
purchasing group must be in agreement and have monies allocated to purchase the
Progress marketing refurbished equipment
The market for refurbished equipment continues to grow
and all but seven of the 18 refurbished container handlers purchased in
September 2013 have been sold.
Management had identified several candidates for an
acquisition/merger strategy to provide diverse equipment and to support and
expand sales territories. When the U.S.
economy began to falter, a decision was made to forego the acquisition strategy
and put energies into expanding the company’s international presence in
Today’s call is scheduled for 9:30
a.m. Pacific Time, 12:30 p.m. Eastern Time.
All shareholders and members of the investment community are cordially
invited to participate in the conference call.
The conference call dial-in number for both U.S. and international
callers is 1-480-629-9664. Please
dial in to the conference five minutes before the call is scheduled to begin
and ask the operator for the AmeraMex conference call, ID 4660652.
An audio replay of the conference
call will be available from February 14, 2014 at 3:30 p.m. Eastern until
February 28, 2014 at 11:59 a.m. Eastern.
The replay can be accessed by dialing 1-858-384-5517 and entering conference pin number
About AmeraMex International
International sells, leases and rents heavy equipment to companies within four
industries: construction (light and
infrastructure), shipping logistics, mining and commercial farming. AmeraMex
International'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 the Americas, Africa, Asia and Eastern Europe, has over 30 years
of experience in heavy equipment sales and service and maintains an inventory
of top-of-the-line equipment and parts from manufacturers such as Taylor
Machine Works Inc. and Terex Heavy Equipment. For more information visit the
AmeraMex website, www.AMMX.net or www.hamreequipment.com.
Safe Harbor Statement
Except for the historical information
contained herein, the matters discussed are forward-looking statements made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, as amended. These statements involve risks and
uncertainties that could cause actual results to differ materially from any
forward-looking statements made herein.
Media and Financial Contact:
Marty Tullio, McCloud Communications LLC – 949.632.1900 – email@example.com
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