AmeraMex
International Provides Shareholder Update
CHICO, CA – June 3, 2014 – AmeraMex
International, Inc. (OTC: AMMX), a provider of
heavy equipment for logistics companies (stevedoring/shipping), infrastructure
construction, commercial farming and mining companies, announced that Agreement
with Niger’s Minister of Transportation has been signed and will shortly be submitted
for financial review by lenders. The total value of the Agreement is valued at
$200+ million with the initial phase worth approximately $30 million. The Agreement must meet with approval of the
lenders before it can be executed.
In
addition to the truck Agreement being submitted to the financing entities, the $80
million Memorandum of Agreement for the solar project is on track and expected
within the next 30 to 45 days.
AmeraMex
CEO Lee Hamre commented, “We have successfully been selling refurbished
equipment into an expanding international customer base and the demand for
refurbished equipment continues to grow. One of our business strategies involves the continuing acquisition of
used equipment from our U.S. customer base as well as other organization. We
recently located two packages of used container handlers and trucks valued at approximately
$1.5 million and have entered a bid on both packages. The equipment, once refurbished, it is
expected to have a retail value of approximately $3 million.”
Hamre
continued, “We have a large potential project pipeline and are committed to
keeping our shareholders updated as orders are signed and specific milestones
met.”
About AmeraMex International: AmeraMex
International sells,
leases and rents heavy equipment to companies within four industries: construction (light and infrastructure),
shipping logistics, mining and commercial farming. AmeraMex,
with customers in the Americas, Africa, 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 or www.hamreequipment.com.
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.
Investor and Media Relations
McCloud Communications, LLC
Marty Tullio, Managing Member
Office: 949.632.1900 or Marty@McCloudCommunications.com
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