Investor and Media Relations
McCloud Communications, LLC
Marty Tullio, Managing Member
Office: 949.632.1900 or Marty@McCloudCommunications.com
AmeraMex International Provides Shareholder Update and
Announces $410,000 Equipment Order
Projections for the first
quarter ended March 31, 2015
CHICO, CA – April 22, 2015
– AmeraMex International, Inc. (OTC:AMMX), a provider of heavy equipment
to infrastructure, shipping, logging and construction companies provided a
shareholder update and projections for the first quarter ended March 31, 2015.
First Quarter Projections:
Revenue for the first quarter is
projected to be approximately $936,000 with gross profit for the quarter of
approximately $563,000. Profit for the
quarter is expected to be approximately $25,000. A news release will be disseminated within
the allotted 45-day period beginning the end of the first quarter. With the
company 2014 year-end conference call coinciding with the end of its first
quarter, the company will not hold a first quarter conference call.
AmeraMex CEO Lee Hamre met with
the director of ECOBank, the lead funding organization for the Niger truck
project. The bank has all documents
required from the three sub-contracting Niger banks and the next step is to
provide the completed contract to AmeraMex.
Once provided, the contract will be reviewed by the American funding group
for final approval. At this time management
does not foresee any issues.
Once the American funding
organization approves the contract, trucks will begin shipping within 45
days. The trucks will ship over a
five-year period in tranches of 100 trucks, or $12 million. These shipments are
expected to take place every two to four months. Approval by the American funding organization
must be in place before shipment begins.
The potential order pipeline in
Africa is approximately $415 million and consists of the Niger trucking deal, a
Niger Military project and a solar project in Senegal. ECOBank is in discussions with the World Bank
regarding the funding of the Niger Military project. The government of Senegal has funds in place
to move forward. Decisions pertaining to
the military equipment project are six to 12 months away and decisions
pertaining to the solar project are 12 to 18 months away.
Today the company announced an
order totaling approximately $410,000 for refurbished construction
equipment. The order, from a Senegal
construction company, could expand to another 20 pieces of equipment within the
next 60 days and orders for an additional $4 to $5 million in the fall of 2015. The company’s core business pipeline of
potential orders is approximately $8 million.
The company also announced that
its year-end financials are being provided to the company’s securities attorney
along with additional corporate information needed to produce a letter in
accordance with the OTC Marketplace rules.
The letter will allow the removal of the ‘Yield’ sign on the AmeraMex
symbol. Management will have the ‘Yield’
sign removed as quickly as the process allows.
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.
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.