AmeraMex
International Provides Shareholder Update on $200 Million Agreement
CHICO, CA, October 31, 2014
– AmeraMex International, Inc. (OTC:
AMMX), a provider of heavy equipment for logistics companies (stevedoring/shipping),
infrastructure construction, commercial farming and mining companies, provides
a shareholder update.
October
8, 2014 the company provided an update pertaining to a $200 million agreement
with the Niger government. Under the
terms of the agreement AmeraMex will supply trucks and trailers for construction
contractors involved with government contracts. In the October 8th update,
over half of the trucks and trailers had received the required signed contract
and agreement for the down payment. Based on conversations with the Niger government, the remaining trucks
and trailers are projected to have signed contracts and agreements before the
end of the year. The receipt of these
documents by the funding organization should result in the funding of the Niger
Agreement.
Once
the agreement has been signed, AmeraMex will receive an initial payment and an
ongoing revenue flow when each shipment of trucks arrives in Niger. The trucks
and trailers will begin shipping from the Chinese manufacturer within
approximately four to five weeks after the manufacturer receives the initial
deposit from the funding source. This
agreement provides for the trucks to ship over a three year period. There is expected to be six shipments of
approximately 300 trucks for estimated total of 1,800 trucks.
AmeraMex
CEO Lee Hamre commented, “This signed Truck Agreement is picking up momentum
and our goal is to have the agreement finalized before year end. The week of November 15, we will be in China
meeting with the funding group and the equipment manufacturer to ensure the
process proceeds smoothly. When we have
updates, we will provide them through news releases. When our traveling schedule is finalized, we expect
to schedule a conference call with shareholders. A news release will be disseminated with the
conference call date and dial-in information.
“As I
stated in the October 8 update, we are always working hard on expanding our
core business here in the Americas as we evaluate other projects in Africa. It is important that we have more than one
project in the pipeline and the finalization of the truck agreement with the
Niger government will allow us to move forward with other potential
projects. AmeraMex employees and it
board of directors are large shareholders and it is important to the company
and all shareholders that we get the Niger Agreement finalized as soon as
possible,” added Hamre.
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 38 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.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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