CHICO, CA — February 27, 2009 — AmeraMex International, Inc. (OTC: AMMX), a provider of heavy equipment to the stevedoring (shipping and logistics) industry, infrastructure companies, and logging and mining industries, today announced that it received a $270,000 order for refurbished container handlers. The order will ship in the first quarter, ending March 31, to a Pacific Northwest logistics company. The company takes revenue on shipment of product.
Last month the company kicked off the year with the first shipment of a $3.5 million order for container handlers. The remaining container handlers will ship by the end of the first quarter. Logistics support companies represent a large market for AmeraMex, as logistics companies are expanding their fleets and replacing older equipment with EPA Tier III-compliant container handlers.
“With the new administration in Washington, we believe AmeraMex will benefit from what is shaping up to be a massive infusion of public works projects,” commented AmeraMex CEO Lee Hamre. “The biggest thrust of the stimulus package is creating jobs in America, while shoring up the U.S. infrastructure, including roads, bridges, and rail lines. There are major infrastructure projects that have been approved and set aside, waiting for funding. The Associated General Contractors of America is estimating that stimulus spending would create or save 1.85 million jobs, including 640,000 in construction and 300,000 among suppliers and equipment manufacturers. We are in a position to benefit from these infrastructure projects, both at home and abroad,” added Hamre.
The company expects to announce its year-end financials within the next two weeks. “We have exceeded our projections for 2008; and the first quarter is expected to move the company to a neutral or positive income position,” remarked Hamre.
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 and 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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