AmeraMex International Receives $3 Million Order for Container Handlers
Stevedoring Industry Growth Boosts AmeraMex Revenue
CHICO, CA — July 18, 2007 — AmeraMex International, Inc. (OTC: AMMX), a provider of heavy equipment to stevedoring, construction, logging and mining companies, announced today that it has received a $3 million order for six loaded container handlers from a large worldwide container transportation and logistics service provider with locations in the Americas, Europe, Asia, Africa, Australia and the Middle East. AmeraMex expects to ship the container handlers, which are EPA Tier III compliant, by the end of July. AmeraMex does not disclose customers’ names without prior approval.
“We are working with some of the largest stevedoring companies within the industry and expect to secure several sizable orders over the next few months,” commented AmeraMex President and CEO Lee Hamre. “Last week we announced the shipment of a $3 million order for container handlers to a large stevedoring company headquartered in the U.S. We anticipate the stevedore industry to generate approximately 50 percent of our revenue for 2007.
“AmeraMex accounts for revenue when orders are shipped to its customers,” commented AmeraMex CFO Warren Murphy. “Next quarter we will start to provide, on a quarterly basis, what we have classified as a ‘manufacturers’ backlog’. These numbers will contain the booked orders we have received from customers, but not yet shipped. We believe this information will assist our shareholders and members of the financial community to better understand the difference between the timing of orders and recognition of revenue. Some of our orders can be backlogged as much as 12 months with the manufacturer before they are shipped,” added Murphy.
Container handlers are used for the loading and unloading of containerized goods onto and off of ships. AmeraMex supplies ergonomically designed loaded container handlers with minimum effort pilot controls and decreased noise level. The handlers provide the stevedores with heavy load handling and a rugged, high-strength, all-weld chassis and frame. Each handler arrives with full support data and a 12-month or 2,000 hours warranty.
About AmeraMex International
AmeraMex International carries a large inventory of heavy equipment, which it sells, leases, and rents to a variety of industries, including the stevedoring, heavy construction, light construction, logging and mining industries. AmeraMex’s largest product line is specialized container handling equipment for stevedoring companies that load and offload ships – from container ships to cruise lines and fishing fleets. AmeraMex has over 30 years of experience in heavy equipment sales and service and carries top-of-the-line equipment from manufacturers such as Taylor Machine Works Inc., Terex Heavy Equipment, and Barko Hydraulics.
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.
Media and Financial Contact:
McCloud Communications LLC
# # #