AmeraMex International Receives $320,000 Order
U.S. Lumber Industry on the Rise with Exports to China and Japan
CHICO, CA –June 15, 2012 – AmeraMex International, Inc. (OTC: AMMX), a provider of heavy equipment to logistics companies (stevedoring), infrastructure construction, commercial farming and mining companies, announced today that it has received a $320,000 forklift order from a lumber company on the West Coast.
AmeraMex CEO Lee Hamre commented, “This is the first order we’ve received from a company within the lumber industry in a couple of years. We are happy to see there has been a significant upswing in the lumber industry, particularly in the Northwest. China is the fastest-growing market for U.S. lumber, up 126 percent in the first half of the year while U.S. lumber exports to Japan rose 20 percent. We are working with other lumber companies and anticipate additional equipment orders over the next few months.
In yesterday’s Shareholders’ Update conference call, the company discussed its relationship with a newly formed joint venture between Vancouver, WA-based West Rail and an Algerian company. AmeraMex will be acting as the broker on a contract between this newly formed company and agencies within the Algerian government. Under this contact, AmeraMex will work on a commission and be the sole provider of heavy equipment. The value, which is expected to be several million dollars per project, and estimated timeline of the first project are expected to be announced within the next sixty days.
The company also announced during the conference call that the two-year audit, being performed by Irvine, CA-based Squar Milner for the period ended December 31, 2010 and December 31, 2011, is expected to be filed with the SEC by the end of July. An audio replay of the conference call is available until June 27, 2012, at 11:59 p.m. Eastern. The replay can be accessed by dialing 1-858-384-5517 and entering conference number 4545238.
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