AmeraMex International Receives $400,000 Order from a Nevada Gold Mining Company
Company Expects Profitable Second Quarter
CHICO, CA – June 10, 2011 – AmeraMex International, Inc. (OTC: AMMX), a provider of heavy equipment to logistics companies (stevedoring), infrastructure construction, and commercial farming and mining companies, announced that it has received a $400,000 order for a bulldozer from a Nevada-based mining company. AmeraMex has been asked to locate eight additional pieces of equipment for the mining company. The $400,000 order will ship before the end of the second quarter.
AmeraMex CEO Lee Hamre commented, “Our order activity in the U.S. is beginning to pick up, especially within the natural resources sector, mining and logging, and small infrastructure projects. We expect a number of domestic orders next week that will ship by the end of the month. Our refurbished equipment business has significantly increased both domestically and abroad. As we have discussed in previous new releases, refurbished equipment carries better profit margins than new equipment, and a more positive impact on our bottom line. We believe our second quarter will be our second consecutive profitable quarter.”
Hamre continued, “Our commodities division has begun to negotiate pricing of coffee and cocoa beans with growers on the Ivory Coast. Based on the negotiations, we could begin shipping beans within the next six weeks. Once the program is established, the commodities division also will have a positive effect of our bottom line.”
In mid April, AmeraMex began its SEC audit to become a fully reporting public company. With the progress being made, the auditors now believe the audit could be completed later this month for submission to the SEC in July. “We look forward to getting through the submittal process so we can apply for listing on the OTCBB or the OTCQB. This will be a significant accomplishment and longtime goal for me, our loyal shareholders and the entire AmeraMex management team,” said 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 International'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 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.
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
# # #