View List

AmeraMex International Receives a $648,000 Rental Equipment Agreement

Mar 25, 2014

AmeraMex
International Receives a $648,000 Rental Equipment Agreement

Second
agreement expected for additional equipment increasing the monthly rental to
$108,000 per month or $1.3 million for the 12-month period

 CHICO, CA – March 26, 2014 – AmeraMex
International, Inc.
(OTC: AMMX),
a provider of
heavy equipment for logistics companies (stevedoring/shipping), infrastructure
construction, logging and mining companies, announced that it has entered into
a twelve-month equipment rental agreement with a west coast logistics
company. 

 

Under
the terms of the twelve-month agreement, the logistics company will rent refurbished
loaded container handlers from AmeraMex. The rental is expected to generate revenue of approximately $648,000 for
the twelve-month period. Projecting
increased growth, the logistics company is anticipating the rental of four
additional loaded container handlers for a twelve-month period. The additional rental agreement would
increase the monthly rental to $108,000 per month, or $1.3 million for the life
of the two agreements.

 

The
refurbished loaded container handlers are capable of stacking loaded shipping containers
four high in dock storage areas and are valued at approximately $220,000
each. At the end of the rental agreement
the handlers will retain a value of $200,000 each. The container handlers were purchased
September 2013 and refurbished at the AmeraMex facility in Chico, California.

 

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 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 or 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