AmeraMex
International Receives Additional $486,000Rental Equipment
Agreement Increasing Rental Revenue to $1.3 Million
CHICO, CA – April 23, 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 second twelve-month equipment rental agreement with a west coast logistics
company.
Under
the terms of the new twelve-month agreement, AmeraMex will provide the logistics
company three additional loaded container handlers netting the company
approximately $486,000 over the initial twelve-month period. March 26, 2014,
the logistics company entered into an agreement to rent equipment generating
approximately $648,000 for the life of the initial twelve-month agreement. The seven handlers, including delivery and
return, will generate total revenue of $1.3 million over a twelve-month period.
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
each handlers will retain a resale value of approximately $200,000. The container handlers were purchased
September 2013 and refurbished at the AmeraMex facility in Chico, California. The company has one container handler
remaining in inventory from the September purchase.
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
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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
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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
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