Company provides shareholder update
CHICO, CA / ACCESSWIRE / June 4, 2020 / AmeraMex International, Inc. (OTCQB:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, announced that it has received an order for $125,000.
The order was for and ASV Track Loader with a mulching head. The equipment will be used for clearing underbrush in Northern California and will ship before the end of June.
The company filed its 10K for the year ended December 31, 2019, in line with SEC guidelines. The 10Q for the first quarter ended March 31, 2020, will be filed June 29, 2020, also within SEC guidelines related to COVID-19 delays.
The Company has received $228,442 under the SBA Paycheck Protection Program. The Company has been approved for up to $2 million by the SBA for a Disaster Assistance Loan and has received a $10,000 advance. The monies are expected to be available to the Company by mid-June 2020. Loan terms have yet to be provided.
Sales and Marketing
The sales potential remains positive and the company is in constant contact with customers and potential customers. The sales team is experiencing a delay in the decision-making process but remains positive. The Company and a Dubai-based partner are responding to international RFPs and recently responded to an RFP for water purification systems serving over a million people. The RFP is for $320 million and four other companies are responding.
About AmeraMex International
AmeraMex International sells, leases and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber. AmeraMex, with a US and international customer base, has over 30 years of experience in heavy equipment sales and service. Follow AmeraMex on Twitter @ammx_intl and visit the AmeraMex website, www.AMMX.net or www.hamreequipment.com for additional corporate information, online heavy equipment inventory/ pricing and videos.
This press release contains forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Investors are encouraged to review the Company’s filings with the Securities and Exchange Commission. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company’s control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
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SOURCE: AmeraMex International, Inc.
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