AmeraMex International Receives Equipment Orders
Totaling $280,000 and Acquires Package of Used Equipment with Projected $8 Million Retail Value
CHICO, CA – June 23, 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 equipment orders totaling $280,000. The refurbished equipment for the orders is in inventory and will ship this quarter to locations within the U.S. and to the Port of Iquique, Chile.
“There is a considerable demand from domestic and international customers for refurbished equipment and as we have mentioned in previous news releases, refurbished equipment carries better profit margins,” said AmeraMex CEO Lee Hamre. “With that said, we are pleased to announce that negotiations have been completed to acquire 400 used container handlers. The handlers will be completely refurbished and readied for sale in our Chico, California facility. The handlers will be shipped each in groups of fifty to our facility over the next 12 to 16 months. The machines are expected to generate revenue in excess of $8 million.
“This is a tremendous opportunity for AmeraMex as it will generate a continuous revenue stream and, during a difficult economy, allow us to hire additional personal,” added 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.
Except for the historical information contained herein, the matters discussed pertaining to equipment orders and future revenue are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from any forward-looking statements made herein.
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