Investor and Media Relations
McCloud Communications, LLC
Marty Tullio, Managing Member
Office: 949.632.1900 or Marty@McCloudCommunications.com
AmeraMex
International Receives Five-Year Rental Agreement Totaling $837,000
CHICO, CA – February 4, 2015 – 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 sixty-month equipment rental
agreement with a U.S. Government
Storage Facility. Under the terms of the rental agreement,
AmeraMex will provide the U.S. Government Facility with a super-stacker container handler for
approximately $14,000 per month.
AmeraMex
CEO Lee Hamre commented, “Delivery of the machine will be within two weeks and it
will be operational within three weeks. The machine is very large, weighing almost 200,000 pounds empty and it
is an enormous job just to transport it to the West Coast from the factory. Transportation requires four semi-trailer trucks
to move one machine and then approximately a week to assemble the machine with assistance
of an 80 ton crane and crew. AmeraMex
will be responsible for all maintenance and repairs needed throughout the
rental agreement,” added Hamre.
Hamre
continued, “With the withdrawal of U.S. troops in the Middle East, this
particular U.S. Government Equipment Storage facility expects to receive over 200,000
containers of equipment over the next few months. We will be discussing their potential requirement
for additional container handlers once the equipment containers begin to arrive
at the facility.”
The super-stacker
container handlers, capable of stacking loaded shipping containers five high in
storage areas, are valued at over $600,000 each. When the machines come back in at the end of
the rental period, they can be reconditioned and marketed as used machines. They should still retain approximately half
their original retail value.
Hamre
will be traveling to Niger
with meetings scheduled February 12 with the Minister of Transportation. The obvious goal is to finalize the truck
project with the Niger government. This
ongoing project is starting to come to fruition now that we have the revised agreement
and acceptance in place between the government and a financially strong bank in
Africa. These revised documents
must be presented to the funding organization for approval, which is required
to begin the initial shipment of trucks from China to Niger.
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.
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.