- Received a $600,000 order from an Algeria construction company for a variety of infrastructure construction equipment. The equipment is scheduled to ship within a 90-day window.
- Management is currently responding to several RFPs from North and West Africa countries.
- Logistics companies on the West Coast have begun to disseminate RFPs for new dock equipment including container handlers.
- AmeraMex has entered into a Heavy Equipment Service and Repair Contract with a U.S. Army installation in Northern California.
- Today the company received a $230,000 equipment order for an environmentally friendly log forwarder and processor. The equipment is shipping this week to the Lake Tahoe basin.
“This has not been a memorable year for most U.S. companies, including AmeraMex,” commented AmeraMex CEO Lee Hamre. “While we¡¦ve had some significant challenges, we have also been presented with considerable opportunities. We are meeting the challenges head-on and are taking advantage of the opportunities. These opportunities have resulted in the company’s involvement with a number of partners in synergistic industries. We think this involvement will directly and indirectly boost the company¡¦s sales of heavy equipment, and provide various commissions and/or finders fees. Hamre continued, “Our work with several North African countries has created many opportunities for the company and will provide both AmeraMex and its shareholders with a significantly improved 2010. And, we are pleased to see our U.S. business prospects begin to improve. We expect the effects of a stronger U.S. economy in the third and fourth quarters will generate additional order flow.”
For the year ended, December 31, 2009, the company reported revenue of approximately $8.3 million and a net loss of ($501,451), or a loss per share of ($0.002). EBITDA for the year was ($124,249). EBITDA, earnings before interest, taxes, deprecation and amortization, is an accepted industry tool to measure the fundamentals of growth companies.
Hamre noted, “We will host a shareholder conference call in mid-April to discuss the highlights of 2009 and the milestones we have set for 2010. A news release containing the pertinent information will be publicly disseminated shortly. We would like to sincerely thank our shareholders for their continued support and look forward to our first shareholder conference call.”
About AmeraMex International
AmeraMex International sells, leases, and rents heavy equipment to companies within four industries: construction (light and infrastructure), shipping, mining and logging. AmeraMex’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 North America, South America, 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.
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.
Media and Financial Contact:
McCloud Communications LLC
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