CHICO, Calif., July 2, 2014 (GLOBE NEWSWIRE) -- AmeraMex International, Inc. (OTC:AMMX), a provider of heavy equipment for logistics companies (stevedoring/shipping), infrastructure construction, commercial farming and mining companies, was awarded accumulative bids of $500,000 to provide refurbished container handlers to Central American customers. The 'empty' container handlers, capable of stacking containers five high in a storage yard, have shipped to the customers.
AmeraMex CEO Lee Hamre commented, "We have had great success in providing our customers in Central and South America with refurbished equipment. Our profit margins are higher for refurbished equipment and it allows our customers to purchase equipment in 'like new' condition to support their expansion and meet their budget restraints. To continue expanding our inventory, we recently purchased a group of loaded equipment handlers with a resale value of approximately $1 million and are bidding on another group of used container handlers."
Hamre continued, "We have had many inquiries regarding the status of the Niger agreement. The agreement was signed and paperwork generated to the financing group and a Niger bank for final approval. We have received verbal commitments from the Niger bank and expect to receive the commitment letter (AmeraMex and funding organization) shortly. With final approval from the funding organization, the Agreement will be executed. We will issue a news release as soon as the final funding milestone has been met."
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.
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