CHICO, Calif., Aug. 14, 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, announced that it has sold two refurbished container handlers to a customer in Florida and one refurbished container handler to a customer in Mexico. Both sales total $420,000.
The company has also completed the purchase of used loaded container handlers from a customer that is updating their fleet. The equipment is being transported to the shop in Chico, Calif. where refurbishing will begin immediately. The retail value of the handlers is approximately $600,000.
According to AmeraMex CEO Lee Hamre, the two banks and the government of Niger expect the various contracts between the banks, the government and private companies responsible for the transportation projects to take six to eight weeks for completion. The lender does have the Bank Guarantees and is waiting for the final agreements to complete the funding package for approval.
Hamre commented, "The length of time to complete the funding package is disappointing to our shareholders but we do have three additional opportunities hinging on getting this trucking deal put together properly within the public and private sectors for the funding group. Once completed, the other opportunities will move more smoothly through the government and private channels.
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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