U.S. Lumber Industry on the Rise With Exports to China and Japan
CHICO, CA--(Marketwire - Jun 15, 2012) - AmeraMex International, Inc. (
AmeraMex CEO Lee Hamre commented, "This is the first order we've received from a company within the lumber industry in a couple of years. We are happy to see there has been a significant upswing in the lumber industry, particularly in the Northwest. China is the fastest-growing market for U.S. lumber, up 126 percent in the first half of the year while U.S. lumber exports to Japan rose 20 percent. We are working with other lumber companies and anticipate additional equipment orders over the next few months.
In yesterday's Shareholders' Update conference call, the company discussed its relationship with a newly formed joint venture between Vancouver, WA-based West Rail and an Algerian company. AmeraMex will be acting as the broker on a contract between this newly formed company and agencies within the Algerian government. Under this contact, AmeraMex will work on a commission and be the sole provider of heavy equipment. The value, which is expected to be several million dollars per project, and estimated timeline of the first project are expected to be announced within the next sixty days.
The company also announced during the conference call that the two-year audit, being performed by Irvine, CA-based Squar Milner for the period ended December 31, 2010 and December 31, 2011, is expected to be filed with the SEC by the end of July. An audio replay of the conference call is available until June 27, 2012, at 11:59 p.m. Eastern. The replay can be accessed by dialing 1-858-384-5517 and entering conference number 4545238.
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.
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.
Investor and Media Relations
McCloud Communications, LLC