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AmeraMex International Secures $5.5 Million Order From Worldwide Transportation and Logistics Service Provider
| Source: AmeraMex International
CHICO, CA--(Marketwire - August 23, 2007) - AmeraMex International, Inc. (PINKSHEETS : AMMX ),
a provider of heavy equipment to stevedoring, construction, logging and
mining companies, announced today that it has secured a $5.5 million order
for loaded container handlers from a large worldwide container
transportation and logistics service provider with worldwide locations,
including the Middle East, Europe, Africa, Australia and North and South
America. AmeraMex anticipates shipment of the container handlers, which are
EPA Tier III compliant, during the first quarter of 2008.
"We have been an AmeraMex (Hamre Equipment) customer for approximately five
years and are currently operating over 300 Taylor Machine Works machines,
including their innovative container handlers," commented Ken Pope,
Southern California Area Manager for Marine Terminals Inc. "AmeraMex, an
outstanding distributor for Taylor Machine Works, will be delivering our
new container handlers in Spring of 2008. The new Taylor handlers are
unique in their ability to stack loaded containers up to six high, which
will save significant dock space and improve our efficiency within the
port."
"There is considerable growth within the stevedoring industry and we expect
our order flow to continue, with the requirement for additional equipment
to efficiently handle the increase of imported of goods into the U.S. and
the need for stevedoring equipment to meet mandatory EPA Tier III
compliance," commented AmeraMex CEO and President Lee Hamre. "We are very
enthusiastic about our prospects for the remainder of the year and look
forward to meeting our revenue and earning projections for 2007," added
Hamre.
AmeraMex recently reported revenue of approximately $6.9 million for the
first six months of 2007, and in July reported additional equipment orders
of $9.4 million for delivery by the end of the year.
Container handlers are used for the loading and unloading of containerized
goods onto and off of ships. AmeraMex supplies ergonomically designed
loaded container handlers with minimum effort pilot controls and decreased
noise level. The handlers provide the stevedores with heavy load handling
and a rugged, high-strength, all-weld chassis and frame. Each handler
arrives with full support data and a 12-month or 2,000 hours warranty.
About AmeraMex International
AmeraMex International carries a large inventory of heavy equipment, which
it sells, leases, and rents to a variety of industries, including the
stevedoring, heavy construction, light construction, logging and mining
industries. AmeraMex's largest product line is specialized container
handling equipment for stevedoring companies that load and offload ships --
from container ships to cruise lines and fishing fleets. AmeraMex has over
30 years of experience in heavy equipment sales and service and carries
top-of-the-line equipment from manufacturers such as Taylor Machine Works
Inc., Terex Heavy Equipment, and Barko Hydraulics.
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.