Contact Information: Media and Financial Contact: Marty Tullio McCloud Communications LLC 949.553.9748
AmeraMex International Receives $270,000 Order
| Source: AmeraMex International
CHICO, CA--(Marketwire - February 27, 2009) - AmeraMex International, Inc. (PINKSHEETS : AMMX ),
a provider of heavy equipment to the stevedoring (shipping and logistics)
industry, infrastructure companies, and
logging and mining industries, today announced that it received a $270,000
order for refurbished container
handlers. The order will ship in the first quarter, ending March 31, to
a Pacific Northwest logistics company. The company takes revenue on
shipment of product.
Last month the company kicked off the year with the first shipment of a
$3.5 million order for container handlers. The remaining container handlers
will ship by the end of the first quarter. Logistics support companies
represent a large market for AmeraMex, as logistics companies are expanding their
fleets and replacing older equipment with EPA Tier III-compliant container
handlers.
"With the new administration in Washington, we believe AmeraMex will
benefit from what is shaping up to be a massive infusion of public works
projects," commented AmeraMex CEO Lee Hamre. "The biggest thrust of the
stimulus package is creating jobs in America, while shoring up the U.S.
infrastructure, including roads, bridges, and rail lines. There are major
infrastructure projects that have been approved and set aside, waiting for
funding. The Associated General Contractors of America is estimating that
stimulus spending would create or save 1.85 million jobs, including 640,000
in construction and 300,000 among suppliers and equipment manufacturers. We
are in a position to benefit from these infrastructure projects, both at
home and abroad," added Hamre.
The company expects to announce its year-end financials within the next two
weeks. "We have exceeded our projections for 2008; and the first quarter is
expected to move the company to a neutral or positive income position,"
remarked Hamre.
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 and 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.
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.