AmeraMex International Receives $4 Million Equipment Order
New Government Owned Port in Central America Orders Container Handlers
CHICO, CA--(Marketwire - February 1, 2010) - AmeraMex International, Inc. (PINKSHEETS: AMMX),
a provider of heavy equipment to infrastructure construction, stevedoring
and commercial construction, today announced that it has received a verbal
commitment for refurbished container handling equipment totaling $4
million. The customer has inspected the equipment and, upon return to
Central America, will process the deposit confirming the final order. The
confirmation is expected to take place within seven business days.
"The current economy has created such a competitive environment that we do
not want to announce the name or location of our customer," explained
AmeraMex CEO Lee Hamre. "The equipment is expected to be delivered within
60 days, just in time for the opening of the new port. We are pleased with
the order and expect to be on target by the end of the first quarter to
meet or surpass our 2008 revenue of $24 million."
Hamre continued, "While 2009 was a difficult year for many companies,
including AmeraMex, we were able to develop strong relationships with
synergistic companies here in the U.S., and expand our reach into several
high-growth countries including Algeria, Ghana and Nigeria. We believe
these relationships will generate the revenue to propel the company to the
best year in its history. We expect to provide much awaited updates to our
shareholders in the near future."
The equipment being shipped to Central America is part of a package of used
container handling equipment AmeraMex purchased for refurbishment and
resale.
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 America, 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.
Contact Information: Media and Financial Contact:
Marty Tullio
McCloud Communications LLC
949.553.9748