SOURCE: AmeraMex International

October 29, 2007 06:30 ET

AmeraMex On Target With Revenue Projections

Potential Order Pipeline Moving Into 2008 Is Already Approximately $24 Million

CHICO, CA--(Marketwire - October 29, 2007) - AmeraMex International, Inc. (PINKSHEETS: AMMX), a provider of heavy equipment to construction, stevedoring, logging and mining companies, announced today that it expects to report revenues of approximately $13 million for the nine-month period ended September 30, 2007.

"During the past nine months management has focused on expanding its penetration within the stevedoring industry, which has provided a large percentage of our revenue growth," said AmeraMex CEO Lee Hamre. "As we have some long delivery cycles on various models of our equipment, we are currently meeting with our customers to assess their needs for the next 12 months for both new and replacement equipment. Our potential pipeline, moving into 2008, stands at approximately $25 million. This figure does not take into consideration the lease of our equipment for infrastructure construction projects, our maintenance programs, or the sale of our refurbished equipment," added Hamre.

Currently there are more than two billion tons of foreign and domestic goods moving through U.S. ports. To move these containers quickly and efficiently, stevedoring companies are expanding their fleet of container handlers and break-bulk material handlers at ports up and down the West Coast of the United States, as well as large international ports. In addition to the demand for additional equipment, the stevedoring industry has been charged by the Environmental Protection Agency to bring its fleet of equipment with 100 HP engines and greater to Tier III emission standards by 2012. AmeraMex ships only Tier III EPA compliant equipment within the U.S.

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 for Forward-Looking Statements: Except for historical information contained herein, the contents of this press release contain forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products and prices as well as other factors addressed in the company's filings with the Securities and Exchange Commission.

Contact Information

  • Media and Financial Contact:
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