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AmeraMex On Target With Revenue Projections
Potential Order Pipeline Moving Into 2008 Is Already Approximately $24 Million
| Source: AmeraMex International
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.