SOURCE: AmeraMex International
CHICO, CA--(Marketwired - Jul 15, 2013) - AmeraMex International, Inc. (PINKSHEETS: AMMX), a provider of heavy equipment for logistics companies (stevedoring), infrastructure construction, commercial farming and mining companies, reports that significant progress has been made to finalize a potential five-year contract valued at $500 million.
According to AmeraMex CEO Lee Hamre, "The Company is expecting to receive equipment specifications for the five-year project by late mid-August. Once received AmeraMex will generate a proposal for presentation to the country's Minister of Transportation and other cabinet members. This proposal is the basis for the five-year contract. We understand both the African and European Bank Guarantees are prepared and will be sent to the lender once the contract is approved by the government.
"On another front," continued Hamre, "our U.S. based business is beginning to pick-up. We have received several new inquiries for new and used container handlers. Container handlers are used by logistics companies to move shipping containers to and from ships at ports such as the Port of Los Angeles. This renewed interest in container handlers is an indication the ports are replacing old equipment and that shipment of goods in and out of the U.S. is on the rise.
"Our rental business is also beginning to see increased activity and used equipment is leaving the lot as fast as we can get them refurbished. It has been a long time since we have been this busy."
About AmeraMex International
AmeraMex International sells, leases and rents heavy equipment to companies within four industries: construction (light and infrastructure), shipping logistics, mining and commercial farming. AmeraMex International'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 the Americas, Africa, Asia and Eastern Europe, has over 30 years of experience in heavy equipment sales and service and maintains an inventory of 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.