SOURCE: AmeraMex International

AmeraMex International

July 16, 2015 08:00 ET

AmeraMex International Receives $500,000 Letter of Credit

CHICO, CA--(Marketwired - Jul 16, 2015) -   AmeraMex International, Inc. (OTC PINK: AMMX), a provider of heavy equipment for logistics companies (stevedoring/shipping), infrastructure construction, logging and mining companies, announced that it has received a letter of credit for approximately $500,000 of construction equipment.

AmeraMex CEO Lee Hamre commented, "We are having a great week. Yesterday we received notification that we were awarded a $2.5 million rental bid and today we received a $500,000 letter of credit for construction equipment. The equipment will be used to develop housing projects in Guinea and will be shipped to the customer July 27, 2015. Based on conversations with the customer, they expected to receive funding for multiple housing projects within Africa which will require additional construction equipment. Timing for potential funding and the amount of equipment needed has not yet been determined but we will keep our shareholders updated as we receive information." 

The conference call for the second quarter ended June 30 is expected to take place the week of August 17, 2015. A news release announcing the call specifics will be disseminated approximately two weeks prior to the call.

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, with customers in the Americas, Africa, 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 or www.hamreequipment.com.

Except for the historical information contained herein, statements discussing sales or revenue projections are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from any forward-looking statements made herein.

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