SOURCE: AmeraMex International

AmeraMex International

July 02, 2015 08:00 ET

AmeraMex International Ships Equipment for $243,000 Rental Agreement

CHICO, CA--(Marketwired - Jul 2, 2015) - AmeraMex International, Inc. (OTC PINK: AMMX), a provider of heavy equipment for logistics companies (stevedoring/shipping), infrastructure construction, logging and mining companies, announced in June that it had entered into a five-year rental agreement with a military base and under the terms of the agreement, AmeraMex would receive $4,050/month for sixty months.

AmeraMex has acquired the equipment and it is in the process of being shipped to the military base in California. It has been determined that at the end of the five-year agreement, the equipment will have a retail value of approximately $90,000. The company can refurbish and sell the equipment or return it to the rental pool.

According to AmeraMex CEO Lee Hamre, "The company's pipeline continues to grow with several bids expected to reach order status before year's end. We anticipate receiving the required truck/tractor inventory list from Ecobank in the very near future. The companies that were awarded the various infrastructure projects by the Niger government are required to put together a list of the equipment required and send it to the two qualified local banks. These banks then forward the information to Ecobank, who will consolidate the inventory requirements and provide to AmeraMex. There is constant dialog with the government and banks during the celebration of Ramadan."

CFO Tracie Hannick commented, "The new law firm handling our removal of the 'Yield' sign from the AmeraMex stock symbol, AMMX, has provided a list of all the documentation required. We are preparing documentation, reformatting financials and cash flow analysis for 2013 and 2014 plus financials through the second quarter ended June 30, 2015. We expect to have everything submitted to the attorneys on or before August 30."

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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