AmeraMex International Receives Additional $486,000 Rental Equipment Agreement Increasing Rental Revenue to $1.3 Million
April 23 2014 - 9:45AM
AmeraMex International, Inc. (OTC:AMMX), a
provider of heavy equipment for logistics companies
(stevedoring/shipping), infrastructure construction, logging and
mining companies, announced that it has entered into a second
twelve-month equipment rental agreement with a west coast logistics
company.
Under the terms of the new twelve-month agreement, AmeraMex will
provide the logistics company three additional loaded container
handlers netting the company approximately $486,000 over the
initial twelve-month period. March 26, 2014, the logistics company
entered into an agreement to rent equipment generating
approximately $648,000 for the life of the initial twelve-month
agreement. The seven handlers, including delivery and return, will
generate total revenue of $1.3 million over a twelve-month
period.
The refurbished loaded container handlers are capable of
stacking loaded shipping containers four high in dock storage areas
and are valued at approximately $220,000 each. At the end of
the rental agreement each handlers will retain a resale value of
approximately $200,000. The container handlers were purchased
September 2013 and refurbished at the AmeraMex facility in Chico,
California. The company has one container handler remaining in
inventory from the September purchase.
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.
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.
CONTACT: Investor and Media Relations
McCloud Communications, LLC
Marty Tullio, Managing Member
Office: 949.632.1900
Marty@McCloudCommunications.com
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