AmeraMex International Provides Shareholder Update
04 June 2014 - 12:00AM
AmeraMex International, Inc. (OTC:AMMX), a
provider of heavy equipment for logistics companies
(stevedoring/shipping), infrastructure construction, commercial
farming and mining companies, announced that Agreement with Niger's
Minister of Transportation has been signed and will shortly be
submitted for financial review by lenders. The total value of the
Agreement is valued at $200+ million with the initial phase worth
approximately $30 million. The Agreement must meet with approval of
the lenders before it can be executed.
In addition to the truck Agreement being submitted to the
financing entities, the $80 million Memorandum of Agreement for the
solar project is on track and expected within the next 30 to 45
days.
AmeraMex CEO Lee Hamre commented, "We have successfully been
selling refurbished equipment into an expanding international
customer base and the demand for refurbished equipment continues to
grow. One of our business strategies involves the continuing
acquisition of used equipment from our U.S. customer base as well
as other organization. We recently located two packages of used
container handlers and trucks valued at approximately $1.5 million
and have entered a bid on both packages. The equipment, once
refurbished, it is expected to have a retail value of approximately
$3 million."
Hamre continued, "We have a large potential project pipeline and
are committed to keeping our shareholders updated as orders are
signed and specific milestones met."
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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