AmeraMex International Signs $2.1 Million Equipment Contract
CHICO, CA –Â 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 signed an agreement with a customer in Northern Calif. for $2.1 million. Under the terms of the agreement, AmeraMex will ship eight new Taylor forklifts to the customer by December 1, 2015. The company records revenue when equipment delivers to the customer.
AmeraMex CEO Lee Hamre has just returned from Republic of the Congo where the company has entered into a partnership with SAS Congo in Pointe Noire, Congo. Doing business in the Republic of the Congo requires a presence within the country as does Niger. As there are several opportunities in the Congo, the company has started the process of establishing a company, AmeraMex of The Congo, with partner SAS Congo.
Regarding Niger, the company is waiting for the inventory list from Niger’s Minister of Transportation so that a purchase order and invoice can be created for the first 100 trucks and trailers based on an Agreement signed by the Niger Minister of Transportation. A standby letter of credit will be issued by Ecobank to AmeraMex International, Inc. when AmeraMex sends the invoice for 100 trucks to Ecobank. Once received, it will be submitted to the funding source for final approval.
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.
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