AmeraMex International Receives Five-Year Rental Agreement Totaling $837,000


CHICO, CA – 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 sixty-month equipment rental agreement with a U.S. Government Storage Facility. Under the terms of the rental agreement, AmeraMex will provide the U.S. Government Facility with a super-stacker container handler for approximately $14,000 per month. 



AmeraMex CEO Lee Hamre commented, "Delivery of the machine will be within two weeks and it will be operational within three weeks. The machine is very large, weighing almost 200,000 pounds empty and it is an enormous job just to transport it to the West Coast from the factory. Transportation requires four semi-trailer trucks to move one machine and then approximately a week to assemble the machine with assistance of an 80 ton crane and crew. AmeraMex will be responsible for all maintenance and repairs needed throughout the rental agreement," added Hamre.



Hamre continued, "With the withdrawal of U.S. troops in the Middle East, this particular U.S. Government Equipment Storage facility expects to receive over 200,000 containers of equipment over the next few months.  We will be discussing their potential requirement for additional container handlers once the equipment containers begin to arrive at the facility."



The super-stacker container handlers, capable of stacking loaded shipping containers five high in storage areas, are valued at over $600,000 each.  When the machines come back in at the end of the rental period, they can be reconditioned and marketed as used machines.  They should still retain approximately half their original retail value.



Hamre will be traveling to Niger with meetings scheduled February 12 with the Minister of Transportation. The obvious goal is to finalize the truck project with the Niger government. This ongoing project is starting to come to fruition now that we have the revised agreement and acceptance in place between the government and a financially strong bank in Africa. These revised documents must be presented to the funding organization for approval, which is required to begin the initial shipment of trucks from China to Niger.



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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