CHICO, Calif., Nov. 30, 2017 (GLOBE NEWSWIRE) -- AmeraMex International, Inc. (OTC:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction, and tactical military vehicles, received two equipment orders totaling $525,000.
The orders are for Taylor Equipment container handlers and forklifts, which are in inventory. The equipment will ship to a container yard in Salt Lake City, UT and to a small equipment rental business in Arkansas.
To date the company has recorded $7.3 million in equipment sales, $2.5 million in rental/rental-to-purchase agreements and $1.8 million five-year rental agreement with the US government.
According to AmeraMex CEO Lee Hamre, “Our equipment sales goal was $10.0 million for 2017. While we may miss our equipment sales goal, we substantially increased cash flow with rental revenue and a maintenance agreement that began November 1, 2017.
“During the month of December we have an opportunity to potentially book another half million in equipment sales since companies can take a 50 percent bonus depreciation as a tax write off if the equipment is purchased before the end of 2017.”
About AmeraMex
AmeraMex International sells, leases and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber. The company also represents an inclusive product line of advanced performance tactical military vehicles from Oshkosh Defense, LLC. AmeraMex, with a US and international customer base, has over 30 years of experience in heavy equipment sales and service. Follow AmeraMex on Twitter @ammx_intl and visit the AmeraMex website, www.AMMX.net or www.hamreequipment.com for additional information and equipment videos.
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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