CHICO, Calif., Jan. 25, 2018 (GLOBE NEWSWIRE) -- AmeraMex International, Inc. (OTC:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction, and tactical military vehicles, received an equipment order for loaded containers totaling $150,000.
The equipment, which was purchased by a port in Northern California, is in inventory and will ship by January 31, 2018.
“AmeraMex CEO Lee Hamre commented, “We are experiencing increased demand for proposals pertaining to heavy equipment, both lease and purchase. Companies, small and large have confidence in our growing economy and are increasing capital spending to purchase or enter into long-term equipment lease agreements.
“There is substantial activity particularly within the lumber and logistics industries. The ability for retail, including big box stores, to compete with giants such as Costco and Amazon, necessitate that online orders ship the same or next day for delivery within two to three days. This capability requires containers of product to be constantly moving from suppliers and/or ports to distribution centers throughout the US. These facilities require container handlers and forklifts to quickly load and unload and manage product and container inventory. This is a massive job that requires speed, automation and coordination.
“In addition to the growth in container handler sales, we are seeing demand for forklifts and other heavy equipment within the lumber industry as import tariffs on wood have increased the cost of lumber making its purchase from domestic lumber mills more affordable.”
The ‘books’ for 2017 are in the process of being closed and financial statements will be provided to the auditors for review and comment. Management expects to hold its year-end conference call before the end of the first quarter. Two weeks prior to the conference call, a news release will be disseminated.
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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