SOURCE: AmeraMex International
February 16, 2016 14:22 ET
CHICO, CA–(Marketwired – Feb 16, 2016) – AmeraMex International, Inc. (OTC PINK: AMMX), a provider of heavy equipment for logistics companies (stevedoring/shipping), infrastructure construction, logging and mining companies, has entered into a five-year rental agreement with a U.S. military base. Under the terms of the Agreement, AmeraMex will receive $27,900/month for sixty months or rental revenue of approximately $1.7 million over the five year period. The equipment is expected to be shipped and operational by March 15, 2016.
The equipment has a $900,000 retail value and at the end of the five-year agreement, the equipment is expected to have a resale value of approximately $750,000 million.
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.
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.