AmeraMex Completes $6.6 Million Equipment Installation with US Military

Rhea-AI Summary

AmeraMex International (OTC Pink: AMMX) has completed the installation of six new Taylor Equipment Reach Stackers at a US Military facility, fulfilling a $6.6 million contract announced in June 2024. The six-year agreement will generate approximately $6.6 million in revenue for the company. CEO Lee Hamre stated that at the contract's end, the reach stackers will be resold to new customers.

Additionally, AmeraMex has received new orders totaling $325,000 for two Taylor Equipment forklifts: a 92,000 pound-capacity forklift for a Colorado customer and a 28,000 pound-capacity forklift for a Northern California customer.

The Taylor Equipment Reach Stackers are versatile machines capable of handling various container types, with a telescopic boom allowing for high-stacking capabilities and a 20-40 ISO Container Handling Attachment.

Positive

• Completed $6.6 million equipment installation for US Military
• Secured additional $325,000 in new equipment orders
• Six-year contract provides stable revenue stream
• Potential for additional revenue through resale of equipment after contract termination

Negative

• None.

Company announces additional sales of $325,000.

Chico, California--(Newsfile Corp. - October 16, 2024) - AmeraMex International, Inc. (OTC Pink: AMMX), a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, announced that it has completed the installation of equipment at a US Military facility.

AmeraMex CEO Lee Hamre commented, "The assembly and installation of six new Taylor Equipment Reach Stackers will be completed at the end of this week; the order was announced in June 2024. Under the terms of the contract, the six-year agreement will generate approximately $6.6 million in revenue for the Company. At the termination of the contract, we will resale the reach stackers to new customers."

The Company announced that it has received orders totaling $325,000. The orders are for a Taylor Equipment 92,000 pound-capacity forklift, shipping to a customer in Colorado and a 28,000 pound-capacity Taylor Equipment Forklift shipping to a customer in Northern California.

The Taylor Equipment Reach Stackers are versatile machines that can handle many diverse types of containers. With a telescopic boom, it can stack 5-High 1st row, 4-High 2nd row and 3-High 3rd row (9-ft 6-in Loaded). It also has a 20-40 ISO Container Handling Attachment, with rotation, side shift, expansion/retraction and damping.

Taylor Equipment Reach Stacker

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For more information and pricing of equipment for the logistics, construction, and forestry industries, or to book a demonstration of the Firstgreen Industries' electric skid steer loaders, ASV Posti-Tract and Skid Steer Loaders, Menzi Muck Excavators, or a Magni Telescopic Handler, contact the AmeraMex/Hamre Equipment sales team at 530.895.8955.

AmeraMex International
AmeraMex International sells, leases, and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber. The company 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.

Forward-Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are key factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Investors are encouraged to review the Company's filings with the OTC Markets. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons the actual results could differ materially from those anticipated in these forward-looking statements, even if added information becomes available in the future.

Investor and Media Relations
McCloud Communications, LLC
Marty Tullio, Managing Member
Office: 949.632.1900 or Marty@McCloudCommunications.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226776

FAQ

What is the value of AmeraMex's (AMMX) recent US Military contract?

AmeraMex (AMMX) has completed a $6.6 million equipment installation contract with the US Military, involving six Taylor Equipment Reach Stackers over a six-year period.

How much additional sales did AmeraMex (AMMX) announce in October 2024?

AmeraMex (AMMX) announced additional sales totaling $325,000 for two Taylor Equipment forklifts in October 2024.

What type of equipment did AmeraMex (AMMX) install for the US Military?

AmeraMex (AMMX) installed six new Taylor Equipment Reach Stackers at a US Military facility, completing the installation in October 2024.

What are the capabilities of the Taylor Equipment Reach Stackers installed by AmeraMex (AMMX)?

The Taylor Equipment Reach Stackers installed by AmeraMex (AMMX) can stack containers 5-High 1st row, 4-High 2nd row, and 3-High 3rd row, and feature a 20-40 ISO Container Handling Attachment with rotation, side shift, expansion/retraction, and damping.