AmeraMex International Announces Orders Totaling Approximately $244,000 and a New Dealership Agreement with Kovaco Electric

Rhea-AI Summary

AmeraMex International (OTCQB:AMMX) reported a year-to-date sales total of $16.1 million and announced an equipment order worth $244,000. The order includes a Taylor 950 loaded container handler and multiple forklifts, set to ship to a commercial grower in Washington State. Furthermore, a new dealer agreement with Kovaco Electric will enhance AmeraMex's offerings of environmentally friendly equipment, including the Elise 900 and MiniZ, both 100% electric loaders.

Positive

• Year-to-date sales reached $16.1 million.
• Received a significant equipment order totaling $244,000.
• Entered a strategic Dealer Agreement with Kovaco Electric for new electric equipment.
• Expansion into new markets with innovative electric products.

Negative

• None.

Y-T-D sales total $16.1 million

CHICO, CA / ACCESSWIRE / July 19, 2021 / AmeraMex International, Inc. (OTCQB:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, announced that it has received an equipment order totaling $244,000. Year-to-date, AmeraMex has announced sales of approximately $16.1 million.

The order consists of a Taylor 950 loaded container handler capable of stacking four containers high, a 5,000-pound capacity Taylor forklift, a yard truck, and three Taylor 160 forklifts. The refurbished equipment is in inventory and will ship before the end of the quarter to a commercial grower in Washington State.

AmeraMex CEO Lee Hamre commented, "We are pleased to announce that we have entered into a Dealer Agreement with Kovaco Electric, a division of Kovaco Company headquartered in Slovakia. Kovaco has been in the equipment industry for 28 years and manufactures the worlds first electric skid steer loader, the Elise 900, and compact loader, the MiniZ. Kovaco Electric provides 40+ attachments - from a wood splitter, brush and tree cutter, backhoe to a concrete mixer.

"We continually search for equipment manufacturers that have new and innovative products. This allows our sales team to expand into new markets and increase territorial reach. With today's demand for environmentally friendly equipment, I believe Kovaco Electric's line of zero emission, 100 percent electric skid steer loaders and compact loaders will quickly become a leader for AmeraMex."

Elise 900 is the first fully electric skid steer loader utilizing tracks or tires. The emissions free, 100 percent environmentally friendly loader provides six-8 hours of operation, depending on the battery purchased. The Elise 900 is equipped with an axis joystick, secondary controls, emergency stop and a tertiary control touch screen. With its ergonomic design, the Elise is equipped with gyro sensors for self-leveling, a 1,984- pound capacity, a tipping load of 3,968 pounds and a maximum speed of 7.46 MPH.

Elise 900

MiniZ is the first fully electric compact loader. With eight hours of operation, the compact loader has a load capacity of 882 pounds and is 100.2" in length and 45.3" in height. Due to its compact dimensions, MiniZ is perfect for work in complicated interiors. It has various application in interior construction, agriculture, landscaping, food processing or farmaceuticals providing unmatched capabilities in relocating materials and other work.

For more information regarding the Elise 900 or the MiniZ, contact the sales team at 530.895.8955.

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 important 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 Securities and Exchange Commission. 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 actual results could differ materially from those anticipated in these forward-looking statements, even if new 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

SOURCE: AmeraMex International, Inc.

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FAQ

What are AmeraMex International's year-to-date sales figures?

AmeraMex International reported year-to-date sales of $16.1 million.

What is the total value of the recent equipment order from AmeraMex International?

The recent equipment order totaled $244,000.

What new dealership agreement did AmeraMex International announce?

AmeraMex announced a new Dealer Agreement with Kovaco Electric.

What types of electric loaders does AmeraMex International plan to sell?

AmeraMex plans to sell the Elise 900 and MiniZ, both fully electric loaders.

Where will the equipment ordered by AmeraMex be shipped?

The equipment will be shipped to a commercial grower in Washington State.