AmeraMex International Delivers Second Reach Stacker Related to $7 Million US Military Rental Agreement
AmeraMex International (OTC Pink: AMMX) announced the delivery of its second Taylor Equipment Reach Stacker to the US Military as part of a $7 million, five-year rental agreement. Each stacker, valued at approximately $900,000, is part of an order placed in October 2022. The company has already shipped the first stacker, with the third currently in transit and the remaining three expected within two months. CEO Lee Hamre highlighted the efficiency of rental agreements for steady cash flow and future resale opportunities. The Reach Stackers are versatile machines capable of handling diverse container types with advanced features such as a telescopic boom and ISO container handling attachment.
- Delivery of second Taylor Equipment Reach Stacker, contributing to a $7 million contract.
- Five-year rental agreement provides steady cash flow and resale opportunities post-rental.
- Efficient logistics with the third stacker in transit and remaining three expected in two months.
- Long lead time for equipment delivery, with orders taking almost two years to fulfill.
Chico, California--(Newsfile Corp. - June 20, 2024) - AmeraMex International, Inc. (OTC Pink: AMMX), a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, announced that it has delivered the second out of six new Taylor Equipment Reach Stackers to the US Military. Each piece of equipment has an approximate retail value of
CEO Lee Hamre commented, "We have been providing rental equipment to the US military for several years and won the five-year rental agreement for six new Taylor Equipment Reach Stackers in October 2022. An order for new reach stackers can take almost two years to ship to the customer. We shipped the first reach stacker last month; the second reach stacker has been delivered and third reach stacker is in transit with the last three stackers expected to be shipped in approximately two months."
"It is easier and faster for this department of the US military to get rental agreements approved than outright purchases. We like rental agreements as they generate steady cash flow and, after an agreement expires, we refurbish the equipment, if necessary, and sell back into the open market."
Taylor Equipment Reach Stacker
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10200/213651_64b384e4d4c6fb62_001full.jpg
The Taylor Equipment Reach Stackers 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.
For more information and pricing of equipment for the logistics, construction, and forestry industries, or to book a demonstration of the First Green Company's Electric's 100 percent 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 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 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/213651
FAQ
What is the value of each Taylor Equipment Reach Stacker delivered by AmeraMex International?
What is the total revenue expected from AmeraMex's rental agreement with the US Military?
How long is the rental agreement between AmeraMex International and the US Military?
When did AmeraMex International win the rental agreement for the Taylor Equipment Reach Stackers?
What are the capabilities of the Taylor Equipment Reach Stackers delivered by AmeraMex?
