AmeraMex International Receives Forklift Order Totaling $199,500

Rhea-AI Summary

AmeraMex International (OTCQB:AMMX) has secured an equipment order worth $199,500 for a refurbished Taylor Machine XH360 forklift, which has a 36,000-pound capacity. The equipment is ready for shipment to a California-based manufacturer this week. CEO Lee Hamre noted that the company's sales orders for the third quarter have reached approximately $3.1 million, excluding a one-year equipment rental of $108,000. Despite a challenging first half due to the COVID-19 pandemic, the team anticipates strong performance in the latter half of the year.

Positive

• Secured a $199,500 equipment order.
• Third quarter sales orders have reached approximately $3.1 million.
• CEO expresses confidence in strong sales for the second half of 2020.

Negative

• First half sales were below internal projections due to COVID-19 uncertainties.

CHICO, CA / ACCESSWIRE / August 17, 2020 / 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 $199,500.

The order is for a refurbished Taylor Machine XH360 forklift with a capacity of 36,000 pounds. The equipment is in inventory and will ship this week to a California-based manufacturing company.

AmeraMex CEO Lee Hamre commented, " The sales team is busy providing proposals and signing orders. Currently, third quarter sales orders total approximately $3.1 million not including a one-year equipment rental of $108,000.

"With the uncertainty of the effect of the COVID-19 virus on our target markets, sales for our first six months were not representative of the Company's internal projections. The team is confident that the second six months of 2020 will be outstanding."

About AmeraMex International

AmeraMex International sells, leases, and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber. 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 corporate information, online heavy equipment inventory/ pricing and 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 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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https://www.accesswire.com/601953/AmeraMex-International-Receives-Forklift-Order-Totaling-199500

FAQ

What was the recent order received by AmeraMex (AMMX)?

AmeraMex received an equipment order totaling $199,500 for a refurbished Taylor Machine XH360 forklift.

How much are the third quarter sales orders for AmeraMex (AMMX)?

The third quarter sales orders for AmeraMex amount to approximately $3.1 million.

What is the significance of the order for AmeraMex (AMMX)?

The order signifies ongoing demand for AmeraMex's heavy equipment despite challenges, indicating potential for future sales growth.

How did COVID-19 impact AmeraMex's (AMMX) sales?

COVID-19 led to lower sales in the first half of the year, with results not meeting the company's internal projections.

What are CEO Lee Hamre's expectations for AmeraMex (AMMX) in the second half of 2020?

CEO Lee Hamre is confident that the second half of 2020 will show outstanding performance.