STOCK TITAN

AmeraMex International's Sales of Spare Parts Top $569,000

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

AmeraMex International (OTCQB:AMMX) announced a successful sale of spare parts and scrap exceeding $569,000. CEO Lee Hamre reported a significant rebound in equipment sales in Q3, especially after COVID-19 impacted earlier quarters. The company expects continued strong performance as it enters Q4, indicating a busy period ahead. AmeraMex specializes in heavy equipment sales and leases across various sectors including construction and forestry conservation, with over 30 years of industry experience.

Positive
  • Q3 sales of spare parts and scrap exceed $569,000.
  • Significant rebound in equipment sales compared to Q1 and Q2 2020.
  • Expectations for strong performance entering Q4.
Negative
  • None.

CHICO, CA / ACCESSWIRE / October 6, 2020 / AmeraMex International, Inc. (OTCQB:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, announced that it has sold spare parts and scrap in excess of $569,000.

CEO Lee Hamre commented, "In addition to spare part sales, equipment sales were spectacular in the third quarter. This is a significant improvement after sales for the first two quarters of 2020 were seriously affected by COVID-19. As we go into the fourth quarter we are just as busy and expect another great quarter.

"I look forward to talking to all of you during our third quarter conference call in mid-November," added Hamre.

About AmeraMex International

AmeraMex International sells, leases, and new and refurbished heavy equipment to companies within multiple industries including construction, forestry conservation, 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.



View source version on accesswire.com:
https://www.accesswire.com/609248/AmeraMex-Internationals-Sales-of-Spare-Parts-Top-569000

FAQ

What were AmeraMex's spare parts sales reported in October 2020?

AmeraMex reported spare parts and scrap sales exceeding $569,000 in October 2020.

How did COVID-19 affect AmeraMex's sales in 2020?

Sales for the first two quarters of 2020 were significantly affected by COVID-19.

What does AmeraMex International specialize in?

AmeraMex specializes in selling, leasing, and refurbishing heavy equipment across multiple industries, including construction and forestry.

What are the expectations for AmeraMex in Q4 2020?

AmeraMex expects another strong quarter as they continue to be busy entering Q4 2020.

Who is the CEO of AmeraMex?

The CEO of AmeraMex is Lee Hamre.

AMERAMEX INTL INC

OTC:AMMX

AMMX Rankings

AMMX Latest News

AMMX Stock Data

5.79M
6.05M
59.21%
Farm & Heavy Construction Machinery
Industrials
Link
United States of America
Chico