AmeraMex Racks up Sales and a Rent-to-Purchase Agreement Totaling Revenue of $177,200

Rhea-AI Summary

AmeraMex International (OTCQB:AMMX) announced recent orders totaling $78,000 and a six-month Rent-to-Purchase Agreement worth $99,000. The orders include utility trucks and a hay squeeze, with equipment shipping to various locations in California. The rental agreement is for a refurbished Taylor Container Handler at $16,500 per month, with a potential purchase price of $535,000 after six months. These transactions indicate a steady demand for heavy equipment in logistics and agriculture sectors.

Positive

• New orders totaling $78,000 enhance revenue stream.
• Rent-to-Purchase Agreement valued at $99,000 indicates customer interest in long-term equipment use.
• Potential future purchase of container handler for $535,000 suggests strong market demand.

Negative

• None.

CHICO, CA / ACCESSWIRE / October 14, 2020 / AmeraMex International, Inc. (OTCQB:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, announced that it has signed orders totaling $78,000 and a six-month Rent-to-Purchase Agreement totaling $99,000.

The orders consist of two utility trucks and a hay squeeze. The equipment is being shipped to a dry port in Southern California, a commercial almond grower in Central California and a commercial farmer in Northern California.

The Company also signed a six-month rental agreement for a refurbished Taylor Container Handler. The equipment will rent for $16,500 per month for a total of $99,000. At the end of the agreement, the customer has indicated that it will purchase the container handler for $535,000.

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/610425/AmeraMex-Racks-up-Sales-and-a-Rent-to-Purchase-Agreement-Totaling-Revenue-of-177200

FAQ

What is the total revenue reported by AmeraMex International in their latest press release?

AmeraMex International reported total revenue of $177,200 from recent orders and a Rent-to-Purchase Agreement.

What type of equipment did AmeraMex International sell in their recent orders?

The recent orders included utility trucks and a hay squeeze.

What is the monthly rental cost for the Taylor Container Handler?

The monthly rental cost for the refurbished Taylor Container Handler is $16,500.

What is the potential purchase price of the Taylor Container Handler after the rental agreement?

The potential purchase price of the Taylor Container Handler is $535,000 after the rental agreement.

When was the press release from AmeraMex International issued?

The press release from AmeraMex International was issued on October 14, 2020.