CHICO, CA / ACCESSWIRE / February 11, 2020 / AmeraMex International, Inc. (OTCQB:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, announced that it has received a Long Term Rental Equipment Agreement for $600,000 per year.
The Rental Agreement is for three Taylor loaded container handlers with a retail value of $1,500,000. The initial Agreement is for one year and features a rent-to-purchase option along with the ability to convert to a three-year rental agreement. Based on historical data, 95 percent of these agreements convert into a purchase agreement. The customer is a container terminal located in California.
CEO Lee Hamre commented, "We're working on some major contracts in the US and internationally and expect to have an excellent first quarter. As mentioned in our last news release, part of our team has been traveling internationally and the Company is responding to several Requests for Pricing (RFPs) for a variety of equipment and large projects. While the international market is very competitive, we have a great reputation and excellent contacts within the international marketplace. We'll keep you posted."
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 information and equipment videos.
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.
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SOURCE: AmeraMex International, Inc.