CHICO, CA / ACCESSWIRE / March 24, 2020 / AmeraMex International, Inc. (OTCQB:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, provides an update regarding the COVID-19 Coronavirus.
On Thursday, March 19, 2020, California Governor Gavin Newsom, announced a statewide "stay at home" order to prevent the further spread of COVID-19 in the state. The move, which asks all Californians to remain at home unless they have an essential reason for going out, will last until at least April 7, 2020.
AmeraMex's headquarters, outside legal counsel, and audit firm are all located in California. The disruptions in transportation, staffing, and technology systems which have occurred over the last week to both the Company and the Company's professional advisors have resulted in limited support from the Company's staff and professional advisors. This has, in turn, delayed the Company's ability to complete its audit and prepare the Annual 10-K report. The Company expects to file the Annual 10-K report no later than May 14, 2020.
CEO Lee Hamre commented, "We immediately put in to affect a number of measures to protect the health of our workforce and their families while maintaining operations to service our customers. We will remain open with a significantly reduced workforce.
"Our office and administrative staff have the capability to work from home, so we will remain in communication with customers, suppliers, employees and shareholders. Our shop will reduce the number of employees on site at any given time as we continue to refurbish and ship equipment and parts to our customers.
"The situation remains fluid and as circumstances change, we will adjust our plan accordingly while continuing to communicate our status with our customers, employees and shareholders."
AmeraMex management looks forward to communicating with their shareholders during its March 30, 2020 conference call.
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, available equipment 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.