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ameramex international (AMMX) Details

AmeraMex International, Inc. sells, leases, and rents heavy equipment to heavy construction, surface mining, infrastructure, logging, shipping, and transportation industries in the Americas, Africa, Asia, and Eastern Europe. The company offers a range of equipment, such as front-end loaders, scrapers, excavators, backhoes, rock trucks, container handlers, log loaders, forklifts, wheel loaders, trucks, and trailers, as well as spare parts. It also provides equipment for the loading and off-loading of shipping containers; equipment inventory for infrastructure development, including road construction and land development projects; and a fleet of Peterbilt trucks and Cozad heavy haul trailers. AmeraMex International, Inc. is based in Chico, California.

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ameramex international (AMMX) Key Developments

AmeraMex International, Inc. Receives Five Year Rental Agreement Totaling $837,000

AmeraMex International Inc. announced that it has entered into a sixty-month equipment rental agreement with a U.S. Government Storage Facility. Under the terms of the rental agreement, AmeraMex will provide the U.S. Government Facility with a super-stacker container handler for approximately $14,000 per month. The super-stacker container handlers, capable of stacking loaded shipping containers five high in storage areas, are valued at over $600,000 each. When the machines come back in at the end of the rental period, they can be reconditioned and marketed as used machines. They should still retain approximately half their original retail value. AmeraMex CEO Lee Hamre will be traveling to Niger with meetings scheduled February 12 with the Minister of Transportation. The obvious goal is to finalize the truck project with the Niger government. This ongoing project is starting to come to fruition now that AmeraMex has the revised agreement and acceptance in place between the government and a bank in Africa. These revised documents must be presented to the funding organization for approval, which is required to begin the initial shipment of trucks from China to Niger.

AmeraMex International, Inc. Announces Executive Changes

AmeraMex International, Inc. named Tracie Hannick as its chief financial officer replacing Kevin Atkin whose contract was not renewed. Ms. Hannick has been working with AmeraMex International as a tax and financial consultant since 2010 and brings over 15 years of financial experience to the company. Tracie specializes in tax and accounting needs with emphasis on designing, transitioning and implementing new accounting systems to streamline the accounting and tax reporting process. Before joining AmeraMex Tracie was President of Bean Counting Firm for 11 years. Hannick will be responsible for all financial aspects of the company including accounting oversight, financial reporting and analysis and budgeting.

AmeraMex International Receives Orders Totaling $200,000

AmeraMex International, Inc. reported that it has received orders totaling approximately $200,000. The company received orders for large capacity fork lifts that are used in the shipping industry. The equipment will be shipped to customers in the San Francisco Bay area and Mexico.


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