CHICO, CA–AMMX, (Marketwired – Aug 5, 2016) – AmeraMex International, Inc. (OTC PINK: AMMX), a provider of heavy equipment for logistics companies (stevedoring/shipping), infrastructure construction, logging and mining companies, received a five-year rental agreement from the US Army for rail maintenance equipment. The rental agreement will generate revenue of approximately $1,770,000 over the five-year term of the agreement.
According to AmeraMex CEO Lee Hamre, the Army ordered a rail ballast regulator and a rail ballast tamper. A ballast regulator is a piece of maintenance equipment used to shape and distribute the gravel track ballast that supports the ties in rail tracks. A rail ballast tramper is another type of maintenance equipment that improves the efficiency and speed in maintaining rail track. The tampers use hydraulic jacks to “tamp” the ballast, which levels the stone around the ties as well as works it underneath the ties for proper support.
The equipment is expected to ship before the end of September 2016.
About AmeraMex International
AmeraMex International sells, leases and rents heavy equipment to companies within four industries: construction (light and infrastructure), shipping logistics, mining and commercial farming. AmeraMex, with customers in the Americas, Africa, Asia and Eastern Europe, has over 30 years of experience in heavy equipment sales and service and inventories top-of-the-line equipment from manufacturers such as Taylor Machine Works Inc. and Terex Heavy Equipment. For more information visit the AmeraMex website, www.AMMX.net or www.hamreequipment.com.
Except for the historical information contained herein, statements discussing sales or revenue projections are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from any forward-looking statements made herein.