Business
AmeraMex International Receives Rental Agreement Totaling $600,000 Annually
AmeraMex International Receives Rental Agreement Totaling $600,000 Annually.
About this update from Ameramex International Inc.
[{"type":"text","content":"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 InternationalAmeraMex 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.Forward-Looking StatementsThis 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 ...