AmeraMex International Inc. (AMMX)

[Dough Theory]

AmeraMex International Receives $1.1 Million Government Order


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0.0084-0.0012(12.32%)

OTC Markets9:30 AM EDT




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CHICO, CA--(Marketwired - Oct 20, 2015) - AmeraMex International, Inc. (OTC PINK: AMMX), a provider of heavy equipment for logistics companies (stevedoring/shipping), infrastructure construction, logging and mining companies, announced that it has received an equipment order worth $1.1 million from the U.S. Army. The order is for large capacity forklifts.

AmeraMex CEO Lee Hamre commented, "Core business is continuing to grow and the U.S. Army is becoming a great customer. Our international proposal pipeline is also expanding and we are working hard to close some of this potential business. We have been in discussions with Ecobank and they are ready to submit the order but are waiting for final documentation from Niger's government officials. We are in hopes that the documentation will be submitted in the near future."

Hamre continued, "Last week we met with the law firm handling our submission to the OTC Market. They had a few questions that were addressed during the meeting and will be submitting the completed application to the OTC Market shortly. They do not expect any problems with the application and we look forward to the removal of the 'Yield' sign."