We’re mentioning AMERAMEX INTL INC COM USD0.001(OTCMKTS:AMMX) for the first time here on Street Register today. Being in the heavy equipment business, the effects of hurricanes Harvey and Irma, as well as any others that may present themselves in this unusually active hurricane season, can go a long way toward picking up the business of companies like AMMX.
AMMX sells, leases and rents top-of-line heavy equipment to companies within multiple industries including construction (light and infrastructure), logistics, mining, and sawmill. The Company has added an inclusive product line from Oshkosh Defense, LLC, consisting of advanced performance tactical military vehicles to market within certain African countries. AmeraMex, with a US and international customer base, has over 30 years of experience in heavy equipment sales and service.
This week, after a spring and summer full of new orders, AMERAMEX INTL INC COM USD0.001(OTCMKTS:AMMX) has announced that it has received additional heavy equipment orders totaling approximately $1.0 million. The orders, consisting of refurbished Taylor Forklifts and farming equipment, will ship to customers in Oklahoma, Washington and Northern California during September and October 2017.
AMMX directors also understand it is important to communicate as often as possible with its shareholders. To achieve this goal the company has opened an official Twitter account to augment its dissemination of traditional news releases and quarterly conference calls.
We like many aspects of AMMX, and they are many. AmeraMex has three business units, Hamre Equipment Inc., Hamre Heavy Haul and Hamre Parts & Service organization. AmeraMex business units are authorized dealers for quality manufacturers, such as Taylor Machine Works, Terex Heavy Equipment, Barko Hydraulics, Genie and Menzi Muck.
The company carries a large inventory of front end loaders, scrapers, excavators, backhoes, rock trucks, container handlers, log loaders, forklifts, wheel loaders, trucks and trailers. Nearly all of which are used in disaster relief and recovery efforts.
AmeraMex maintains a complete maintenance organization, which includes a large parts inventory and service department, complete with steam cleaning services, sand blasting and paint shop. Today, a majority of the Company’s revenue is generated from sales of new and refurbished container handlers to portside logistics companies around the world.
In addition to equipment for the handling of shipping containers, AmeraMex has an extensive equipment inventory for infrastructure development, including road construction and land development projects. Infrastructure projects require the lease and rental of heavy equipment and contribute significantly to the company’s continued revenue growth. With the growing demand for infrastructure development, AmeraMex has expanded its rental fleet of heavy construction equipment with Terex front end loaders, scrapers, excavators, backhoes and rock trucks. This equipment is usually rented, rather than purchased, for infrastructure projects.
Another division of the AmeraMex is Hamre Heavy Haul. With its customized fleet of heavy haul equipment including a fleet of Kenworth trucks and Cozad heavy haul trailers, Hamre Heavy Haul was initially formed to transport heavy equipment for AmeraMex and other divisions of the parent company and now markets its services to companies throughout the U.S.
Natural disasters are terrible, yet unavoidable, and for those investors looking for a smallcap company with ties to a business that will be closely related to cleanup and infrastructure rebuilds in the wake of the 2017 hurricane season, AMMX seems like a good place to start. Be sure to stay with us to keep on top of the story, and we’ll deliver important developments on AMMX as they unfold. In the meantime, if you’ve yet to sign up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in AMMX stock, short or long.