AmeraMex International Expands Board of Directors CHICO,

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
AmeraMex International Expands Board of Directors

CHICO, CA--(Marketwire - Mar 22, 2013) - AmeraMex International, Inc. ( PINKSHEETS : AMMX ), a provider of heavy equipment to logistics companies (stevedoring), infrastructure construction, commercial farming and mining companies, announced the expansion of its board with the addition Michael R. "Mike" Maloney.

Maloney holds the position of Director of Public Safety Education and Training at Butte College in Oroville, California. Prior to his position at Butte College, he enjoyed a 32-year career in law enforcement that culminated with his assignment as the chief of Police in Chico, California. Concurrent with his law enforcement career, Maloney has spent nearly 30 years as an educator at the Butte College Police Academy. He is actively involved with neighborhood community groups and has served on the board of directors of several well-known non-profit organizations.

Maloney holds a Bachelor's Degree in Management from St. Mary's College of California, an Associate Degree in Social Science from Butte College, Oroville, California and has completed graduate work in Business Management at the University of Virginia. As a law enforcement executive, Maloney has completed several executive and leadership development programs including the FBI National Academy and the California Law Enforcement Command College.

AmeraMex CEO Lee Hamre commented, "Mike brings a wealth of business experience to the board, from strategic planning and personnel management to the management of multi-million dollar budgets. He will be a tremendous asset as we continue to grow the company and expand its international reach. I and the board of directors welcome his expertise."

In addition to the appointment of Maloney to the company's board of directors March 12, the company conducted a financial conference call in which the following topics were discussed:

  • The addition of two sales executives with extensive experience in Africa. 
  • The SEC audit, which is over 50 percent complete with the goal of finalizing over the next four months. The money budgeted for the completion of the audit has been channeled into the international sales efforts.
  • A $7 million project with a customer in Chile. The project is on hold until the funding is complete. Management is in constant contact with the customer.
  • A $4 million project with a potential new customer in Peru. The project is on hold until further notice. The company understands that funding of the project has not been budgeted or approved.
  • Projects in Africa were categorized as moving forward. With new government officials in place, railroad and farming partners have been contacted to finalize agreements and move these projects to fruition. AmeraMex will receive a commission and an order for equipment pertaining to the projects. The companies are estimating 30-45 days before these projects will be finalized.
  • The company is also working on projects in Niger and Algeria. The pre-construction, or bidding on individual jobs for a railway system in Algeria, expected to take place this month, has not yet begun. Management has been told that there are 15 projects, over $300 million each, and we should expect to be awarded the equipment portion of one or two of these projects during the preconstruction planning phase.
  • Management recently returned from a trip to Africa pertaining to several infrastructure projects. Government agencies have told management they will have all the requested paperwork and bank guarantees in place within the next four weeks. When this is done the last step is final approval from the funding company in New York.
  • To date, AmeraMex has received letters of intent from more than five different companies wanting to buy crude oil, Mazut oil and diesel fuel from its contacts in different parts of the world. The company is now in position to put the packages together and forward letters of intent to the sellers. Management expects formal approval for the shipment of these products within the next 30-60 days.

A replay of the conference call will be available from March 12, 2013 at 5:00 p.m. Eastern, through March 26, 2013 at 11:59 p.m. Eastern. The replay can be accessed by dialing 1.858.384.5517 and entering conference pin number 4604258.

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 International's largest product line is specialized container handling equipment that enables stevedoring companies to quickly and efficiently load and offload container and general freight ships dockside. AmeraMex, with customers in the Americas, Africa, Asia and Eastern Europe, has over 30 years of experience in heavy equipment sales and service and has an inventory of 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 .

Safe Harbor Statement This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements.

Investor and Media Relations McCloud Communications, LLC Marty Tullio Managing Member Office: 949.553.9748 Mobile: 949.632.1900 Email Contact

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Ingram Mercantile's Aviation Push: SCORE or Sink?

Updated Category News Views 5

Unpacking Neobanx's Strategic Play Straight off the tarmac, Neobanx launches Ingram Mercantile, placing their bets on the aviation sector with none other than Eli Stepp at the helm. This ain't just another day in the sky for those in the know; it's part of a gutsy bid to inject some high-octane intelligence into the world of retail. I mean, have you seen the landscape...

Continue Reading
Duke Energy Braces for Isaias: Key Prep Steps Ahead

Updated Category News Views 6

Brace Yourself: Duke Energy Gears Up for Isaias In the ever-unpredictable game of Mother Nature versus infrastructure, Duke Energy is stepping into the ring once more, readying to tackle potential outages across the Carolinas as Hurricane Isaias edges near. Listen, if there's one thing I've learned over years of watching these weather events unfold on the stock ticker and...

Continue Reading
Korea Tourism’s Quiz Offers Free Trip Sweepstakes

Updated Category News Views 4

A Shot at Adventure Without Opening Your Wallet Let me tell you, Korea's got a way of sweeping folks off their feet with a little something for everyone—from a foodie’s paradise to history buff heaven. The Korea Tourism Organization's (KTO) New York Office is lighting up the stage with a slick offer: enter a quiz on their website and you might just be jetting off to...

Continue Reading
Elevest Unveils MADE: Shaping Wealth for Athletes, Artists

Updated Category News Views 4

Turning Talent Into Tangible Wealth Ask any musician or athlete, and they'll tell you—riding those career highs is exhilarating, but financial stability can be a different ballgame. Here comes Elevest Capital with a fresh move meant to set the players right where many falter: long-term ownership. They're rolling out MADE, a new initiative focused on flipping that burst...

Continue Reading
HackerOne Finds Cybersecurity Challenges in Exposure Debt

Updated Category News Views 14

Understanding the Implications of 'Exposure Debt' When you hear about 'exposure debt', it's not just tech jargon—it's a core issue hacking at the very safety nets companies rely on. This term, highlighted in HackerOne's latest Security Research Report, marks a stark reality in cybersecurity. The backlog of verified yet unresolved vulnerabilities surged a whopping 131%...

Continue Reading
Zenni and Chase Stokes Foster Student Wellbeing in NYC

Updated Category News Views 3

Picture this: near 300 high schoolers milling around, glancing through shiny new glasses from the Zenni x Chase Stokes collection. In the heart of New York City, these kids are getting a double-dose of care that's all too rare—free vision screenings paired with mental health support. It's the kind of collaboration that shows you what's possible when a company, an actor,...

Continue Reading
Boliden's Q3 2026 Results: What's on the Horizon?

Updated Category News Views 3

Boliden Ready to Reveal Q3 Numbers Mark it down, folks. Thursday, October 29, 2026, is the day when Boliden's big wigs will step up to the plate and lay their cards on the table about the company's performance over the last quarter. If you've got any skin in this mining powerhouse, you'll want a front-row seat—or at least a virtual one if you're dialing in from...

Continue Reading
Chianti Classico Showcases 2027 Vintages in Florence

Updated Category News Views 4

A Grand Reunion of the Black Rooster You're not just sipping wine at a garden party—you're diving into a historic event. Come March 1-2, 2027, Florence will again host the much-anticipated Chianti Classico Collection, uniting over 200 eager producers under the iconic vaults of Stazione Leopolda. This isn't just another stop on the wine circuit; it's a pilgrimage to the...

Continue Reading
Morphe’s Auction Hits High Notes with Fine Jewelry

Updated Category News Views 6

Luxurious Gems Steal the Spotlight When the gavel dropped at Morphy's Fine Jewelry & Watches Auction, it set the stage for a spectacular showcase of opulent treasures. The event, highlighting 632 lots and tallying over $1.8 million in sales, left bidders buzzing in anticipation of their next chance to snag a slice of elegance. Bvlgari's Serpentine Charm In the spotlight...

Continue Reading
FlyQuest & Von Dutch Link Gaming, Fashion Again

Updated Category News Views 5

Breaking Down Barriers in Fashion and Gaming In a world full of unlikely matches, the partnership between FlyQuest and Von Dutch is one that's catching serious eyeballs. FlyQuest, an esports powerhouse, has teamed up once more with the iconic fashion brand Von Dutch to launch "The Workman Collection." This ain't just about slapping logos on t-shirts and calling it a...

Continue Reading

Top 5 Most Recently Viewed Articles

Guaranteed Roof's Four-Pillar Model: Shaking Up Roofing Services

Updated Category News Views 133

Guaranteed Roof took a bold leap on Feb 17, 2026, spotlighting their four-pillar model that reshapes the roofing game entirely. Forget just slapping on new shingles; this Chattanooga outfit is throwing down with Rejuvenation, Coating, Cleaning, and Replacement services aimed at diversifying options for property owners. You know the standard gig—tear off the old roof and...

Continue Reading
First Federal Bank's Strategic Move: Acquiring NOLA Lending Group

Updated Category News Views 149

First Federal Bank Acquires NOLA Lending Group for Growth First Federal Bank (Florida) has entered into a definitive agreement to acquire Fidelity Bank's mortgage division, known as NOLA Lending Group. This strategic move reflects First Federal's commitment to expanding its mortgage lending services while enhancing customer experience. Commitment to Service and Community...

Continue Reading
AIM Congress 2025: A Global Investment Hub in the Making

Updated Category News Views 470

AIM Congress 2025: A Global Investment Hub in the Making In an effort to advance global investment and foster collaboration, the 14th edition of AIM Congress is set to take place, promising to gather over 20,000 participants from around the world. This significant event is poised to redefine the investment landscape, addressing current trends and future challenges. As...

Continue Reading
Magnite Gains Traction with Netflix Partnership Amidst Challenges

Updated Category News Views 141

Magnite's Strategic Endeavors with Netflix Recently, Wells Fargo kicked off coverage on Magnite (NASDAQ: MGNI) with an Equal Weight rating and a price target set at $13.00. The analysts believe that the partnership with Netflix (NASDAQ: NFLX) can significantly enhance Magnite's revenue prospects. They estimate that this collaboration will yield revenue increments,...

Continue Reading
Tenaris Launches $600 Million in Share Buybacks Amid Growth

Updated Category News Views 247

Tenaris Initiates a $600 Million Share Buyback Program Recently, Tenaris S.A. (NYSE: TS) revealed an exciting development regarding its share buyback initiative. This new tranche, amounting to $600 million, is part of the larger $1.2 billion buyback program that was announced earlier. The decision to proceed with this round of buybacks signals a strong commitment to...

Continue Reading