-- Received $3 million order for six loaded container handlers from a large, worldwide container transportation and logistics service provider. -- Received a $3.4 million order for 11 large capacity forklifts. -- Received a $5.5 million order for loaded container handlers. -- Received a $1.7 million contract for break-bulk material handlers. -- Received a $250,000 order for front-end loaders. -- Participated in the Friedland Investment Events Wall Street Conference in New York.Historically, revenues from heavy equipment sales and rentals increase more rapidly in the second and third quarters, as heavy construction and infrastructure projects commence in the early summer and reach completion in late fall. Selling to stevedoring companies has assisted in a more balanced flow of revenue. AmeraMex is in the process of expanding its international network, which provides a growing and profitable market for the used equipment acquired from its customers and other companies. The equipment is refurbished and then sold into developing countries that have limited access to or budgets for new equipment. "While the construction industry has suffered a significant downturn, we have managed to maintain a revenue run rate equal to that of 2006," said AmeraMex CEO Lee Hamre. "Our focus on the stevedoring industry has begun to generate revenue and will continue far into the future, as imports increase and equipment used in the loading and unloading of containers is replaced to meet EPA Tier III emission regulations. "As we look forward into 2008," continued Hamre, "our prospective pipeline stands at approximately $24 million and is growing. We have a sound business strategy in place that should allow AmeraMex to considerably increase its top line growth during 2008, and a corporate goal to apply for a listing of our common stock on a major exchange. This is a goal we take seriously as we believe our stock is greatly undervalued and the move to the American Exchange or the Nasdaq Trading System should provide additional exposure and ease of trading AmeraMex stock, all of which is expected to increase shareholder value."
AmeraMex International, Inc. CONDENSED STATEMENT OF OPERATIONS (UNAUDITED) For the For the Three-month Nine-Month Period Ended Period Ended September 30, September 30, 2007 2007 Sales $ 5,354,597 $ 12,346,832 Cost of Sales 5,323,159 11,458,976 Gross Profit 31,438 887,856 Expenses: SG&A 345,145 1,228,504 Total Expenses 345,145 1,228,504 Net Income (LOSS) $ (313,707) $ (340,647) Basic Earnings (Loss) Per Share $ (0.001) $ (0.001) Weighted Average Shares Outstanding 262,000,000 262,000,000 Diluted Earnings (Loss) Per Share $ (0.001) $ (0.001) AmeraMex International, Inc. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS Nine Months Ended September 30, 2007 ----------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 544,579 Accounts receivable 358,654 Inventories 2,403,024 Prepaid assets 16,929 Notes receivable 403,797 Sales draw 11,669 Total Current Assets 3,738,654 Fixed Assets 781,359 Other Assets 154,511 TOTAL ASSETS $ 4,674,525 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 2,159,106 Notes payable 322,972 Accrued expenses and other liabilities 228,196 Short term portion of long term debt 225,879 Total Current Liabilities 2,936,153 Total Long Term Liabilities 842,507 Total Liabilities 3,778,660 STOCKHOLDERS' EQUITY Paid-in capital 1,375,303 Additional paid-in capital/AMMX 804,678 Retained earnings (loss) (1,284,116) Total Stockholders' Equity 895,865 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,823,548About AmeraMex International AmeraMex International sells, leases, and rents heavy equipment to companies within four industries: construction (light and infrastructure), shipping, mining and logging. AmeraMex'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 North America, South America, 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. 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.
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