AmeraMex International, Inc. CONDENSED STATEMENT OF OPERATIONS (UNAUDITED) For the Three-month For the Three-month Period Ended Period Ended June 30, 2009 June 30, 2008 Sales $ 4,727,231 $ 5,829,865 Cost of Sales 4,321,324 5,569,236 Gross Profit $ 405,907 $ 260,629 Expenses: Sales, General and Administrative 240,337 425,637 Depreciation & Amortization 105,193 105,193 Total Expenses 345,530 530,830 Net Income (Loss) from Operations 60,377 (270,201) Other Expenses and Income Misc. 15,032 Interest - 50,472 Casualty Loss Recovers 3,350 Income Tax Credit 38,692 Total Other Income & Expense 42,042 65,504 Net Income $ 102,419 $ (335,705) Basic Earnings (Loss) Per Share $ 0.0004 $ (0.001) Weighted Average Shares Outstanding 272,000,000 262,000,000 Diluted Earnings (Loss) Per Share $ 0.0004 $ (0.001) AmeraMex International, Inc. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS For the Three-month Period Ended June 30, 2009 ASSETS CURRENT ASSETS: Cash and Cash Equivalents $ 211,983 Accounts Receivable 271,730 Inventories 1,724,692 Other Current Assets 607,698 Total Current Assets 2,816,103 Fixed Assets 727,846 TOTAL ASSETS $ 3,543,949 LIABILITIES AND STOCKHOLDERS EQUITY CURRENT LIABILITIES Accounts Payable $ 1,269,171 Taxes Payable 479,386 Accrued Expenses And Other Liabilities 352,945 Total Current Liabilities 2,101,501 Total Long Term Liabilities 1,424,363 Total Liabilities 3,525,865 STOCKHOLDERS EQUITY Capital Stock 204,025 Paid-In Capital 1,974,104 Retained Earnings (Loss) (2,081,159) Retained Earnings Current Year (78,886) Total Stockholders Equity 18,084 TOTAL LIABILITIES AND STOCKHOLDERS EQUITY $ 3,543,949
About AmeraMex International AmeraMex International carries a large inventory of heavy equipment, which it sells, leases, and rents to a variety of industries, including the stevedoring, heavy construction, light construction, logging and mining industries. AmeraMex's largest product line is specialized container handling equipment for stevedoring companies that load and offload ships -- from container ships to cruise lines and fishing fleets. AmeraMex has over 30 years of experience in heavy equipment sales and service and carries top-of-the-line equipment from manufacturers such as Taylor Machine Works Inc., Terex Heavy Equipment, and Barko Hydraulics. 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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