CHICO, CA--(Marketwired - Aug 19, 2015) - AmeraMex International, Inc. (
Highlights for the Six-month Period
- Secures order for $150,000
- Signs $2.1 million equipment contract
- Enters into five-year rental agreement totaling $837,000
- Receives rental agreements totaling $200,000 per year
- Inks heavy equipment purchase order for $180,000
- Sells loaded container handlers for $360,000
- Obtains $450,000 in equipment orders
Second Quarter Ended June 30, 2015
The company reported revenue of $1,278,008 compared to revenue of $1,042,041 for the second quarter of 2014. Net income for the quarter was $252,799 compared to net income of $85,954 for the second quarter of 2014. Gross profit, as a percentage of sales, was 63 percent compared to 57 percent for the comparable 2014 period.
Six-Month Period Ended June 30, 2015
Revenue for the six-month period was $2,213,206 compared to revenue of $3,878,155 reported for the comparable six-month period of 2014. Gross profit margin, as a percentage of sales, was 61 percent. The company reported net income of $221,456, compared to net income of $281,009 for the six-month period in 2014.
The conference call dial-in number for both U.S. and international callers is 1.719.325.2464. An audio replay of the conference call will be available from August 19, 2015 at 5:00 p.m. Eastern until September 2, 2015 at 11:59 p.m. Eastern. The replay can be accessed by dialing 1.719.325.2464 and entering conference pin number 8188772
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 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
Except for the historical information contained herein, statements discussing sales or revenue projections are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from any forward-looking statements made herein.
| AmeraMex International, Inc. | ||||||||||||||||
| CONDENSED STATEMENT OF OPERATIONS | ||||||||||||||||
| (UNAUDITED) | ||||||||||||||||
For the Three-month Period Ended June 30, 2014 |
For the Three-month Period Ended June 30, 2015 |
For the Six-month Period Ended June 30, 2014 |
For the Six-month Period Ended June 30, 2015 |
|||||||||||||
| Sales | $ | 1,042,041 |
$ | 1,278,008 |
$ | 3,878,155 |
$ | 2,213,206 |
||||||||
| Cost of Sales | 445,692 | 477,701 | 2,155,670 | 863,917 | ||||||||||||
| Gross Profit | 596,349 | 800,307 | 1,722,485 | 1,349,290 | ||||||||||||
| Expenses: | ||||||||||||||||
| Operating | 375,046 | 321,764 | 1,005,612 | 520,151 | ||||||||||||
| SG&A | 135,349 | 225,744 | 423,920 | 520,835 | ||||||||||||
| Total Expenses | 510,395 | 547,508 | 1,429,532 | 1,040,986 | ||||||||||||
| Net Income (loss) from Operations | 85,954 |
252,799 |
292,954 |
308,304 |
||||||||||||
| Other Income, Expense, Depreciation | (9,519 | ) | (49,747 | ) | (11,945 | ) | (85,401 | ) | ||||||||
| Income Tax | - | 1,446 | - | 1,446 | ||||||||||||
| Net Income (Loss) | $ | 76,435 | $ | 201,606 | $ | 281,009 | $ | 221,456 | ||||||||
| Basic Earnings (Loss) Per Share | 0 | 0 | 0 | 0 | ||||||||||||
| Weighted Average Shares Outstanding | 660,280,879 | 660,280,879 | 660,280,879 | 660,280,879 | ||||||||||||
| Diluted Earnings (Loss) Per Share | 0 | 0 | 0 | 0 | ||||||||||||
| AmeraMex International, Inc. | ||||||
| UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||
| Second Quarter 2015 | ||||||
| CURRENT ASSETS | ||||||
| Cash and cash equivalents | $ | 32,746 | ||||
| Accounts receivable | 401,280 | |||||
| Other Current Assets | 18,874 | |||||
| Inventory | 1,099,289 | |||||
| Cash surrender value of life insurance | 145,608 | |||||
| Total current assets | 1,697,797 | |||||
| PROPERTY AND EQUIPMENT | ||||||
| Furniture and equipment | 20,212 | |||||
| Machines and equipment | 579,936 | |||||
| Office equipment | 26,143 | |||||
| Leasehold Improvements | 334,538 | |||||
| Vehicles | 312,176 | |||||
| 1,273,005 | ||||||
| Less accumulated depreciation | (707,203 | ) | ||||
| 565,802 | ||||||
| $ | 2,263,599 | |||||
| CURRENT LIABILITIES | ||||||
| Current maturities of long-term debt | $ | 121,206 | ||||
| Accounts payable | 746,023 | |||||
| Credit Cards | 43,283 | |||||
| Current Liabilities | 83,800 | |||||
| Current Sales Tax Accrued | 12 | |||||
| Total current liabilities | 994,324 | |||||
| LONG-TERM DEBT, less current maturities | 1,585,229 | |||||
| DEFERRED TAXES | - | |||||
| STOCKHOLDER'S EQUITY | ||||||
| Capital stock | 586,565 | |||||
| Additional paid in capital | 1,561,184 | |||||
| Retained earnings (deficit) | (2,463,703 | ) | ||||
| (315,954 | ) | |||||
| $ | 2,263,599 | |||||
Shares Issued and Outstanding 660,280,879
Contact Information:
Media and Financial Contact:
Marty Tullio
McCloud Communications LLC
949.632.1900