SOURCE: AmeraMex International

AmeraMex International

August 19, 2015 08:00 ET

AmeraMex International Reports Second Quarter Revenue of $1.3 Million

Financial Conference Call August 19th at 11:00 a.m. Pacific

CHICO, CA--(Marketwired - Aug 19, 2015) - AmeraMex International, Inc. (OTC PINK: AMMX), a provider of heavy equipment to infrastructure, shipping, construction, farming and mining companies, today reported financial results for its second quarter ended June 30, 2015. 

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
    Email Contact