SOURCE: AmeraMex International

AmeraMex International

November 14, 2014 08:00 ET

AmeraMex International Reports Third Quarter Revenue of $2.2 Million and Revenue of $6.1 Million for the Nine-Month Period

CHICO, CA--(Marketwired - Nov 14, 2014) - AmeraMex International, Inc. (PINKSHEETS: AMMX), a provider of heavy equipment to infrastructure, shipping, construction and farming companies, today reported financial results for its third quarter and nine-month period, ended September 30, 2014.

  • Three-month revenue up 57 percent
  • Six-month revenue up 97 percent
  • Shareholder conference calls to be held quarterly

Third Quarter Ended September 30, 2014

The company reported revenue of approximately $2.2 million, a 57 percent increase when compared to revenue of approximately $1.4 million for the third quarter of 2013. Gross profit for the quarter was approximately $1.1 million compared to gross profit of $.756 million for the third quarter of 2013.

The company reported net income for the quarter of $.317 million a significant increase when compared to net income of $.112 million for the 2013 quarter. 

Highlights for the Third Quarter

  • Received a forklift order for $350,000.
  • Received a $484,000 freight contract to relocate customer equipment. Customer increased contract value by $120,000 to include refurbishment of equipment.
  • Sold two container handlers for $420,000.
  • Purchased container handlers for refurbishment -- retail value approximately $600,000.
  • Awarded bids totaling $500,000 to provide refurbished container handlers to customers in Central America.
  • Acquired container handlers with retail value of $2.5 million.
  • Receives $260,000 order for loaded container handlers from customer in Mexico.
  • $200 million Niger Agreement moves closer to final financing.

Nine-Month Period Ended September 30, 2014

Revenue for the nine-month period was approximately $6.1 million, a 97 percent increase when compared to revenue of $3.1 million for the comparable 2013 period.

The company reported net income of approximately $.598 million for the period, a 39 percent increase when compared to a net income of approximately $.431 million for the comparable period in 2013.

   
   
AmeraMex International, Inc.  
Condensed Statement of Operations  
(Unaudited)  
   
    Nine Months Ended     Three Months Ended  
    9/30/2013   9/30/2014     9/30/2013     9/30/2014  
                             
Sales   $ 3,112,122   6,123,527     $ 1,367,355     $ 2,245,371  
Cost Of Sales     1,325,455   3,295,696       611,217       1,140,025  
Gross Profit     1,786,667   2,827,831       756,138       1,105,346  
                             
Expenses                            
  Operating     1,242,450   1,605,492       532,946       599,879  
  SG&A     291,620   599,159       106,644       175,239  
Total Expenses     1,534,070   2,204,651       639,590       775,118  
                             
Net Income(Loss)                            
from Operations     252,597   623,180       116,548       330,228  
                             
Other Income, Expense, Depreciation     179,028   (25,167 )     (3,919 )     (13,222 )
                             
Income Tax     800   0       0       0  
                             
                             
Net Income(Loss)   $ 430,825   598,013     $ 112,629       317,006  
                             
Basic and Diluted Earnings (Loss) per Share     0           0          
                             
Weighted Average Shares Outstanding     478,677,215   660,280,879       478,677,215       660,280,879  
                             
                             
                             
Ameramex International, Inc.
Consolidated Balance Sheets (Unaudited)
September 30, 2014
         
ASSETS        
  Current Assets:        
  Cash & Equivalent   562,142    
  Note Rec.   18,965    
  Acct. Receivable   503,898    
  Inventory   1,159,957    
    Total Current Asset   2,244,962    
         
Fixed Asset Net   294,429    
Other Asset   145,608    
    Total Asset   2,685,000
LIABILITIES AND STOCKHOLDERS EQUITY        
         
  Current Liability        
  Acct. Payable   893,848    
  Taxes Payable   0    
  Other   472,059    
    Total Current Liabilities   1,365,907    
         
    Total Long term Liabilities   842,803    
         
    Total Liability   2,208,710
         
STOCKHOLDERS EQUITY        
         
  Capital Stock   1,974,528    
  Paid-In Capital   251,293    
  Retained Earnings (Loss)   (2,347,548)    
  Retained Earning Current Year   598,016    
    Total Stock Equity   476,290    
         
         
TOTAL LIABILITY & STOCKHOLDER EQUITY       2,685,000
         
         

Total Shares Issued and Outstanding: 660,280,879 as of September 30, 2014

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 maintains an inventory of top-of-the-line equipment and parts from manufacturers such as Taylor Machine Works Inc. and Terex Heavy Equipment. For more information visit the AmeraMex website, www.AMMX.net or www.hamreequipment.com.

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.

Contact Information

  • Media and Financial Contact:
    Marty Tullio
    McCloud Communications LLC
    Phone: 949.632.1900
    Email Contact