CHICO, CA--(Marketwired - Nov 14, 2014) - AmeraMex International, Inc. (
- 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