AmeraMex International Reports a 16 Percent Increase in Revenue and a 24 Percent in Gross Profit for the Year Ended December 31, 2018


CHICO, Calif., March 18, 2019 (GLOBE NEWSWIRE) -- AmeraMex International, Inc. (OTC:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction, forestry conservation and tactical military vehicles, reports results for its financial year ended December 31, 2018.

Highlights for the Year Ended December 31, 2018:

Revenue
The Company reported revenue of approximately $10.1 million compared to revenue of approximately $8.7 million for the year ended December 31, 2017. This is a 16 percent increase

Gross Profit
The Company reported gross profit of $5.1 million compared to gross profit of $4.1 million for the year ended December 31, 2017. This is a 24 percent increase.   Gross profit as a percentage of sales rose to 50 percent.

Net Income
The Company reported net income for the year of approximately $1.4 million compared to net loss of $.843 million for the year ended December 31, 2017.  This is a 67 percent increase.

Balance Sheet                                                                                                  
Total assets were reduced by approximately $.806 million due in part to decreased cash and cash equivalents, inventory and accounts receivable. Total liabilities for the year decreased $2 million due in part to a reduction in deferred revenue and accounts payable.

Shareholder Conference Call
AmeraMex International is hosting a shareholder conference call March 18 at 8:00 a.m. Pacific Time.  The conference call dial-in number for both U.S. and international callers is 1.201.689.8560. Please dial in to the conference center five minutes before the call begins and ask the operator for the AmeraMex conference call.

Financials follow

About AmeraMex International

AmeraMex International sells, leases and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber.  The company also represents an inclusive product line of advanced performance tactical military vehicles from Oshkosh Defense, LLC. AmeraMex, with a US and international customer base, has over 30 years of experience in heavy equipment sales and service.  Follow AmeraMex on Twitter @ammx_intl and visit the AmeraMex website, www.AMMX.net or www.hamreequipment.com for additional information and equipment videos. 

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.
UNAUDITED CONDENSED STATEMENT OF OPERATIONS
For the 12 months ended December 31, 2018 & 2017
 
    twelve month twelve month
    period ending period ending
    December 31, 2018 December 31, 2017
       
Sales $10,062,500 $8,709,534 
Cost of Goods Sold (4,931,036) (4,562,414)
  Gross Profit 5,131,464  4,147,120 
       
Operating Expenses:    
 Selling Expenses 80,877  66,347 
 General & Administrative 2,902,696  2,694,846 
  Total Operating Expenses 2,983,573  2,761,193 
       
Income from Operations 2,147,891  1,385,927 
       
Other Income (Expenses)    
 Interest Expense (737,499) (542,638)
 Other Expense -  - 
  Total Other Income (Expense) (737,499) (542,638)
       
Income Before Provision for Income Taxes1,410,392  843,289 
       
Provision for Income Taxes (1,100) (1,100)
       
Net Income$1,409,292.00 $842,189.00 
       
Weighted Average Shares Outstanding:    
 Basic 754,015,879  689,028,242 
 Diluted 754,015,879  689,028,242 
       
Earnings (loss) per Share    
 Basic$0.00 $0.00 
 Diluted$0.00 $0.00 


AMERAMEX INTERNATIONAL, INC.
UNAUDITED CONDENSED BALANCE SHEET
Forth Quarter 2018 & 2017
 
           
      December 31, 2018  December 31, 2017 
ASSETS         
 Current Assets:        
 Cash  $  197,752  $  553,625  
 Accounts Receivable     734,020     449,165  
 Inventory     2,593,433     3,336,203  
 Other Current Assets     25,909     17,799  
  Total Current Assets     3,551,114     4,356,792  
           
 Furniture & Equipment, net     5,529,918     5,100,496  
 Other Assets     467,543     439,848  
           
 TOTAL ASSETS  $  9,548,575  $  9,897,136  
           
LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)      
 Current Liabilities:        
 Accounts Payable  $  1,099,175  $  2,314,237  
 Accrued Expenses     48,380     71,890  
 Deferred Revenue     2,218,266     3,149,212  
 Income Taxes Payable     92,546     92,546  
 Line of Credit     457,951     488,000  
 Notes Payable, Current Portion     903,886     826,823  
 Notes Payable, Related Party     353,643     378,806  
  Total Current Liabilities     5,173,847     7,321,514  
           
 Notes Payable, net of Current Portion    1,797,525     1,632,746  
           
 TOTAL LIABILITIES     6,971,372     8,954,260  
           
STOCKHOLDERS' EQUITY (DEFICIT):        
 Common Stock, $0.0001 par value, 100,000,000 shares authorized,     
 754,016,879 & 664,890,879 shares issued and outstanding   754,017     754,017  
 Additional Paid-In Capital     20,785,924     20,785,924  
 Treasury Stock     (5,438)    (5,438) 
 Accumulated Deficit     (18,957,300)    (20,591,627) 
  Total Stockholders' Equity (Deficit)    2,577,203     942,876  
           
 TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)$  9,548,575  $  9,897,136  
           


AMERAMEX INTERNATIONAL, INC.
UNAUDITED STATEMENT OF CASH FLOW
For the Twelve months ended December 31, 2018
 
         
OPERATING ACTIVITIES:      
     December 31, 2018   
 Net Income    1,409,293    
  Adjustments to reconcile net income to    
  net cash provided by operating activities:    
  Depreciation    744,451    
  Stock-based Compensation      
  Loss on Settlement of Debt for Common Stock    
 Change in current assets and liabilities:     
  Accounts Receivable    (284,855)   
  Inventory    730,331    
  Other Assets    (953,966)   
  Accounts Payable & Accrued Expenses  (1,210,342)   
  Income Tax Payable    (38,478)   
 Net Cash Provided by Operating Activities  396,434    
         
INVESTING ACTIVITIES:      
  Payment for Furniture & Equipment   (1,173,873)   
 Net Cash used in Investing Activities    (1,173,873)   
         
FINANCING ACTIVITIES:      
  Repayment of Note Payable    500,967    
  Proceeds from Note Payable - Related Party  (49,007)   
  Net Proceeds (borrowing) under line of credit  (30,049)   
  Purchase of Treasury Stock    -    
 Net Cash used in Financing Activities    421,911    
         
NET DECREASE IN CASH    (355,528)   
         
CASH, BEGINNING BALANCE    553,267    
         
CASH, ENDING BALANCE    197,739    
         
CASH PAID FOR:      
  Interest    737,499    
  Income Taxes    -    
         
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:    
 Common stock issued for the settlement     
 of accounts payable    -    
 Common stock issued for the settlement     
 of notes payable - related party      
         

Investor and Media Relations
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Marty Tullio, Managing Member 
Office: 949.632.1900
Marty@McCloudCommunications.com