AmeraMex International, Inc. CONDENSED STATEMENT OF OPERATIONS (UNAUDITED) For the Three-month For the Six-month Period Ended Period Ended Sept. 30, 2008 Sept. 30, 2008 Sales $ 5,829,865 $ 11,291,043 Cost of Sales 5,569,236 10,560,624 Gross Profit 260,629 730,419 Expenses: Sales, General and Administrative 425,637 646,371 Depreciation & Amortization 105,193 210,154 Total Expenses 530,830 856,525 Net Income (Loss) from Operations $ (270,201) $ (126,106) Other Expenses and Income Misc. 15,032 15,032 Interest 50,472 67,461 Casualty Losses - 121,357 Total Other Income & Expense 65,504 203,850 Net Income $ (335,705) $ (329,956) Basic Earnings (Loss) Per Share $ 0.001 $ 0.001 Weighted Average Shares Outstanding 262,000,000 262,000,000 Diluted Earnings (Loss) Per Share $ 0 .001 $ 0.001 AmeraMex International, Inc. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS For the Three-month Period Ended Sept. 30, 2008 ASSETS CURRENT ASSETS: Cash and Cash Equivalents $ 193,196 Accounts Receivable 669,110 Expected Recovery of Embezzled Funds 125,000 Inventories 3,746,642 Notes Receivable 403,793 Sales Draw 28,329 Total Current Assets 5,166,070 Fixed Assets 589,985 Other Assets 151,107 TOTAL ASSETS $ 5,916,163 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts Payable $ 3,673,707 Notes Payable 175,308 Accrued Expenses And Other Liabilities 408,901 Customer Deposits 174,855 Total Current Liabilities 4,432,771 Total Long Term Liabilities 954,505 Total Liabilities 5,387,276 STOCKHOLDERS' EQUITY Capital Stock 200,025 Paid-In Capital 1,375,304 Additional Paid-In Capital/AMMX 598,800 Retained Earnings (Loss) (1,649,249) Total Stockholders' Equity 528,887 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 5,916,163About AmeraMex International AmeraMex International carries a large inventory of heavy equipment, which it sells, leases, and rents to a variety of industries, including the stevedoring, heavy construction, light construction, logging and mining industries. AmeraMex's largest product line is specialized container handling equipment for stevedoring companies that load and offload ships -- from container ships to cruise lines and fishing fleets. AmeraMex has over 30 years of experience in heavy equipment sales and service and carries top-of-the-line equipment from manufacturers such as Taylor Machine Works Inc., Terex Heavy Equipment, and Barko Hydraulics. 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.
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