AmeraMex International Reports Second Quarter Revenue of $5.8 Million; Six-Month Revenue of $11.3 Million

CHICO, CA--(Marketwire - December 2, 2008) - AmeraMex International, Inc. (PINKSHEETS: AMMX), a provider of heavy equipment to shipping, construction, logging and mining companies, today reported financial results for its second quarter ended June 30, 2008.

The company reported record revenue of $5,829,865 for the quarter, with a net loss of $335,705, or a loss per share of $0.001. EBITDA (earnings before interest, tax, deprecation and amortization) for the quarter was $(180,040). "With fast growing, capital equipment companies such as AmeraMex, EDITDA is an excellent measurement of a company's performance," commented AmeraMex COO John Muchnicki. "We anticipate improving our EBITDA throughout the remainder of 2008."

For the six-month period, the company reported revenue of $11,291,043, a 63 percent increase, when compared to revenue of $6,992,236 for the comparable period, ending June 30, 2007. The net loss for the period was $329,956, or a loss per share of $0.001. The loss for the period contained a one-time charge of $121,357, classified as a casualty loss. EBITDA for the period was $(52,341).

"Our top line growth continues to exceed a very aggressive budget which projected a 20 percent growth in sales for 2008; and we are currently running 59 percent ahead of projections, when compared to the same period in 2007," commented Muchnicki. "Our SG&A increased for the period, as we have increased staff at corporate and in our sales and service areas to support the increasing demands of the business."

"While the worldwide economy is unsettled, we are seeing increased infrastructure projects, particularly in the Middle East, Asia and Africa," commented AmeraMex Chief Executive Officer Lee Hamre. "In Africa, infrastructure projects are on a roll and the growing demand for commodities has increased the need for specialized equipment. We are reinvesting our money into the business to fuel our domestic and international sales growth and expansion and have begun the process of seeking outside capital to aid in this planned expansion.

"We expect to announce third quarter results this month," continued Hamre. "Currently it appears that our third quarter sales will put us ahead of our sales projections for the year, and we still anticipate shipping the last container handlers from a $12.4 million order received last January, before the end of the year."

                       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             $         5,916,163

About 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.

Contact Information: Media and Financial Contact: Marty Tullio McCloud Communications LLC 949.553.9748