CHICO, CA--(Marketwired - May 18, 2015) - AmeraMex International, Inc. (
Highlights for the First Quarter Ended March 31, 2015
- AmeraMex International receives five-year government rental agreement totaling $837,000
- AmeraMex International receives $275,000 in equipment orders
- AmeraMex International announces orders totaling $200,000
- Ecobank approved shipment for the first 100 trucks and trailers to Niger. The shipment is valued at approximately $12 million. The Agreement calls for 3,000 trucks and trailers to be shipped over a five-year period.
- The company reported revenue of approximately $.936 million compared to revenue of $2.8 million for the first quarter of 2014.
- Gross profit for the first quarter was of approximately $.549 million compared to gross profit of $1.1 million for the quarter ended March 31, 2014.
- Gross profit margins, as a percentage of revenue, were 59 percent, compared to gross profit margins of 39 percent for the comparable 2014 quarter.
- The company reported a net profit for the quarter of $.020 million compared to net profit of $.205 million for the first quarter ended March 31, 2014.
AmeraMex CEO Lee Hamre commented, "Our sales process is time consuming and often requires several months and many processes before an agreement is signed. Once signed there is often a time lag while equipment is being built or while we refurbish used equipment. This process makes it difficult to have consistency in our revenue flow -- much like companies with seasonality issues.
"Historically," continued Hamre, "revenue for our first quarter is normally low and revenue of $2.8 million for the first quarter of 2014 was an anomaly. That is the nature of our industry."
| AmeraMex International, Inc | ||||||||||
| Consolidated Income Statement | ||||||||||
| (Unaudited) | ||||||||||
| 3 Months Ended | 3 Months Ended | |||||||||
| March 31, 2015 | March 31, 2014 | |||||||||
| Revenue | $ | 935,198 | $ | 2,836,114 | ||||||
| Cost of Sales | 386,216 | 1,709,978 | ||||||||
| Gross Profit | 548,982 | 1,126,136 | ||||||||
| Expenses | ||||||||||
| Operating | 198.387 | 630,566 | ||||||||
| SG&A | 295,091 | 288,572 | ||||||||
| Total Expenses | 493,478 | 919,138 | ||||||||
| Net Income from Operations | 55,504 | 206,998 | ||||||||
| Other Income, Expense, Depreciation | (35,654 | ) | (2,426 | ) | ||||||
| Income Tax Provision | - | - | ||||||||
| Net Income (Loss) | $ | 19,850 | $ | 204,572 | ||||||
| Total number of shares issued and outstanding: 664.9 million | ||||||||||
| AmeraMex International, Inc. | |||||||
| Condensed Consolidated Balance Sheet | |||||||
| as of March 31, 2015 | |||||||
| Unaudited | |||||||
| ASSETS | |||||||
| Current Assets: | |||||||
| Cash & Equivalent | 70,416 | ||||||
| Note Rec. | 3,200 | ||||||
| Acct. Receivable | 463,500 | ||||||
| Inventory | 779,766 | ||||||
| Total Current Asset | 1,316,882 | ||||||
| Fixed Asset Net | 612,789 | ||||||
| Other Asset | 145,608 | ||||||
| Total Asset | $ | 2,075,280 | |||||
| LIABILITIES AND STOCKHOLDERS EQUITY | |||||||
| Current Liability | |||||||
| Acct. Payable | 405,435 | ||||||
| Taxes Payable | 5,068 | ||||||
| Other | 66,983 | ||||||
| Total Current Liabilities | 477,486 | ||||||
| Total Long term Liabilities | 1,573,982 | ||||||
| Total Liability | $ | 2,051,468 | |||||
| STOCKHOLDERS EQUITY | |||||||
| Capital Stock | 586,565 | ||||||
| Paid-In Capital | 1,561,184 | ||||||
| Retained Earnings(Loss) | -2,143,787 | ||||||
| Retained Earning Current Year | 19,850 | ||||||
| Total Stock Equity | 23,812 | ||||||
| TOTAL LIABILITY & STOCKHOLDER EQUITY | $ | 2,075,280 | |||||
Total number of shares issued and outstanding: 664.9 million
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.
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:
Investor and Media Relations
McCloud Communications, LLC
Marty Tullio
Managing Member
949.632.1900