-- Received $3 million order for six loaded container handlers from a
large, worldwide container transportation and logistics service provider.
-- Received a $3.4 million order for 11 large capacity forklifts.
-- Received a $5.5 million order for loaded container handlers.
-- Received a $1.7 million contract for break-bulk material handlers.
-- Received a $250,000 order for front-end loaders.
-- Participated in the Friedland Investment Events Wall Street Conference
in New York.
Historically, revenues from heavy equipment sales and rentals increase more
rapidly in the second and third quarters, as heavy construction and
infrastructure projects commence in the early summer and reach completion
in late fall. Selling to stevedoring companies has assisted in a more
balanced flow of revenue. AmeraMex is in the process of expanding its
international network, which provides a growing and profitable market for
the used equipment acquired from its customers and other companies. The
equipment is refurbished and then sold into developing countries that have
limited access to or budgets for new equipment.
"While the construction industry has suffered a significant downturn, we
have managed to maintain a revenue run rate equal to that of 2006," said
AmeraMex CEO Lee Hamre. "Our focus on the stevedoring industry has begun to
generate revenue and will continue far into the future, as imports increase
and equipment used in the loading and unloading of containers is replaced
to meet EPA Tier III emission regulations.
"As we look forward into 2008," continued Hamre, "our prospective pipeline
stands at approximately $24 million and is growing. We have a sound
business strategy in place that should allow AmeraMex to considerably
increase its top line growth during 2008, and a corporate goal to apply for
a listing of our common stock on a major exchange. This is a goal we take
seriously as we believe our stock is greatly undervalued and the move to
the American Exchange or the Nasdaq Trading System should provide
additional exposure and ease of trading AmeraMex stock, all of which is
expected to increase shareholder value."
AmeraMex International, Inc.
CONDENSED STATEMENT OF OPERATIONS
(UNAUDITED)
For the For the
Three-month Nine-Month
Period Ended Period Ended
September 30, September 30,
2007 2007
Sales $ 5,354,597 $ 12,346,832
Cost of Sales 5,323,159 11,458,976
Gross Profit 31,438 887,856
Expenses:
SG&A 345,145 1,228,504
Total Expenses 345,145 1,228,504
Net Income (LOSS) $ (313,707) $ (340,647)
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
Nine Months Ended
September 30,
2007
-----------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 544,579
Accounts receivable 358,654
Inventories 2,403,024
Prepaid assets 16,929
Notes receivable 403,797
Sales draw 11,669
Total Current Assets 3,738,654
Fixed Assets 781,359
Other Assets 154,511
TOTAL ASSETS $ 4,674,525
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable $ 2,159,106
Notes payable 322,972
Accrued expenses and other liabilities 228,196
Short term portion of long term debt 225,879
Total Current Liabilities 2,936,153
Total Long Term Liabilities 842,507
Total Liabilities 3,778,660
STOCKHOLDERS' EQUITY
Paid-in capital 1,375,303
Additional paid-in capital/AMMX 804,678
Retained earnings (loss) (1,284,116)
Total Stockholders' Equity 895,865
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,823,548
About AmeraMex International
AmeraMex International sells, leases, and rents heavy equipment to
companies within four industries: construction (light and infrastructure),
shipping, mining and logging. AmeraMex'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 North America, South America,
Asia, and Eastern Europe, has over 30 years of experience in heavy
equipment sales and service and inventories top-of-the-line equipment from
manufacturers such as Taylor Machine Works Inc. and Terex Heavy Equipment.
For more information visit the AmeraMex website, www.AMMX.net.
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