-- Over the last four months AmeraMex received orders totaling $470,000
from Singapore, Vietnam and Egypt for refurbished equipment.
-- The Port of Vancouver, WA placed a $1.25 million order for forklifts
to be shipped by September 2008.
-- Orders totaling $9.5 million began shipping to West Coast ports.
-- The Port of San Francisco received break-bulk material handlers
totaling $400,000.
-- AmeraMex shipped orders totaling $1.6 million to ports in Seattle and
Long Beach.
-- AmeraMex becomes the exclusive Nevada dealer for Doosan forklifts.
-- AmeraMex ships $160,000 to a Middle East distributor of heavy
equipment.
-- Intellian Capital Advisors was retained to assist with acquisition
strategy.
"Our international distributors are beginning to make a significant
contribution to our sales pipeline, revenue growth and profit margins,"
said AmeraMex CEO Lee Hamre. "This last year we have made considerable
inroads into several developing countries, and over the next few months
expect to expand our reach and significantly increase our international
sales.
"While the U.S. construction industry has suffered a significant downturn,
we are beginning to see increased demand from companies involved with
infrastructure construction," continued Hamre. "We have been providing
quotes for container handlers, large capacity forklifts, excavators,
articulated rock trucks, tractors and loaders. We are pleased to see that
our sales and marketing efforts within the logistics support industry have
begun to contribute a majority of our revenue, as our customers continue to
expand their fleets of container and break-bulk handlers and replace older
equipment with EPA Tier III compliant equipment. We believe this is a
breakout year for AmeraMex," added Hamre.
Tables Follow
AmeraMex International, Inc.
CONDENSED STATEMENT OF OPERATIONS
(UNAUDITED)
For the
Three-month
Period Ended
March 31, 2008
Sales $ 5,459,854
Cost of Sales 4,990,874
Gross Profit 468,980
Expenses:
SG&A 322,966
Total Expenses 322,966
Net Income from Operations $ 146,014
Other Expenses and Income
Embezzled Funds (121,356)
Net Income $ 24,658
Basic Earnings (Loss) Per Share $ .00000
Weighted Average Shares Outstanding 262,000,000
Diluted Earnings (Loss) Per Share $ .00000
AmeraMex International, Inc.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
For the
Three-month
Period Ended
March 31, 2008
ASSETS
CURRENT ASSETS:
Cash and Cash Equivalents $ 222,802
Accounts Receivable 1,563,909
Expected Recovery of Embezzled Funds 125,000
Inventories 1,930,376
Notes Receivable 403,793
Sales Draw 13,330
Total Current Assets 4,259,210
Fixed Assets 669,071
Other Assets 151,107
TOTAL ASSETS $ 5,079,388
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts Payable $ 2,344,493
Notes Payable 167,144
Accrued Expenses And Other Liabilities 390,875
Customer Deposits 212,203
Total Current Liabilities 3,114,715
Total Long Term Liabilities 1,079,880
Total Liabilities 4,194,595
STOCKHOLDERS’ EQUITY
Capital Stock 204,025
Paid-In Capital 1,375,303
Additional Paid-In Capital/AMMX 598,800
Retained Earnings (Loss) (1,293,335)
Total Stockholders’ Equity 884,793
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 5,079,388
AmeraMex International, Inc.
CONDENSED STATEMENT OF OPERATIONS
(RESTATED AND UNAUDITED)
For the
Twelve-month
Period Ended
December 31, 2007
Sales $ 15,703,965
Cost of Sales 14,085,353
Gross Profit 1,618,612
Expenses:
SG&A 1,765,661
Total Expenses 1,765,661
Net Income (Loss) From Operations $ (147,049)
Other Income and Expenses
Embezzled Funds (305,551)
Net Income (Loss) $ (452,600)
Basic Earnings (Loss) Per Share $ (0.002)
Weighted Average Shares Outstanding 262,000,000
Diluted Earnings (Loss) Per Share $ (0.002)
AmeraMex International, Inc.
UNAUDITED AND RESTATED CONDENSED CONSOLIDATED BALANCE SHEETS
For the
Twelve-month
Period Ended
December 31, 2007
ASSETS
CURRENT ASSETS:
Cash And Cash Equivalents $ 475,451
Accounts Receivable 256,511
Expected Recovery Of Embezzled Funds 125,000
Inventories 3,860,777
Notes Receivable 403,793
Sales Draw 11,870
Total Current Assets 5,133,402
Fixed Assets 768,196
Other Assets 151,108
TOTAL ASSETS $ 6,052,706
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts Payable $ 3,382,416
Notes Payable 171,993
Accrued Expenses And Other Liabilities 287,506
Customer Deposits 212,203
Total Current Liabilities 4,054,118
Total Long Term Liabilities 1,138,452
Total Liabilities 5,192,570
STOCKHOLDERS’ EQUITY
Capital stock 204,025
Paid-in capital 1,375,303
Additional paid-in capital/AMMX 598,800
Retained earnings (loss) (1,317,992)
Total Stockholders’ Equity 860,136
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 6,052,706
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