AmeraMex International, Inc.
CONDENSED STATEMENT OF OPERATIONS
(UNAUDITED)
Third Quarter Nine Months
Ended Ended
September 30, September 30,
2009 2009
------------- -------------
REVENUE
Total Revenue 635,344 7,384,411
COST OF SALES
Total Cost of Sales 593,946 6,719,258
GROSS MARGIN 41,399 665,153
OPERATING EXPENSE
SG&A 282,966 790,063
Depreciation 105,193 315,579
------------- -------------
Total Operating
Expense 388,159 1,105,642
OPERATING INCOME (LOSS) (346,760) (440,488)
OTHER INCOME AND EXPENSE
Interest (18,794) (75,344)
Miscellaneous 49,902 63,421
Tax Credit - 56,334
------------- -------------
Total Other Income
(Expense) 31,108 44,411
------------- -------------
NET INCOME (LOSS) (315,652) (396,077)
============= =============
============= =============
Basic Earnings (Loss) Per Share ($ 0.001) ($ 0.001)
============= =============
Weighted Average Shares Outstanding 272,000,000 272,000,000
============= =============
Diluted Earnings (Loss) Per Share ($ 0.001) ($ 0.001)
============= =============
============= =============
AmeraMex International, Inc.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
For the Three-Month Period Ended September 30, 2009
ASSETS
Current Assets
Cash 5,460
Accounts Receivable 276,911
Inventory 1,084,618
Other Current Assets 580,503
----------
Total Current Assets 1,947,492
Non Current Assets
Investments 166,945
Trucks & Trailers 1,560,137
Other Vehicles 280,469
Fixtures & Equipment 275,366
Leasehold Improvements 279,626
Less: Accum Depreciation (1,939,890)
----------
Total Non Current Assets 622,653
TOTAL ASSETS 2,570,144
LIABILITIES
Current Liabilities
Accounts Payable 938,157
Taxes Payable 345,220
Other Current Payables 179,118
----------
Total Current Liabilities 1,462,494
Non Current Liabilities
Notes Payable 1,406,757
TOTAL LIABILITIES 2,869,252
EQUITY
Capital Stock 204,025
Additional Paid in Capital 1,974,104
Retained Earnings (Prior) (2,081,159)
Retained Earnings (Current) (396,077)
----------
TOTAL EQUITY (299,107)
TOTAL LIABILITIES & EQUITY 2,570,144
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