-- Received a $600,000 order from an Algeria construction company for a
variety of infrastructure construction equipment. The equipment is
scheduled to ship within a 90-day window.
-- Management is currently responding to several RFPs from North and West
Africa countries
-- Logistics companies on the West Coast have begun to disseminate RFPs
for new dock equipment including container handlers
-- AmeraMex has entered into a Heavy Equipment Service and Repair Contract
with a U.S. Army installation in Northern California
-- Today the company received a $230,000 equipment order for an
environmentally friendly log forwarder and processor. The equipment
is shipping this week to the Lake Tahoe basin.
"This has not been a memorable year for most U.S. companies, including
AmeraMex," commented AmeraMex CEO Lee Hamre. "While we've had some
significant challenges, we have also been presented with considerable
opportunities. We are meeting the challenges head-on and are taking
advantage of the opportunities. These opportunities have resulted in the
company's involvement with a number of partners in synergistic industries.
We think this involvement will directly and indirectly boost the company's
sales of heavy equipment, and provide various commissions and/or finders
fees."
Hamre continued, "Our work with several North African countries has created
many opportunities for the company and will provide both AmeraMex and its
shareholders with a significantly improved 2010. And, we are pleased to see
our U.S. business prospects begin to improve. We expect the effects of a
stronger U.S. economy in the third and fourth quarters will generate
additional order flow."
For the year ended, December 31, 2009, the company reported revenue of
approximately $8.3 million and a net loss of ($501,451), or a loss per
share of ($0.002). EBITDA for the year was ($124,249). EBITDA, earnings
before interest, taxes, deprecation and amortization, is an accepted
industry tool to measure the fundamentals of growth companies.
Hamre noted, "We will host a shareholder conference call in mid-April to
discuss the highlights of 2009 and the milestones we have set for 2010. A
news release containing the pertinent information will be publicly
disseminated shortly. We would like to sincerely thank our shareholders for
their continued support and look forward to our first shareholder
conference call."
AmeraMex International, Inc.
CONDENSED STATEMENT OF OPERATIONS
(UNAUDITED)
12 Months Ended
December 31, 2009
--------------
REVENUE
Total Revenue $ 8,348,467
COST OF SALES
Total Cost of Sales 6,505,936
GROSS MARGIN 1,842,531
OPERATING EXPENSE
SG&A 2,023,114
Depreciation 257,375
--------------
Total Operating Expense $ 2,280,489
OPERATING INCOME (LOSS) (437,958)
OTHER INCOME AND EXPENSE
Interest (119,827)
Tax Credit 56,334
--------------
Total Other Income (Expense) (63,493)
--------------
NET INCOME (LOSS) (501,451)
==============
==============
Basic Earnings (Loss) Per Share $ (0.002)
==============
Weighted Average Shares Outstanding 272,000,000
==============
Diluted Earnings (Loss) Per Share $ (0.002)
==============
==============
AmeraMex International, Inc.
Unaudited Consolidated Balance Sheet
For the 12-Month
Period ended
December 31, 2009
--------------
ASSETS
Current Assets
Cash $ 67,638
Accounts Receivable 278,050
Note Receivable 403,793
Inventory 1,246,590
Other Current Assets 46,869
--------------
Total Current Assets $ 2,042,940
Non Current Assets
Investments 136,945
Trucks & Trailers 1,542,402
Other Vehicles 310,757
Fixtures & Equipment 189,436
Leasehold Improvements 279,626
Less: Accum Depreciation (1,668,303)
--------------
Total Non Current Assets 790,863
TOTAL ASSETS $ 2,833,803
LIABILITIES
Current Liabilities
Accounts Payable 1,107,981
Taxes Payable 392,579
Other Current Payables 49,652
--------------
Total Current Liabilities $ 1,550,212
Non Current Liabilities
Notes Payable 1,548,638
TOTAL LIABILITIES $ 3,098,850
EQUITY
Capital Stock 204,025
Additional Paid in Capital 1,974,104
Retained Earnings (Prior) (2,081,159)
Retained Earnings (Current) (501,451)
--------------
TOTAL EQUITY (265,047)
TOTAL LIABILITIES & EQUITY $ 2,833,803
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. 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