-- AmeraMex awarded $1.7 million equipment contract
-- Franklin Construction places $250,000 order
-- AmeraMex inks a $4 million order for container handlers
-- AmeraMex expands board of directors
-- Company's CEO presents at the Wall Street Analyst Forum conference
Current Highlights:
-- Company ships orders totaling $1.6 million
-- Intellian Capital Advisors retained to assist management with
acquisition strategy
-- Company shipped $400,000 of stevedoring equipment to the Port of San
Francisco
-- Company begins to ship $9.5 million order to West Coast ports
-- AmeraMex received $1.25 million order from Port of Vancouver
-- International brokers place orders in excess of $130,000
"According to industry analysts, a continued downturn within the U.S.
construction industry, especially housing and infrastructure, is expected
throughout the remainder of 2008," commented AmeraMex CEO Lee Hamre. "This
downturn, which has produced flat revenue growth for the year, has had less
affect on AmeraMex than other companies, as logistics companies continued
to replace older equipment and expand their fleets of container and
break-baulk handlers.
"Developing countries and equipment brokers in Saudi Arabia and Dubai
present tremendous opportunities," continued Hamre. "We are beginning to
make significant inroads into countries where infrastructure construction
is on the rise, along with our reputation for providing an expanding
inventory of sought after, fully refurbished equipment for heavy
construction."
"We expect 2008 to be a growth year for the company as our pipeline is
sufficient to produce revenue of approximately $20 million with an expected
return to profitability in the second quarter," said Hamre. "Viewing the
remainder of 2008, we expect to close at least two acquisitions and
continue to evaluate companies that expand our territorial reach and target
markets. I would like to reiterate that while management does not believe
the stock price reflects the value of the company, we have a sound business
strategy in place that should allow AmeraMex to increase its top line
growth during 2008, and a corporate goal to apply for a listing of our
common stock on a major exchange to provide additional exposure and ease of
trading AmeraMex stock, all of which is expected to increase shareholder
value."
Tables follow
AmeraMex International, Inc.
CONDENSED STATEMENT OF OPERATIONS
(UNAUDITED)
For the For the
Three-Month Nine-Month
Period Ended Period Ended
December 31, December 31,
2007 2007
Sales $ 3,432,132 $ 15,778,965
Cost of Sales 3,022,004 14,480,980
Gross Profit 410,127 1,297,984
Expenses:
SG&A 643,410 1,871,915
Total Expenses 643,410 1,871,915
Net Income (LOSS) $ (233,282) $ (573,930)
Basic Earnings (Loss) Per Share $ (0.0008) $ (0.001)
Weighted Average Shares
Outstanding 262,000,000 262,000,000
Diluted Earnings (Loss) Per
Share $ (0.0008) $ (0.002)
AmeraMex International, Inc.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
Twelve Month Ended
December 31,
2007
---------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 475,451
Accounts receivable 256,510
Inventories 3,860,777
Prepaid assets 16,929
Notes receivable 403,793
Sales draw 11,869
Total Current Assets 5,008,402
Fixed Assets 768,196
Other Assets 151,108
TOTAL ASSETS $ 5,927,706
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable $ 3,384,990
Notes payable 219,563
Accrued expenses and other
liabilities 493,465
Short term portion of long term debt -
Total Current Liabilities 4,098,019
Total Long Term Liabilities 1,090,881
Total Liabilities 5,188,900
STOCKHOLDERS' EQUITY
Capital stock 204,025
Paid-in capital 1,375,303
Additional paid-in capital/AMMX 598,800
Retained earnings (loss) (1,439,322)
Total Stockholders' Equity 738,806
TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY $ 5,927,706
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