CHICO, CA--(Marketwired - Nov 20, 2015) - AmeraMex International, Inc. (
- The company reported its seventh consecutive profitable quarter . While revenue for the nine-month period was down when compared to last year's nine-month period, management is projecting revenue for the fourth quarter of approximately $5 million. Shareholders were cautioned that this is a projection and historically some equipment shipments have slip into following quarters, which in this case would be the first quarter of 2016.
- Last year AmeraMex reported year-end revenue of $7.3 million and if year-end shipments occur as planned, the company is projected to finish 2015 with approximately $9 million in revenue. This would be a 23 percent growth in revenue coupled with an estimated 20 percent increase in annual gross profit. Management commented that its potential business pipeline indicates that 2016 is expected to be another growth year for the company.
- Shareholders will notice that the " YIELD" sign has been removed from the company's trading symbol, AMMX. This is due to an in-depth review of the company, its management team, its financial statements and its capital structure by the firm of FITZGERALD YAP KREDITOR, LLP. After the review, a letter from the firm was submitted to the OTC Market indicating that AmeraMex has provided adequate current information publicly available within the meaning of Rule 144( c)( 2) under the Securities Act of 1933 ( the " Act").
- Ecobank's manager of International Business has informed management that he is getting closer to having the sales for the trucks in Niger organized but at a very slow pace. He also informed management that the initial number of trucks to be purchased has increased from 100 to 250. The company continues to believe the prospects for the project are good. Thus far, the U.S. funding is still in place.
- There is a pipeline of potential core business in Africa and AmeraMex has provided proposals to existing and potential customers within the region. In order to maintain a competitive position within the region, management is working on an agreement with a tactical vehicle manufacturer that will give AmeraMex the right to market specific types of vehicles in African Countries -- beginning in Nigeria. The agreement is still being negotiated with the manufacturer.
A recording of the conference call i s available by dialing 1.858.384.5517 from November 20 at 5:00 p.m. Eastern Time until December 3 at 11:59 p.m. Eastern Time. The pin Number is 2447737
About AmeraMex International AmeraMex International sells, leases and rents heavy equipment to companies within four industries: construction (light and infrastructure), shipping logistics, mining and commercial farming. AmeraMex, with customers in the Americas, Africa, 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 or www.hamreequipment.com .
Except for the historical information contained herein, statements discussing sales or revenue projections are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from any forward-looking statements made herein.
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