AmeraMex International Reports Revenue of $8.4 Million for the Nine-Month Period with 94 Percent Increase in Net Income

Shareholder Conference Call Friday, November 9 at 8:00 a.m. PT

CHICO, Calif., Nov. 09, 2018 (GLOBE NEWSWIRE) — AmeraMex International, Inc. (OTC:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction, forestry conservation and tactical military vehicles, reported financial results for its third quarter and nine-month period ended September 30, 2018.

Third Quarter Ended September 30, 2018
The company reported revenue of approximately $3.6 million, a 96 percent increase when compared to revenue of approximately $1.8 million for the third quarter of 2017.

Gross profit for the quarter was $1.9 million, or a gross profit margin of 50 percent, compared to gross profit of  $.743 million, or a gross profit margin of 40 percent, for the third quarter of 2017.

The company reported net income for the quarter of $.987 million, an 85 percent increase when  compared to a net income of $.535 million for the comparable 2017 quarter. 

Nine-Month Period Ended September 30, 2018
Revenue for the nine-month period increased 66 percent to approximately $8.4 million when compared to revenue of $5.1 million for the 2017 nine-month period.

Gross profit for the nine-month period was $4.1 million, or a gross profit margin of 49 percent, compared to gross profit of $2.2 million, or a gross profit margin of 44 percent for the 2017 nine-month period.
                                                                                                                     
The company reported net income of approximately $1.5 million, an increase of 94 percent when compared  to net income of approximately $.771 million for the 2017 period.

AmeraMex CEO Lee Hamre commented, “We are pleased that the two-year audit is complete and our outside legal team is working on the Form 10 Registration Statement.  We are also pleased with the nine-month period results and have booked another $1.9 million since the end of the third quarter. We have a large backlog of potential orders and believe this will be a banner year for AmeraMex.”

Conference Call
The shareholder conference call, chaired by AmeraMex CEO Lee Hamre, is scheduled for Friday, November 9, 2018 at 8:00 a.m. Pacific Time, 11:00 p.m. Eastern Time. 

The conference call dial-in number for both U.S. and international callers is 1.201.689.8560. An audio replay of the call will be available from November 9, 2018 at 5:00 p.m. Eastern Time until November 23, 2018 at 11:59 p.m. Eastern Time.  The replay is accessible by dialing 1.412.317.6671 and entering pin number 13684542.  An audio version of the conference call
will also be available on the Company’s website, www.ammx.net.

 
AMERAMEX INTERNATIONAL, INC.
UNAUDITED CONDENSED STATEMENT OF OPERATIONS
For the 9 months ended September 30, 2018 & 2017
 
        Three-month   Three-month   Nine-month   Nine-month
        period ending   period ending   period ending   period ending
        September 30, 2018   September 30, 2017   September 30, 2018   September 30, 2017
                     
Sales   $ 3,606,515   $ 1,837,440   $ 8,410,867   $ 5,066,648  
Cost of Goods Sold   (1,670,580 )   (1,094,278 )   (4,266,148 )   (2,822,947 )
    Gross Profit   1,935,935     743,162     4,144,719     2,243,701  
Operating Expenses:                
  Selling Expenses   19,966     18,393     62,143     47,527  
  General & Administrative   884,671     67,672     2,387,346     1,064,998  
    Total Operating Expenses   904,637     86,065     2,449,489     1,112,525  
Income from Operations   1,031,298     657,097     1,695,230     1,131,176  
Other Income (Expenses)                
  Interest Expense   (43,090 )   (121,211 )   (199,308 )   (360,064 )
  Other Expense                
    Total Other Income (Expense)   (43,090 )   (121,211 )   (199,308 )   (360,064 )
Income Before Provision for Income Taxes   988,208     535,886     1,495,922     771,112  
                     
Provision for Income Taxes   (1,100 )   (1,100 )   (1,100 )   (1,100 )
                     
Net Income $ 987,108.00   $ 534,786.00   $ 1,494,822.00   $ 770,012.00  
                     
Weighted Average Shares Outstanding:                
  Basic   754,015,879     689,028,242     754,015,879     689,028,242  
  Diluted   754,015,879     689,028,242     754,015,879     689,028,242  
                     
Earnings (loss) per Share                
  Basic $ 0.00   $ 0.00   $ 0.00   $ 0.00  
  Diluted $ 0.00   $ 0.00   $ 0.00   $ 0.00  
                           

AMERAMEX INTERNATIONAL, INC.
UNAUDITED CONDENSED BALANCE SHEET
Third Quarter 2018 & 2017
                       
            September 30, 2018       September 30, 2017  
ASSETS                    
  Current Assets:                  
  Cash     $ 420,390       $ 48,739    
  Accounts Receivable       2,165,283         647,006    
  Inventory       1,683,628         2,154,715    
  Other Current Assets       20,799         14,799    
    Total Current Assets       4,290,100         2,865,259    
                       
  Furniture & Equipment, net       5,855,867         4,149,440    
  Other Assets       380,812         455,545    
                       
  TOTAL ASSETS     $ 10,526,779       $ 7,470,244    
LIABILITIES & STOCKHOLDERS’ EQUITY (DEFICIT)                
  Current Liabilities:                  
  Accounts Payable     $ 1,613,138       $ 677,530    
  Accrued Expenses       9,006         (11,892 )  
  Deferred Revenue       3,149,212         3,369,934    
  Income Taxes Payable       92,546         (438,091 )  
  Line of Credit       491,500         89,411    
  Notes Payable, Current Portion       897,935         826,821    
  Notes Payable, Related Party       313,365         378,806    
    Total Current Liabilities       6,566,702         4,892,519    
  Notes Payable, net of Current Portion       1,795,869         1,653,642    
  TOTAL LIABILITIES       8,362,571         6.546.161    
                       
STOCKHOLDERS’ EQUITY (DEFICIT):                  
  Common Stock, $0.0001 par value, 100,000,000 shares authorized,              
  754,016,879 & 664,890,879 shares issued and outstanding   754,017         754,017    
  Additional Paid-In Capital       20,785,924         20,785,924    
  Treasury Stock       (5,438 )       (5,438 )  
  Accumulated Deficit       (19,370,295 )       (20,610,420 )  
    Total Stockholders’ Equity (Deficit)       2,164,208         924,083    
  TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY (DEFICIT) $ 10,526,779       $ 7,470,244    
 
 
AMERAMEX INTERNATIONAL, INC.
UNAUDITED STATEMENT OF CASH FLOW
For the Nine months ended September 30, 2018
                       
OPERATING ACTIVITIES:                  
                September 30, 2018      
  Net Income           1,493,213        
    Adjustments to reconcile net income to                
    Net cash provided by operating activities:                
    Depreciation           609,740        
    Stock-based Compensation                  
    Loss on Settlement of Debt for Common Stock              
  Change in current assets and liabilities:                  
    Accounts Receivable           2,757,001        
    Inventory           1,652,575        
    Other Assets           (5,280,218 )      
    Accounts Payable & Accrued Expenses         (795,074 )      
    Income Tax Payable                  
  Net Cash Provided by Operating Activities           437,237        
                       
INVESTING ACTIVITIES:                  
    Payment for Furniture & Equipment           (755,371 )      
  Net Cash used in Investing Activities           (755,371 )      
                       
FINANCING ACTIVITIES:                  
    Repayment of Note Payable           172,296        
    Proceeds from Note Payable – Related Party       15,603        
    Net Proceeds (borrowing) under line of credit       (3,000 )      
    Purchase of Treasury Stock                  
  Net Cash used in Financing Activities           184,899        
NET DECREASE IN CASH           (133,235 )      
CASH, BEGINNING BALANCE           553,625        
CASH, ENDING BALANCE           420,390        
CASH PAID FOR:                  
    Interest           199,308        

About AmeraMex
AmeraMex International sells, leases and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber.  The company also represents an inclusive product line of advanced performance tactical military vehicles from Oshkosh Defense, LLC. AmeraMex, with a US and international customer base, has over 30 years of experience in heavy equipment sales and service.  Follow AmeraMex on Twitter @ammx_intl and visit the AmeraMex website, www.AMMX.net or www.hamreequipment.com for additional information and equipment videos. 

Except for the historical information contained herein, statements discussing the SEC audit, 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.

Investor and Media Relations
McCloud Communications, LLC
Marty Tullio, Managing Member                                               
Office: 949.632.1900 or Marty@McCloudCommunications.com

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