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