FOR IMMEDIATE RELEASE
Investor and Media Relations
McCloud Communications, LLC
Marty Tullio, Managing Member
Office: 949.632.1900
Marty@McCloudCommunications.com
AmeraMex
International Provides
Conference Call Update
CHICO, CA –
November 20, 2015 – AmeraMex International, Inc. (OTC:
AMMX), a provider of heavy
equipment for logistics companies
(stevedoring/shipping), infrastructure construction, logging and mining
companies, provided the following update to shareholders participating to
today’s conference call.
· 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
is
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
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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