For Immediate Release
Investor and Media Relations
McCloud Communications, LLC
Marty Tullio, Managing Member
Office: 949.632.1900 or Marty@McCloudCommunications.com
AmeraMex International Reports 2014 Year-End
Financials: Revenue Increased 24 Percent, Gross Profit Increased 46
Percent and Net Income Increased 73 Percent
CHICO, CA –April 13, 2015
– AmeraMex International, Inc. (OTC:AMMX), a provider of heavy equipment
to infrastructure, shipping, logging and construction companies, today reported
financial results for its financial year ended December 31, 2014.
Highlights for the Year Ended December 31, 2014
Revenue for 2014 Increased 24 Percent; Gross Profit Increased 46
Percent
The company reported revenue of
approximately $7.3 million with gross profit of $3.6 million compared to revenue
of approximately $5.9 million with gross profit of $2.4 million for the year
ended December 31, 2013.
Net Income Increased 73 Percent
The company reported a net income
for the year of approximately $.801 million compared to net income of $.463
million for the year ended December 31, 2013. This is due in part to a significant decrease in cost of sales.
Stronger Balance Sheet
Total Liabilities decreased by 30
percent from approximately $3.3 million in 2013 to approximately $2.3 million
in 2014.
AmeraMex CEO Lee Hamre commented,
“We are continuing to increase our revenue while improving our cost of goods
sold thanks to sustained growth in our core business, which includes
refurbished equipment. We are working diligently on our pipeline of business in
Africa and anticipate closing our first large order in the near future. While sustaining
revenue growth is a necessity, it is equally important that we present a strong
balance sheet to shareholders and potential customers. With that said, we were able to decrease our
Accounts Payable by almost a million dollars in 2014 and our overall Total
Liabilities by 30 percent.”
Hamre continued, “I have just
returned from Niger and expect to provide an update regarding our trip during
the Shareholder Conference Call scheduled April 21st at 11:00 a.m.
PT and 2:00 p.m. ET.”
Financial Tables are Located in the Attached PDF or the Entire News Release