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AmeraMex International Reports a Profitable 2011 with a 53 Percent Increase in Revenue

Apr 3, 2012

 
 

AmeraMex International Reports a Profitable 2011 with a 53 Percent Increase in Revenue

CHICO, CA – April 3, 2012 – AmeraMex International, Inc. (OTC: AMMX), a provider of heavy equipment for the infrastructure construction, logistics (stevedoring and shipping), farming and mining industries, provided financial results for the year ended December 31, 2011.

Current Highlights:

  • The two-year audit is expected to be finalized shortly. The 2011 year end had to be completed before finalizing the audit.
  • Order pipeline is strong going into the second quarter of 2012.
  • African projects continue to grind through red tape with anticipated news in second quarter.
AmeraMex President and CEO Lee Hamre commented, “2011 was a better year with the majority of revenue being generated internationally.  International relationships are beginning to flourish and we are experiencing reorders from customers, especially in South America. These customers primarily order refurbished equipment, which provides considerably better gross profit margins than new equipment.”

 

For the year ended December 31, 2011, the company reported revenue of approximately $5.2 million, a 53 percent increase, when compared to revenue of $3.4 million for 2010. Net profit for the year was $152,850, compared to a net loss of ($322,503) for 2010 – a significant improvement.

EBITDA for the year was $454,625, a considerable increase when compared to EBITDA of ($67,634) for 2010. EBITDA, earnings before interest, taxes, depreciation and amortization, is an accepted industry tool to measure the fundamentals of growth companies. 

 
TO READ THIS NEWS RELEASE IN ITS ENTIRETY, INCLUDING THE FINANCIAL SCHEDULES, PLEASE OPEN THE ATTACHMENT.

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 International's largest product line is specialized container handling equipment that enables stevedoring companies to quickly and efficiently load and offload container and general freight ships dockside. 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.

Forward-looking Statements
Except for the historical information contained herein, the matters discussed pertaining to equipment orders and future revenue are forward-looking statements 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.

Media and Financial Contact:
Marty Tullio
McCloud Communications LLC
949.553.9748
marty@mccloudcommunications.com

 

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