FOR IMMEDIATE RELEASE
Investor and Media Relations
McCloud Communications, LLC
Marty Tullio, Managing Member
949.632.1900 or Marty@McCloudCommunications.com
AmeraMex International Reports Revenue For theFirst Quarter of 2015
CHICO,
CA – May 18, 2015 – AmeraMex
International, Inc. (OTC:AMMX), a provider of heavy equipment to
infrastructure, shipping, construction and farming companies, today reported
financial results for its first quarter ended March 31, 2015.
Highlights for
the First Quarter Ended March 31, 2015
·
AmeraMex International receives five-year government
rental agreement totaling $837,000
·
AmeraMex International receives $275,000 in
equipment orders
·
AmeraMex
International announces orders totaling $200,000
·
Ecobank approved shipment for the
first 100 trucks and trailers to Niger. The shipment is valued at approximately
$12 million. The Agreement calls for
3,000 trucks and trailers to be shipped over a five-year period.
·
The company reported revenue of approximately
$.936 million compared to revenue of $ 2.8 million for the first quarter of 2014.
·
Gross profit for the first quarter was of
approximately $.549 million compared to gross profit of $1.1 million for the
quarter ended March 31, 2014.
·
Gross profit margins, as a percentage of
revenue, were 59 percent, compared to gross profit margins of 39 percent for
the comparable 2014 quarter.
·
The company reported a net profit for the
quarter of $.020 million compared to net profit of $.205 million for the first
quarter ended March 31, 2014.
AmeraMex CEO Lee Hamre commented, “Our
sales process is time consuming and often requires several months and many
processes before an agreement is signed. Once signed there is often a time lag while equipment is being built or
while we refurbish used equipment. This
process makes it difficult to have consistency in our revenue flow – much like
companies with seasonality issues.
“Historically,” continued Hamre, “revenue
for our first quarter is normally low and revenue of $2.8 million for the first
quarter of 2014 was an anomaly. That is the nature of our industry.”
To view the news release with the financial tables, please open the attached PDF file.