FOR IMMEDIATE RELEASE
Investor and Media Relations
McCloud Communications, LLC
Marty Tullio, Managing Member Ofice: 949.632.1900 orMarty@McCloudCommunications.com
AmeraMex International Reports Second Quarter Revenue of $2.6 Million; $5.8 Million Revenue for the Six-Month Period
Second quarter conference call August 24th at 11:00 a.m. Pacific Time
CHICO, CA – August 11, 2016 – AmeraMex International, Inc. (OTC:AMMX), a provider of heavy equipment to infrastructure, shipping, construction, farming and mining companies, today reported financial results for its second quarter ended June 30, 2016.
Highlights for the Six-month Period
– SEC audit began and is expected to be completed in September 2016
– Sales agreements signed in the second quarter were approximately $2.5 million
o Received rental agreement totaling $100,000
o Container handlers (wet and dry ports) contributed $1.8 million in sales
o Farming equipment contributed approximately $135,000 in sales
o Forklifts contributed (mainly to sawmills) approximately $560,000 in sales
– Company received TRACE certification
Second Quarter Ended June 30, 2016
The company reported revenue of $2,575,732 compared to revenue of $1,278,008 for the second quarter of 2015. Net income for the quarter was $237,510 compared to net income of $252,799 for the second quarter of 2015. Gross profit, as a percentage of sales, was 36 percent compared to 63 percent for the comparable 2015 period.
Six-Month Period Ended June 30, 2016
Revenue for the six-month period was $5,818,813 compared to revenue of $2,213,206 reported for the comparable six-month period of 2015. Gross profit margin, as a percentage of sales, was 62 percent. The company reported net income of $1,421,038, compared to net income of $221,456 for the six-month period in 2015.
The conference call dial-in number for both U.S. and international callers is 1.719.457.2655.
An audio replay of the conference call will be available from August 24, 2016 at 5:00 p.m. Eastern until September 7, 2016 at 11:59 p.m. Eastern. The replay can be accessed by dialing 1.858.384.5517 and entering conference pin number 1193466.
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.
Safe Harbor Statement
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.
To see CORRECTED financial tables, please open the attached PDF or view on the AMMX.NET website