AmeraMex International Reports Year-End Financials:
Revenue Increased 79 Percent and Net Income Increased 362
Percent
CHICO, CA – March 28, 2014
– 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, 2013.
Highlights for the Year Ended December 31, 2013:
Revenue Increased 79 Percent
The company reported revenue of
approximately $6.1 million with gross profit of $2.6 million compared to revenue
of approximately $3.4 million with gross profit of $2.4 million for the year
ended December 31, 2012.
Net Income Increased 362 Percent
The company reported a net income
for the year of approximately $.485 million compared to net income of $.105
million for the year ended December 31, 2012. This is due in part to a decrease in operating and financial expenses.
Stronger Balance Sheet
- Cash and cash equivalents increased from
$33,119 in 2012 to $817,208 in 2013 - Total Assets increased from $892,250 in
2012 to $2.7 million in 2013
AmeraMex CEO Lee Hamre commented,
“We are all pleased to report a much improved year and while it is imperative
that we continue to grow revenue and increase our bottom line, it is equally
important that we present a strong balance sheet to shareholders and potential
customers. Kevin Atkin, our new CFO has
done a remarkable job of cash management, which is reflected in a much stronger
balance sheet for 2013. His work within
the accounting department and other areas of our company has created a
much-desired cohesiveness within the management team helping us better manage
the company’s continued growth and significant potential.”
Hamre continued, “During our
February 14th shareholder conference call, we discussed the
potential in Niger and provided a project update. I have just returned from Niger and expect to
provide an update regarding our trip within the next few days.”
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, 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.
Safe Harbor
Statement: This press release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), and as such, may involve risks and uncertainties.
Forward-looking statements, which are based on certain assumptions and describe
future plans, strategies, and expectations, are generally identifiable by the
use of words such as “believe,” “expect,”
“intend,” “anticipate,” “estimate,”
“project,” or similar expressions. These forward-looking statements
relate to, among other things, expectations of the business environment in
which the Company operates, projections of future performance, potential future
performance, perceived opportunities in the market, and statements regarding
the Company's mission and vision. The Company's actual results, performance,
and achievements may differ materially from the results, performance, and
achievements expressed or implied in such forward-looking statements.
To read the financial
statements, click on the PDF.
Investor and Media Relations
McCloud Communications, LLC
Marty Tullio, Managing Member
Office: 949.632.1900 Marty@McCloudCommunications.com