Please Pardon Our Appearance, We Are Under Reconstruction
Ameramex's annual net profit history since 2011:
2012 $276,000, + 80.4%
2013 $485,000, + 75.7%
2014 $801,000, + 65.2%
2015 $1,124,000, + 40.3%
2016 $1,400,000 in first half only
In the same period, shareholders' equity has grown from negative $717,000 in 2011 to positive $3,054,000 in 2016 (so far).
AmeraMex International Receives $300,000 Equipment Order
CHICO, CA – December 13, 2016 – AmeraMex International, Inc. (OTC: AMMX), a provider of heavy equipment for logistics companies (stevedoring/shipping), infrastructure construction, logging and mining companies, received a $300,000 equipment order for empty container handlers. The equipment will ship this week from inventory to a Southern California customer. This quarter the company has generated approximately $3 million in equipment orders and shipped $1.7 million in rental equipment, signed in late August, to the US Army.
According to CFO Tracie Hannick, the company expects to report revenue in excess of $3 million for the fourth quarter. Additionally, the company’s securities attorney has the signed audit and is developing the Form 10 for submission to the SEC in early January.
AmeraMex International Inks $750,000 Equipment Order
CHICO, CA –October 14, 2016 – AmeraMex International, Inc. (OTC: AMMX), a provider of heavy equipment for logistics companies (stevedoring/shipping), infrastructure construction, logging and mining companies, received a $750,000 order for container handlers and associated spare parts. The loaded container handlers and spare parts are being sent to a customer located in Guatemala. The equipment is scheduled to ship before the end of 2016.
AmeraMex CEO Lee Hamre commented, “We expect to end the year with a solid fourth quarter as the proposal pipeline for US, Central American, and Asian customers is approximately five million dollars. A number of these proposals are for equipment from our newest dealership agreement with Swiss manufacturer, Menzi Muck. I encourage our shareholders to watch the Menzi Muck video on our website, www.AMMX.net – equipment with amazing capabilities.
According to CFO Tracie Hannick, the completion of the audit has been moved to the first week in November. This is due in part to a member of the AmeraMex audit team being sidelined with health issues and a new lead auditor becoming acquainted with the project. There are no fundamental issues regarding the company’s financial statement and accounting procedures.
AmeraMex International Receives $200,000 in Equipment Orders
CHICO, CA – September 30, 2016 – AmeraMex International, Inc. (OTC: AMMX), a provider of heavy equipment for logistics companies (stevedoring/shipping), infrastructure construction, logging and mining companies, received two equipment orders totaling $200,000. The inventoried equipment will ship before the end of the third quarter.
The customers, one located in Texas and one located in California, purchased the container handlers for use in their dry ports (inland intermodal terminals). Dry ports speed the flow of cargo between ships and major land transportation networks improving the movement of imports and exports away from congested seaports.AmeraMex CEO Lee Hamre commented, “According to our auditors, we can still expect to have the audit completed by the end of the first week in October. It has been a relatively painless and quick process thanks to our CFO, Tracie Hannick, and her accounting staff. Management and the board are pleased to get the audit finalized and look forward to being a fully SEC reporting company.”
About AmeraMex International
AmeraMex International, a TRACE certified company, sells, leases and rents heavy equipment to companies within four industries: construction (light and infrastructure), shipping logistics, mining and commercial farming. AmeraMex has over 40 years of experience in heavy equipment sales and service and a customer base in the Americas, Africa, Asia and Eastern Europe. AmeraMex inventories top-of-the-line equipment from manufacturers such as Taylor Machine Works Inc., Terex Heavy Equipment, Barko Hydraulics, Menzi Muck AG and Genie. For more information visit the AmeraMex website, www.AMMX.net or www.hamreequipment.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--(Marketwired - Apr 13, 2015) - AmeraMex International, Inc. (OTC PINK: AMMX), 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."
***AmeraMex International Reports Sales of $420,000***
"While we are confident in the success of the funding, we are not putting all of our energy into International export. We have two AmeraMex consultants in the region to work with the Niger government on the truck agreement and other opportunities. We have just received notice from Niger's Minister of Defense that a $15 million proposal for late model construction equipment, submitted six months ago, has passed the approval stage by Parliament. Business in Africa is abundant but takes longer to culminate because of funding. For this reason," added Hamre, "we are always working hard on expanding our core business here in the Americas. This core business is what we know the best and what we have been doing for over 37 years."
***AmeraMex International Acquires Container Handlers With Retail Value of $2.5 Million***
CHICO, Calif., Sept. 30, 2014 (GLOBE NEWSWIRE) -- AmeraMex International, Inc. (AMMX), a provider of heavy equipment for logistics companies (stevedoring/shipping), infrastructure construction, commercial farming and mining companies, announced that it has acquired a number of used container handlers for sale. The container handlers, which have a resale value of approximately $2.5 million, are being readied for shipment to the United States.
AmeraMex CEO Lee Hamre commented, "We are constantly searching for used heavy equipment as we have a continuing demand for refurbished container handlers from our international customer base."
CHICO, Calif., Aug. 14, 2014 (GLOBE NEWSWIRE) -- AmeraMex International, Inc. (OTC:AMMX), a provider of heavy equipment for logistics companies (stevedoring/shipping), infrastructure construction, commercial farming and mining companies, announced that it has sold two refurbished container handlers to a customer in Florida and one refurbished container handler to a customer in Mexico. Both sales total $420,000.
The company has also completed the purchase of used loaded container handlers from a customer that is updating their fleet. The equipment is being transported to the shop in Chico, Calif. where refurbishing will begin immediately. The retail value of the handlers is approximately $600,000.
According to AmeraMex CEO Lee Hamre, the two banks and the government of Niger expect the various contracts between the banks, the government and private companies responsible for the transportation projects to take six to eight weeks for completion. The lender does have the Bank Guarantees and is waiting for the final agreements to complete the funding package for approval.
Hamre commented, "The length of time to complete the funding package is disappointing to our shareholders but we do have three additional opportunities hinging on getting this trucking deal put together properly within the public and private sectors for the funding group. Once completed, the other opportunities will move more smoothly through the government and private channels."
***AmeraMex International Reports 2014 Year-End Financials: Revenue Increased 24 Percent, Gross Profit Increased 46 Percent and Net Income Increased 73 Percent*** Full Year 2014 Financial Report Here
***AmeraMex International Reports Third Quarter Revenue of $2.2 Million ***AmeraMex International Reports Revenue Growth of 64 Percent*** Q2 2014 Report Here
and Revenue of $6.1 Million for the Nine-Month Period***
Q3 2014 Report Here
***AmeraMex International Reports Revenue Of $2.8 Million For Q1 '14 -- a 241% Increase YoY***
Q1 2014 Financial Report Here
AmeraMex International, Inc. Company Profile
AmeraMex International Inc. provides heavy equipment to high growth industries, such as heavy construction, surface mining, infrastructure, logging, shipping and transportation. AmeraMex has four business units, Hamre Equipment Inc., Hamre Heavy Haul Industry, which includes Hamre Equipment Acquisiton, Hamre Parts & Service, and John's Radiator. Over the past 30 years, AmeraMex has grown from a used forklift dealer in Northern California to the owner and operator of a $5.0 million fleet of heavy equipment for sale, lease or rent to companies in the United States, as well as companies located in Canada, Indonesia, Germany, Singapore, Vietnam, China, Russia, Central America and Mexico.
AmeraMex business units are authorized dealers for quality manufacturers, such as Taylor Machine Works, Terex Heavy Equipment, and Barko Hydraulics. The company carries a large inventory of front end loaders, scrapers, excavators, backhoes, rock trucks, container handlers, log loaders, forklifts, wheel loaders, trucks and trailers. AmeraMex maintains a complete maintenance organization, which includes a large parts inventory and service department, complete with steam cleaning services, sand blasting and paint shop.
AmeraMex supplies heavy equipment to many different industries. The fastest growing market for AmeraMex is the shipping industry. The company maintains an extensive line of equipment for the loading and off-loading of shipping containers from ships coming in and going out of ports up and down the West Coast of the United States.
In addition to equipment for the handling of shipping containers, AmeraMex has an extensive equipment inventory for infrastructure development, including road construction and land development projects. Infrastructure projects require the lease and rental of heavy equipment and contribute significantly to the company’s continued revenue growth. With the growing demand for infrastructure development, AmeraMex has expanded its rental fleet of heavy construction equipment with Terex front end loaders, scrapers, excavators, backhoes and rock trucks. This equipment is usually rented, rather than purchased, for infrastructure projects.
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AmeraMex is also expanding into new markets through partnerships and an acquisition strategy. Acquisition candidates have been identified within areas that would expand the company's sales and service organization.
Another division of the AmeraMex is Hamre Heavy Haul. With its customized fleet of heavy haul equipment including a fleet of Peterbilt trucks and Cozad heavy haul trailers, Hamre Heavy Haul was initially formed to transport heavy equipment for AmeraMex and other divisions of the parent company and now markets its services to companies throughout the US.
Why invest in AmeraMex International?
- Continued revenue growth. For the full year '14, the company increased revenues 24% YoY.
- Gross profits increased 46% YoY for '14.
- The company reported a POSITIVE net profit of $801K for the year '14.
- Many mega contracts in the works. A $200+ million truck contract fully funded any day, a MOA for $80 million 20-MW solar project, a $15 million military equipment contract, and three other large MOAs being worked on currently.
- SEC audit being conducted for 2-years of filings and uplisting exchanges.
- Margin growth focusing on leases and selling refurbished equipment which has a higher profit margin.
- Possible acquisitions coming.
- Increasing shareholder equity through growth of revenue and profitability. No dilution and toxic financing!!!
- Open and transparent management/ownership that cares about investor's success, while following through on what they say they will do.
- Many other projects on the back burner that will come to fruition.
- Quarterly shareholder update calls.
- Low share float (a majority of the O/S is restricted shares held by management), and so many other reasons!
In addition to a rapidly growing company, global infrastructure spending is growing at 9% per year: "HSBC's Global Connections survey indicates that infrastructure-related trade will grow at an average of 9 per cent each year between now and 2030, implying that total spending will more than triple in the next 17 years. This will help to boost global trade prospects and the HSBC Forecast expects world trade to grow at a modest pace to 2015, before accelerating between 2016 and 2020."
Lee R. Hamre, President and CEO
Lee Hamre is president and CEO of AmeraMex International, and also serves as a director on the company’s board. Prior to assuming his current role with AmeraMex, Mr. Hamre was president and CEO of Hamre Equipment Company, which he launched in 1989 with partner, Warren Murphy. He has 30 plus years of experience in the heavy equipment and heavy haul business. Hamre began working at his father’s heavy equipment company, while in high school. There he learned every aspect of the business from the ground up and years later moved into sales and sales management, and opened a branch office which he managed. As a young entrepreneur, Hamre started a small business while in college, which would later have 20 employees. During his business career, Hamre has held positions in sales and sales management, branch operations, and as a successful business owner and operator.
Over the years Mr. Hamre has expanded his dealings in the heavy equipment marketing field by completing sales in several foreign countries, such as Russia, Indonesia, Columbia, Honduras, Guatemala, Mexico, and Nigeria. During these years Mr. Hamre learned the business of exporting used heavy equipment to customers around the world.
Mr. Hamre is a member of the U.S. Small Business Administration Roundtable, which meets quarterly with Senators and Congressman in Washington, D.C. to discuss the impact of proposals and bills on small business.
Mr. Hamre served in the United States Navy Reserves from 1968 through 1974. Hamre earned a B.A. degree in communications and public relations from Chico State College in Chico, California.
In 2006 the CEO, Lee Hamre, joined his company, Hamre Equipment, Co., with AmeraMex International, Inc. to take the whole entity public.
Currently, as the CEO and President of AmeraMex International, Inc. Mr. Hamre has taken the company to a new arena, which is much larger than dealing with heavy equipment alone. The company now has taken on partners to work within many fields and connecting large construction companies with projects in West Africa, Russia, South America and many more, working together for common gain these partnerships have created a new business model that is working well and appears to be able to work well into the future.
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The share structure for AMERAMEX INTERNATIONAL INC as of 08/17/2016 is as follows:
1,000,000,000 shares authorized,
753,415,879 shares issued and outstanding,
504,847,441 shares restricted.
Updated June 17, 2016:Authorized Shares = 1,000000000, Outstanding Shares = 754,015,879, Restricted Shares = 505,447,441
Updated share structure for AmeraMex International (updated March 28th 2016).
: Authorized Shares 1,000000000
:Outstanding Shares 754,015,879
:Restricted Shares 512,598,441
SHARE STRUCTURE (updated July 15, 2015)
April 21, 2015 transcript Seeking alpha