AmeraMex International Inc. (AMMX)

[Booneandcrockett]

AmeraMex International Reports Third Quarter Revenue of $1.3 Million and Revenue for the Nine-Month Period of $7.1 Million


Shareholder Conference Call Friday, November 15 at 11:00 p.m. PT



CHICO, CA – November 15, 2016 – AmeraMex International, Inc. (OTC:AMMX), a provider of heavy equipment to infrastructure, shipping, construction and farming companies, today reported financial results for its third quarter and nine-month period, ended September 30, 2016.

Third Quarter Ended September 30, 2016

· Revenue down 24 percent

· Gross profit down 13 percent

· Net loss for the quarter

The company reported revenue of approximately $1.3 million compared to revenue of approximately $1.7 million for the third quarter of 2015. Gross profit for the quarter was approximately $.548 million compared to gross profit of $.632 million for the third quarter of 2015.

The company reported net loss for the quarter of ($.152) million compared to net income of $.102 million for the 2015 quarter. The loss was due in part to an increase of approximately $200,000 in operating expenses pertaining to the initial SEC audit, employee health insurance and increased depreciation.

Nine-Month Period Ended September 30, 2016

· Revenue increases 82 percent

· Gross profit increases 110 percent

· Net income increases 60 percent

Revenue for the nine-month period was approximately $7.1 million compared to revenue of $3.9 million for the comparable 2015 period. Gross profit for the period was approximately $4.2 million compared to gross profit of $2.0 million for the nine-month period of 2015.

The company reported net income of approximately $1.2 million for the period compared to net income of approximately $.343 million for the comparable period in 2015.