AMMX
AmeraMex International to Represent Oshkosh Defense, LLC, within the Federal Republic of Nigeria
CHICO, CA--(Marketwired - May 12, 2017) - AmeraMex International, Inc. (OTC PINK: AMMX), a provider of heavy equipment for logistics companies (stevedoring/shipping), infrastructure construction, logging and mining companies, announced that it will be representing Wisconsin-based Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, within the Federal Republic of Nigeria.
AmeraMex will assist Oshkosh Defense to market a variety of tactical vehicles including light combat tactical all-terrain vehicles, a family of medium tactical vehicles, heavy expanded mobility tactical trucks and trailers, heavy equipment transport and trailers along with mine-resistant, ambush protected, all-terrain vehicles to government agencies within Nigeria.
AmeraMex CEO Lee Hamre commented, "We are pleased to be representing Oshkosh Defense's tactical military vehicles. AmeraMex has developed strong relationships with government agencies within Western African countries including Nigeria. We believe offering an inclusive product line of advanced performance tactical military vehicles from a well-known manufacturer of durable and reliable military tactical equipment will expand our potential within Nigeria and other African countries where we have existing relationships."
About Oshkosh Defense, LLC
Oshkosh Defense is a leading provider of tactical wheeled vehicles and life cycle sustainment services. For decades, Oshkosh has been mobilizing military and security forces around the globe by offering a full portfolio of heavy, medium, light and highly protected military vehicles to support our customers' missions. In addition, Oshkosh offers advanced technologies and vehicle components such as TAK-4® independent suspension systems, TerraMax™ unmanned ground vehicle solutions, Command Zone™ integrated control and diagnostics system, and ProPulse® diesel electric and on-board vehicle power solutions, to provide our customers with a technical edge as they fulfill their missions.
Every Oshkosh vehicle is backed by a team of defense industry experts and complete range of sustainment and training services to optimize fleet readiness and performance. Oshkosh Defense, LLC is an Oshkosh Corporation company (NYSE: OSK).To learn more about Oshkosh Defense, please visit www.oshkoshdefense.com.
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.
THE NEWS WE GOT ON FRIDAY IS EXTREMELY HUGE.PEOPLE DO NOT REALIZE HOW HUGE IT IS.A NYSE COMPANY WITH $BILLIONS IN REVENUES,IN BED WITH A PENNY STOCK,THAT TRADES UNDER 1 PENNY.EVEN WITHOUT THIS TREMENDOUS NEWS.
CHECK MY DD ON WHERE THIS SHOULD BE TRADING.
Q1 IS DUE ANYDAY NOW.10-K OVER $10 MIL,IN REVENUES,AND NET PROFIT OF $1 MILLION.DIVIDE $1 MILLION TO 753,415,879 O/S=.0013 PER SHARE EARNINGS. ON A 15 P/E=PPS OF AROUND .02.AND AT LOW P/E OF 10=PPS .013.STOCK TREMENDOUSLY UNDERVALUED.Q1 IS DUE ANYDAY NOW.
ON WATCH FOR THE NEXT 10 DAYS.ON THE Q1 REPORT.IF POSITIVE.IT WILL ROCK BIG TIME.
WHAT PENNY STOCK BRINGS IN OVER 10$ MILLION IN REVENUES AND A NET PROFIT OF $1 MILLION??????ALSO THE FLOAT IS ONLY AROUND 200 MILLION.
AmeraMex International Reports a 24 Percent Increase in Sales for the Year-Ended December 31, 2016
CHICO, CA – April 4, 2017 – 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, 2016.
Highlights for the Year Ended December 31, 2016
Revenue for 2016 Increased 24 Percent
The company reported revenue of approximately $10.1 million compared to revenue of approximately $8.1 million for the year ended December 31, 2015.
Gross Profit for 2016 Increased 17 Percent
The company reported gross profit of $4.6 million compared to gross profit of $4.0 million for the year ended December 31, 2015. Gross profit as a percentage of sales rose 6 percent over the previous year.
Net Income
The company reported net income for the year of approximately $1.0 million compared to net income of $1.4 million for the year ended December 31, 2015. The decline is due to added expenses associated with becoming a SEC reporting company. This is the company’s sixth consecutive years of profitability.
Stronger Balance Sheet
Current assets improved significantly with an approximate $1.0 million increase in Inventory. Additionally, the company acquired two new heavy-haul transport tractor-trailers and a new service truck.
Audit Update
The Company has completed its 2014 and 2015 audited financial statements. Work has commenced on preparing a Registration Statement on Form 10 (the “Registration Statement”) to file with the United States Securities and Exchange Commission (“SEC”). Reviewed interim financial statements and an audit of the 2016 financial statements will be required and those are being prepared as well.
The Company plans to file the Registration Statement with the SEC as soon as possible. Then the SEC comment process will begin. The process can last many months, but the Company and its service providers are committed to responding expeditiously. After the SEC comment process is completed to their satisfaction, they will declare the Registration Statement “effective” and AmeraMex will be a “reporting company” which is a requirement before applying to list on the OTCQB.
Auditor and Legal Firm
In compliance with SEC regulations, the Company retained the firm of Chia & Alton LLP as its auditors and the firm of Fitzgerald, Yap, Kreditor LLP as its legal advisors. The Company recently replaced Chia & Alton LLP with dbbmckennon LLP. The replacement, which slightly delayed the audit of the financials for the year ended December 31, 2016, is better aligned with the needs of AmeraMex.
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