I don't believe this is anything more than we already know, but I did inquire to Marty about a couple of items and here is the response.
Can you expound a little bit on the relationship that AmeraMex has with Oshkosh? Is there equipment already in the pipeline or are you trying to drum up business for them? What kind of business have they hired AMMX for?
1) What is the relationship, is it a formal partnership or is AMMX a licensed dealership for OSHKOSH?
AmeraMex International, Inc. will operate in Nigeria as a factory representative direct and any contacts that come in to the factory will be passed on to us here to handle. We are the sole representation for Oshkosh in Nigeria.
2) What will the ground game look like in Nigeria, i.e. will AMMX acquire and maintain a showroom or does AMMX have an existing association with a business already in Nigeria that will be utilized?
AmeraMex is established in Nigeria in both Abuja and Lagos with representation on the ground. We will not be starting out with any inventory at all due to the risks involved in sending equipment to West African region that is not sold or at least committed to.
3) Will there be an inventory of Oshkosh vehicles on display for potential customers to see and try in Nigeria?
Inventory is not really needed. The buyers in that region know very well what we have through Oskkosh available for them.
4) Were any shares of stock exchanged in the relationship with Oshkosh? NO
There were no shares of stock exchanged with Oshkosh.
5) Is there a target date for operations to commence in Nigeria, in other words when will the location in Nigeria be open for business?
We at AmeraMex have been promoting the sale of Oshkosh vehicles already for several months and were waiting for the legal department at Oshkosh to approve our first news release.
6) Will Ammx be hiring people in Nigeria to support operations there?
We already have local representation on Nigeria. Both in Abuja, and Lagos.
Also, are audited financials supposed to be out by the end of this month? Can you explain the delay in the process?
I have a call into our CFO and she has a call into the auditing firm. The delay has been the change out of auditors. The first auditing firm completed 2014, 2015 and parts of 2016. The new auditing firm has continued to have questions re some of the adjustment made to the financials and the old firm is VERY SLOW to bet back with them and our CFO has to be involved. They have not told us we would not have the 2016 audit financials but, they could be late. Legal has everything ready to go with the exception of dropping the 2016 audited financials in the documents for submission.
I do not expect to hear from Tracie until tomorrow.
Best regards,
Marty
Marty Tullio
McCloud Communications LLC
49804 Desert Vista
Suite 180
Palm Desert, CA 92260
Office: 949.632.1900
