AmeraMex International Provides Shareholder Update
9:45 am ET July 9, 2018 (Globe Newswire) Print
AmeraMex International, Inc. (OTC:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction, forestry conservation and tactical military vehicles, provides an update pertaining to the 2016 and 2017 audit and the Company's share structure.
AmeraMex CFO Hope Stone commented, "I have been with the Company approximately five weeks and during that time have participated in telephonic meetings with our outside auditors and, following their direction, have made the requisite updates to our financial records for years 2016 and 2017. Based on what we have accomplished during the past five weeks and the review of the updates by our outside auditing firm, we believe the 2016 and 2017 audits should be reviewed, approved and provided to our outside legal group by the middle of August."
AmeraMex has added many new shareholders over the past 12 months and these shareholders have inquired about the Company's share structure. Currently AmeraMex has 1 billion shares of common stock authorized and 753 million shares of common stock issued and outstanding. Of the 753 million shares of common stock issued and outstanding, 495 million are restricted shares and 259 million shares are free trading.
The Company recently participated in a demonstration of mastication equipment targeting companies such as PG&E along with the US Forestry Service and CalFire. Unfortunately, a demonstration video is not available with the exception of a short 1.5-minute video provided by a Sacramento, CA, newspaper, The Sacramento Bee. The video, which contains advertisements, will not be uploaded to the AmeraMex website. There is an excellent video of the Menzi Muck mastication equipment currently available on the Company's website, www.AMMX.net.
About AmeraMex International
AmeraMex International sells, leases and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and forestry conservation. The company also represents an inclusive product line of advanced performance tactical military vehicles from Oshkosh Defense, LLC. AmeraMex, with a US and international customer base, has over 30 years of experience in heavy equipment sales and service. Follow AmeraMex on Twitter @ammx_intl and visit the AmeraMex website, www.AMMX.net or www.hamreequipment.com for additional information and equipment videos.
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