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AMMX.018.ALERT CC ON WED.NEXT WEEK.Q2 REPORT.READ THE Q1 REPORT.
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https://backend.otcmarkets.com/otcapi/company/financial-report/193274/content
AmeraMex International Reports Revenue of $2.0 Million For the First Quarter Ended
March 31, 2018
Gross profits for the quarter increased 96 percent
CHICO, CA – May 15, 2018 – AmeraMex International, Inc. (OTC:AMMX), a provider of heavy
equipment for logistics companies (stevedoring/shipping), infrastructure construction companies and
tactical vehicles for military organizations, today reported financial results for its first quarter ended March
31, 2018.
Highlights for the First Quarter of 2018
• Revenue for the first quarter was approximately $2.0 million, a 33 percent increase when
compared to revenue of $1.5 million for the 2017 quarter.
• Gross profit for the first quarter was approximately $1.3 million compared to gross profit of $.689
million for the quarter ended March 31, 2017. This is an increase of 96 percent.
• Net income for the quarter was $529,216 compared to net income of $2,329 for the first quarter
ended March 31, 2017.
• Year-to-date, AmeraMex has received $7.6 million in equipment orders and renewal of rental
contracts. This compares to $2.8 million in equipment orders and rental agreements for the same
time period in 2017.
• The audit for 2017 has not yet been completed. Management will disseminate an update when the
documents are provided to its outside legal counsel.
AmeraMex CEO Lee Hamre commented, “Last year we announced our agreement with Oshkosh Defense,
LLC. It has taken time to become familiar with the line tactical vehicles and determine decision makers
within our target markets as political teams can rapidly change. We extended invitations to potential
customers and now have visits and demonstrations scheduled at the Oshkosh facility. We continue to
believe our agreement with Oshkosh Defense, LLC, is a catalyst for international sales growth.
“As announced last week, we have a large demonstration scheduled showcasing our Menzi Muck and AVR
product lines in June. The demonstration, scheduled at a Forrest Service location in California, has drawn
over 100 decision makers and influencers.”