AmeraMex International Receives $200,000 in Equipment Orders
CHICO, CA--(Marketwired - Sep 29, 2016) - AmeraMex International, Inc. (OTC PINK: AMMX), a provider of heavy equipment for logistics companies (stevedoring/shipping), infrastructure construction, logging and mining companies, received two equipment orders totaling $200,000. The inventoried equipment will ship before the end of the third quarter.
The customers, one located in Texas and one located in California, purchased the container handlers for use in their dry ports (inland intermodal terminals). Dry ports speed the flow of cargo between ships and major land transportation networks improving the movement of imports and exports away from congested seaports.
AmeraMex CEO Lee Hamre commented, "According to our auditors, we can still expect to have the audit completed by the end of the first week in October. It has been a relatively painless and quick process thanks to our CFO, Tracie Hannick, and her accounting staff. Management and the board are pleased to get the audit finalized and look forward to being a fully SEC reporting company."
LAST QUARTER AmeraMex International Reports Second Quarter Revenue of $2.6 Million; $5.8 Million Revenue for the Six-Month Period
Second Quarter Conference Call August 24th at 11:00 a.m. Pacific Time
CHICO, CA--(Marketwired - Aug 11, 2016) - AmeraMex International, Inc. (OTC PINK: AMMX), a provider of heavy equipment to infrastructure, shipping, construction, farming and mining companies, today reported financial results for its second quarter ended June 30, 2016.
Highlights for the Six-month Period
SEC audit began and is expected to be completed in September 2016 Sales agreements signed in the second quarter were approximately $2.5 million Received rental agreement totaling $100,000 Container handlers (wet and dry ports) contributed $1.8 million in sales Farming equipment contributed approximately $135,000 in sales Forklifts contributed (mainly to sawmills) approximately $560,000 in sales Company received TRACE certification Second Quarter Ended June 30, 2016 The company reported revenue of $2,575,732 compared to revenue of $1,278,008 for the second quarter of 2015. Net income for the quarter was $237,510 compared to net income of $252,799 for the second quarter of 2015. Gross profit, as a percentage of sales, was 36 percent compared to 63 percent for the comparable 2015 period.
Six-Month Period Ended June 30, 2016 Revenue for the six-month period was $5,818,813 compared to revenue of $2,213,206 reported for the comparable six-month period of 2015. Gross profit margin, as a percentage of sales, was 62 percent. The company reported net income of $1,421,038, compared to net income of $221,456 for the six-month period in 2015.
The conference call dial-in number for both U.S. and international callers is 1.719.457.2655. An audio replay of the conference call will be available from August 24, 2016 at 5:00 p.m. Eastern until September 7, 2016 at 11:59 p.m. Eastern. The replay can be accessed by dialing 1.858.384.5517 and entering conference pin number 1193466.
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