Replies to post #50742 on AmeraMex International Inc. (AMMX)

[ORCA]

YES BAD NEWS.WAIT TILL YOU SEE THE NEXT NEWS.
NEWS
AmeraMex International Appoints New Board Member and Chief Financial Officer
(via NewsDirect)

AmeraMex International, Inc. (OTC: AMMX), a provider of heavy equipment for logistics companies, infrastructure construction, and forestry conservation, announced the appointment of George Anast to the Company’s Board of Directors and Andrew Gustafson to the position of CFO.

“We are pleased to welcome George as a new independent director to the AmeraMex Board, he fills the seat vacated by Marty Tullio,” said Lee Hamre, AmeraMex’s Chairman and CEO. “With a career spanning 20+ years, George has an entrepreneurial background with expertise in leadership skills, business development, sales and marketing as well as sales operations and accountment management. We are confident he will provide the Board and management with valuable perspectives and guidance on continuing to expand the Company’s business outlook. We look forward to his contributions and are excited he chose to join our Board of Directors.”

Anast is a Senior Recruiter and Territory Sales Manager of InSync Consulting Services and has been ranked as the number one recruiter in the company for the past two years. Prior to joining InSync Consulting, Anast was a founding partner and sales director for Dionysos, a wine fulfillment company, a Regional Sales Manager for Producer’s Dairy, and Sales Manager of the New Channels Division for Dreyer’s Grand Ice Cream. Anast graduated with a Bachelor of Science in Business Administration from California State University, Chico.

“We are disappointed with Marty’s decision to leave the Board but understand that family is first and foremost. We thank her for her significant contributions to the Board and to the management team- she will be missed,” commented Hamre.

We are also pleased to welcome Andrew Gustafson to AmeraMex as Chief Financial Officer effective immediately. Reporting directly to CEO Lee Hamre, he will be responsible for all financial aspects of the Company including accounting oversight, financial reporting, analysis and budgeting. He will be the point of contact for all outside accounting and advisory firms. Gustafson will replace Hope Stone who has taken a new position that will allow her to spend time with her active family.

Before joining AmeraMex International, Gustafson was an Assistant Director with Stanford Health Care in the Bay Area. With a career spanning over 25 years, Gustafson brings a wealth of experience in accounting and operations, including a successful IPO with eCollege.com and the founding of a boutique consulting practice.

Gustafson is a native of California and holds a BS in Accountancy from California Lutheran University and an MBA from the University of Colorado.

AmeraMex CEO Lee Hamre commented, “On behalf of the Board and everyone at the Company, I would like to thank Hope for her dedication to the Company and her many contributions during her tenure as CFO—we wish her continued success. I appreciate her assisting the Company, on an as-needed basis, to ensure a smooth transition.”

About AmeraMex International

AmeraMex International sells, leases and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber. 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.

[ORCA]

VERY BAD NEWS.I ALWAYS SAID THAT GO FULLY REPORTING IS NOT A GOOD MOVE,AND THAT IT WILL COST THE COMPANY A TON OF MONEY.HERE IS THE PROOF.
AmeraMex International to Begin Trading on the OTC Pink Market
(via NewsDirect)

AmeraMex International, Inc. (OTC:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, announced that it has informed the OTC Market System that the Company has elected to move from the OTCQB to the OTC Pink Market. This move will be effective today, April 4, 2023.

AmeraMex CEO Lee Hamre commented, “We did not make the decision to move from the OTCQB to the OTC Pink Market lightly, both the Board and management team are disappointed as we fought hard to become a fully reporting company. We believe that becoming a fully reporting would provide the Company with greater exposure to the financial community and retail investors. This exposure, along with continued revenue growth would increase the Company’s stock price, which would provide a means to raise monies to finance our growth plans and acquisition strategy. Unfortunately, that did not happen and instead, it has increased our costs for legal and auditing, etc., to over $250,000+ annually, or $960,000 since 2019. This is money that could have helped strengthen our balance sheet and improve our bottom line.

“We have had conversations with several groups, attended financial conferences both digitally and in person, and the end result was to spend thousands of dollars monthly on marketing campaigns to hopefully, no guarantees, increase the stock price through expanded visibility, or to deal with groups that offered money at a incomprehensible cost to the company and its shareholder for raising small amounts of money that wouldn’t make a dent in the amount needed finance our growth plans.

“We will continue to provide transparency to our shareholders through news releases, quarterly conference calls and updates to our OTC profile and disclosure documents and, of course, conversations with our shareholders,” said Hamre.

Hamre concluded, “If, in the future, we find ourselves in the position to clearly benefit from being a fully reporting company, we will most certainly take it under consideration.