AmeraMex International Reports Profitable Year End
(firmenpresse) - CHICO, CA -- (Marketwire) -- 03/11/13 -- (PINKSHEETS: AMMX), a provider of heavy equipment to infrastructure, shipping, construction and farming companies, today reported financial results for its financial year ended December 31, 2012.
The company reported revenue of approximately $3.4 million with gross profit of $2.5 million compared to revenue of approximately $5.2 million with gross profit of $2.2 million for the year ended December 31, 2011.
Gross profit margins, as a percentage of revenue, were 74 percent, a significant increase when compared to gross profit margins of 42 percent for the comparable 2011 year. Improved margins are due in part to product mix and the company's trucking operation.
The company reported a net income for the year of approximately $.276 million compared to net loss of $.132 million for the year ended December 31, 2011. This is due in part to a decrease in SG&A expenses and depreciation as equipment was sold directly out of inventory.
AmeraMex CEO Lee Hamre commented, "We have discussed a number of potential projects over the past several months and will provide an update on the following projects during tomorrow's conference call."
Project Update:
Agreement between AmeraMex and U.S.-based Westrail to construct and repair railway system in Northern Africa
SEC Audit
Transportation contract
Additional contracts in American Samoa
Opportunities in Peru and Central America
Order pipeline - international and U.S.
Opportunities in Niger
Opportunities within the Commodities Division
Tomorrow's call is scheduled at 11:00 a.m. Pacific Time, 2:00 p.m. Eastern Time. The dial-in number for both U.S. and international callers is 1-480-629-9760. Please dial in to the conference five minutes before the call is scheduled to begin and ask the operator for the AmeraMex conference call, ID 4604258.
An audio replay of the conference call will be available from March 12, 2013 at 5:00 p.m. Eastern, through March 26, 2013 at 11:59 p.m. Eastern. The replay can be accessed by dialing 1-858-384-5517 and entering conference pin number 4604258.
AmeraMex International sells, leases and rents heavy equipment to companies within four industries: construction (light and infrastructure), shipping logistics, mining and commercial farming. AmeraMex International's largest product line is specialized container handling equipment that enables stevedoring companies to quickly and efficiently load and offload container and general freight ships dockside. AmeraMex, with customers in the Americas, Africa, Asia and Eastern Europe, has over 30 years of experience in heavy equipment sales and service and maintains an inventory of top-of-the-line equipment and parts from manufacturers such as Taylor Machine Works Inc. and Terex Heavy Equipment. For more information visit the AmeraMex website, or .
Except for the historical e historical information contained herein, the matters discussed are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from any forward-looking statements made herein.
Marty Tullio
McCloud Communications LLC
949.553.9748 Office
949.632.1900 Mobile
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Datum: 11.03.2013 - 13:00 Uhr
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