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AmeraMex International Reports Financial Results for Third Quarter and Nine-Month Period

CHICO, CA -- (Marketwire) -- 11/28/12 -- AmeraMex International, Inc. (PINKSHEETS: AMMX), a provider of heavy equipment to infrastructure, shipping, construction and farming companies, today reported financial results for its third quarter and nine-month period, ended September 30, 2012.

Highlights for the quarter:

  • The company's first SEC compliant audit is on target to be completed with the first audited annual report scheduled for submission to the SEC by March 30, 2012.
  • The company is interviewing CFO candidates and has retained a financial consultant until the position is filled.
  • A conference call to update shareholders and members of the financial community is scheduled Monday, December 10, 2012. A separate news release containing dial-in information will be disseminated later this week.

Third Quarter, Ended September 30, 2012
The company reported revenue of approximately $.513 million with gross profit of $.487 million compared to revenue of approximately $1.2 million with gross profit of $.633 million for the third quarter of 2011.

Gross profit margins, as a percentage of revenue, were 95 percent, a significant increase when compared to gross profit margins of 55 percent for the comparable quarter in 2011. Improved margins are due in part to product mix and the company's trucking operation.

The company reported a net loss for the quarter of $.150 million compared to net income of $.038 million for the third quarter of 2011. This is due in part to increased operating expenses incurred from refurbishing a large number of port container handling trucks that that have yet to be sold.

Nine-Month Period Ended September 30, 2012
Revenue for the nine-month period was approximately $2.5 million compared to revenue of $3.5 million for the comparable 2011 period. The company reported a net loss of $.129 million for the period, versus net income of $.170 million for the comparable period in 2011.

Gross profit for the period was approximately $1.7 million compared to $1.6 million for the 2011 nine-month period. Profit margins as a percentage of revenue were 66 percent, a significant improvement when compared to profit margins of 46 percent for the 2011 nine-month period.

AmeraMex CEO Lee Hamre commented, "We fully anticipated announcing a number of meaningful contracts this quarter and are continuing to pursue these opportunities. We do, however, expect to finish the year with a strong fourth quarter. We are also continuing to expand our prospective sales pipeline within our existing customer base as economies in many South American countries continue to grow. We look forward to discussing these opportunities with you during our upcoming conference call."


                        AmeraMex International, Inc.
                     Condensed Statement of Operations
                                (Unaudited)

                           9 months ended              3 months ended
                       9/30/2012     9/30/2011     9/30/2012     9/30/2011

Sales                $  2,504,169  $  3,476,976  $    512,730  $  1,160,465
Cost Of Sales        $    848,235  $  1,863,879  $     26,103  $    527,263
Gross Profit         $  1,655,934  $  1,613,097  $    486,627  $    633,201
Expenses
  Operating          $  1,419,533  $  1,051,913  $    491,950  $    455,730
  SG&A               $    300,252  $    333,104  $    111,706  $    109,875
Total Expenses:      $  1,719,785  $  1,385,017  $    603,656  $    565,605

Net Income(Loss)
from Operations      $    (63,851) $    228,080  $   (117,029) $     67,596

Other Income,
 Expense,
 Depreciation        $    (64,722) $    (46,462) $    (32,363) $    (19,642)

Income Tax           $        829  $     11,600  $        829  $     10,000


Net Income(Loss)     $   (129,402) $    170,018  $   (150,221) $     37,954

Basic and Diluted
 Earnings (Loss) per
 Share               $     (0.000) $      0.000  $     (0.000) $      0.000

Weighted Average
 Shares Outstanding   388,677,215   383,517,215   388,677,215   383,517,215



                         AmeraMex International, Inc
                    Condensed Consolidated Balance Sheets
                            at September 30, 2012
                                 (Unaudited)

ASSETS
  Current Assets:
  Cash & Equivalent                         75,105
  Note Rec.                                457,257
  Acct. Receivable                         172,251
  Inventory                                463,661
  Total Current Asset                                 1,168,275

  Fixed Asset Net                                        97,726
  Other Asset                                           137,669
                                                        235,395
             Total Asset                                           1,403,670

LIABILITIES AND STOCKHOLDERS EQUITY
  Current Liability
  Acct. Payable                            708,547
  Taxes Payable                            123,193
  Other                                    304,700

  Total Current Liabilities                           1,136,439

  Total Long term Liabilities                         1,005,847

  Total Liabilities                                                2,142,287

STOCKHOLDERS EQUITY

  Capital Stock                            204,025
  Paid-In Capital                        1,981,603
  Retained Earnings (Loss)              -2,794,844
  Retained Earnings Current Year          -129,402

  Total Stockholders' Equity                           -738,618

TOTAL LIABILITIES & STOCKHOLDERS EQUITY                            1,403,670

Shares Issued and Outstanding                                    388,677,215


About AmeraMex International
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, www.AMMX.net or www.hamreequipment.com.

Safe Harbor Statement
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.

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McCloud Communications LLC
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