Sat, Dec 28th, 2013- AMMX (AmeraMex International Inc) .0063
This is a stock which was alerted at .0015 x.0016 cents last week. The stock gave VIP and BRONZE members opportunity to accumulate as low as .0015 cents. The stock hit an intraday high of .0076 cents during yesterday’s trading session posting just over 400% in potential gains. The stock closed the trading session at a bullish .0063 cents. We have yet to release the pick to FREE members and the public and believe this is the type of stock that could very well follow the route of FLPC which we ran from (.0028-.08) which we alerted earlier this year bringing incredible profit opportunity for our members. AMMX appears to be showing strong support in the .0050-.0055 cents range which we believe could be a great entry for those looking to add additional shares or for those looking for re-entry. We will continue to profile AMMX for the next several months and possibly longer and believe the stock has strong potential to see a move of up to .03 to .05 cents range or better long term.
|Market Value1||$957,354||a/o Dec 20, 2013|
|Shares Outstanding||478,677,215||a/o Jun 30, 2013|
|Float||76,000,000||a/o Mar 31, 2011|
|Authorized Shares||1,000,000,000||a/o Mar 31, 2011|
CHICO, CA–(Marketwired – Nov 18, 2013) – 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, 2013.
- Three-month revenue up 266 percent
- Three-month gross margin increased 55 percent
- Shareholder conference call to be held mid-January
Third Quarter, Ended September 30, 2013
The company reported revenue of approximately $1.4 million, a 266 percent increase when compared to revenue of $.513 million for the third quarter of 2012. Gross profit for the quarter was approximately $.756 million compared to gross profit of $.487 million for the third quarter of 2012.
Gross profit margin, as a percentage of revenue, was 55 percent, a significant increase when compared to gross profit margins of 9 percent for the comparable quarter in 2012. Improved margins are due in part to product mix (new vs. refurbished) and contract services.
The company reported net income for the quarter of $.113 million compared to a net loss for the 2012 quarter of $.156 million. The increase is due in part to increased profit margins and maintaining a close watch over operating expenses.
Nine-Month Period Ended September 30, 2013
Revenue for the nine-month period was approximately $3.1 million compared to revenue of $2.3 million for the comparable 2012 period.
Gross profit for the period was approximately $1.8 million compared to $1.5 million for the 2012 nine-month period. Profit margins as a percentage of revenue were 57 percent, compared to profit margins of 64 percent for the 2012 nine-month period.
The company reported net income of $.431 million for the period, versus a net loss of $.300 million for the comparable period in 2012.
AmeraMex CEO Lee Hamre commented, “Approximately two months ago we purchased 18 large container handlers. To date, we have transferred all of the handlers to our refurbishing facility in Chico and the first two machines have been refurbished and shipped to a customer. With 16 handlers remaining, our shop will be diligently working throughout the winter months as we build our inventory of refurbished container handlers for transporting both loaded and unloaded containers. We expect to keep our sales people busy finding buyers for the equipment.”
Hamre continued, “As seen in our third quarter gross profit margins, refurbished equipment carries much better margins than new equipment and with an increasing inventory of refurbished equipment, we expect to finish the year with a strong fourth quarter and continue the trend into 2014. Recent contact with our potential North African customer indicates that we are closing in on our first large contract in Africa. The management team is excited about the growth and future of the company and we all look forward to discussing 2014 plans in a January 2014 conference call.”
CHICO, CA–(Marketwired – Sep 16, 2013) – AmeraMex International, Inc. (PINKSHEETS: AMMX), a provider of heavy equipment for logistics companies (stevedoring), infrastructure construction, commercial farming and mining companies, announced that it has acquired 18 large capacity container handlers for complete refurbishment and resale. Once refurbished, the equipment is expected to generate gross sales of $3 to $3.5 million during the fourth quarter of 2013 and the first quarter of 2014.
The massive size of the equipment requires each container handler be dismantled and, using three to four trailer trucks, transported to the company’s refurbishment center in Chico, CA. This process will take approximately one month to complete while the refurbishing will take place over several months.?The company already has interest from its customer base for the equipment.
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, with customers in the Americas, Africa, Asia and Eastern Europe, has over 30 years of experience in heavy equipment sales and service and inventories top-of-the-line equipment from manufacturers such as Taylor Machine Works Inc. and Terex Heavy Equipment. For more information visit the AmeraMex website, www.AMMX.net.
– Huge revenue this last year with several contracts
Tues, Dec 24th, 2013 AMMX (AmeraMex International, Inc) .0023- This stock saw some consolidation closing slightly lower at .0023 cents during today’s trading session. The stock surged to an intraday high of .0029 cents posting close to 100% in potential gains for our VIP team during Monday’s trading session. The stock gave our VIP team opportunity to accumulate as low as .0015 cents last week. Based on our research we believe this stock could potentially be the next 1,000%+ runner in 2014 which could possibly see the stock hit up to .03 to .05 cents range. Please stay tuned for our Due Diligence report which is expected to be released later this week.