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Last $0.0099 USD
Change Today -0.001 / -9.17%
Volume 1.4M
AMMX On Other Exchanges
As of 8:10 PM 10/8/15 All times are local (Market data is delayed by at least 15 minutes).

ameramex international (AMMX) Key Developments

AmeraMex International, Inc. Receives $150,000 Order

AmeraMex International, Inc. announced that it has received a $150,000 order for container handling equipment from a customer located in Honduras. Hamre also noted that last spring AmeraMex announced a $1.8 million contract for new Taylor forklifts and that all eight of the forklifts will be delivered to the customer this month.

AmeraMex International, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

AmeraMex International, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. The company reported revenue of $1,278,008 compared to revenue of $1,042,041 for the second quarter of 2014. Net income for the quarter was $252,799 compared to net income of $85,954 for the second quarter of 2014. Net income from operations was $252,799 against $85,954 a year ago. Revenue for the six-month period was $2,213,206 compared to revenue of $3,878,155 reported for the comparable six-month period of 2014. The company reported net income of $221,456, compared to net income of $281,009 for the six-month period in 2014. Net income from operations was $308,304 against $292,954 a year ago.

AmeraMex International, Inc., Q2 2015 Earnings Call, Aug 19, 2015

AmeraMex International, Inc., Q2 2015 Earnings Call, Aug 19, 2015

AmeraMex International, Inc. Enters into Five-Year Rental Agreement

AmeraMex International, Inc. announced in June that it had entered into a five-year rental agreement with a military base and under the terms of the agreement, AmeraMex would receive $4,050/month for sixty months. AmeraMex has acquired the equipment and it is in the process of being shipped to the military base in California. It has been determined that at the end of the five-year agreement, the equipment will have a retail value of approximately $90,000. The company can refurbish and sell the equipment or return it to the rental pool.

AmeraMex International, Inc. Receives Rental Agreements

AmeraMex International, Inc. entered into a rent-to-purchase agreement with a container yard in Northern Calif. Under the terms of the agreement, the customer will rent the loaded container handler for approximately $12,500 per month with the option to purchase for roughly $220,000. The customer uses the equipment to load containers on and off of trucks and rail cars - significantly increasing turnaround time and money saving. A second rental agreement was signed with a California Army Base. Under the terms of the five-year rental agreement for diesel forklifts, AmeraMex will report revenues of $50,000 per year for the term of the rental agreement.


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