ameramex international (AMMX) Key Developments
AmeraMex International, Inc. Enters into Five-Year Rental Agreement
Jul 2 15
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
Jun 12 15
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.
AmeraMex International, Inc. Receives $150,000 Order from Customer in the U.S
Jun 9 15
AmeraMex International, Inc. has received a $150,000 order from a customer in the U.S. The order is for refurbished heavy equipment and is expected to ship before the end of June 2015. The customer believes it will need additional equipment over the next three months as their demand for rental equipment is expected to grow over the summer and fall months.
Ameramex International Inc Receives $250,000 Order from an Arm of the Federal Government for Heavy Equipment
Jun 5 15
AmeraMex International Inc. received a $250,000 order from an arm of the Federal Government for heavy equipment. The order will be delivered in November 2015.
AmeraMex International, Inc. Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015
May 19 15
AmeraMex International, Inc. reported unaudited consolidated financial results for the first quarter ended March 31, 2015. The company reported revenue of approximately $0.936 million compared to revenue of $2.8 million for the first quarter of 2014. The company reported a net profit for the quarter of $0.020 million compared to net profit of $0.205 million for the first quarter ended March 31, 2014. Net income from operations was $55,504 compared to $206,998 a year ago.