AmeraMex International, Inc.
CONDENSED STATEMENT OF OPERATIONS
(UNAUDITED)
For the For the
Three-Month Nine-Month
Period Ended Period Ended
September 30, September 30,
2010 2010
Revenue $ 826,489 $ 2,588,178
Cost of Revenue 521,784 1,614,266
Gross Profit 304,705 973,912
Expenses:
Sales, General and Administrative 342,692 443,015
Other 23,408 136,454
Total Expenses 366,100 1,071,971
Net Income (Loss) from Operations (61,395) (98,059)
Other Expenses and Income
Interest Expense 1,909 42,293
Depreciation 51,020 196,680
Income Tax Provision - 2,021
Other (3,669) (44,103)
Total Other Income & Expense 49,260 196,891
Net Income (Loss) $ (110,655) $ (294,949)
Basic Earnings (Loss) Per Share $ 0.0003 $ 0.0007
Weighted Average Shares Outstanding 379,251,000 379,251,000
Diluted Earnings (Loss) Per Share $ 0 .0003 $ 0 .0007
AmeraMex International, Inc.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
For the
Nine-Month
Period Ended
June 30,
2010
ASSETS
CURRENT ASSETS:
Cash and Cash Equivalents $ 83,985
Accounts Receivable 377,716
Note Receivable 440,197
Inventories 549,336
Other Current Assets 8,606
Total Current Assets 1,459,841
Fixed Assets 557,653
TOTAL ASSETS $ 2,017,493
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts Payable $ 919,755
Taxes Payable 339,417
Other Current Payables 195,130
Total Current Liabilities 1,454,301
Total Long Term Liabilities 1,204,360
Total Liabilities 2,658,661
STOCKHOLDERS' EQUITY
Capital Stock 204,025
Paid-In Capital 1,974,104
Prior Period Adjustment 70,426
Retained Earnings (Loss) (2,594,774)
Retained Earnings Current Year (294,949)
Total Stockholders' Equity (641,168)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,017,493
About AmeraMex International
AmeraMex International carries a large inventory of heavy equipment, which
it sells, leases, and rents to a variety of industries, including the
stevedoring, heavy construction, light construction, logging and mining
industries. AmeraMex's largest product line is specialized container
handling equipment for stevedoring companies that load and offload ships --
from container ships to cruise lines and fishing fleets. AmeraMex has over
30 years of experience in heavy equipment sales and service and carries
top-of-the-line equipment from manufacturers such as Taylor Machine Works
Inc., Terex Heavy Equipment, and Barko Hydraulics.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"),
and as such, may involve risks and uncertainties. Forward-looking
statements, which are based on certain assumptions and describe future
plans, strategies, and expectations, are generally identifiable by the use
of words such as "believe," "expect," "intend," "anticipate," "estimate,"
"project," or similar expressions. These forward-looking statements relate
to, among other things, expectations of the business environment in which
the Company operates, projections of future performance, potential future
performance, perceived opportunities in the market, and statements
regarding the Company's mission and vision. The Company's actual results,
performance, and achievements may differ materially from the results,
performance, and achievements expressed or implied in such forward-looking
statements.
Contact Information: Media and Financial Contact: Marty Tullio McCloud Communications LLC 949.553.9748