AmeraMex announces that it has submitted its Registration Statement and Form 10 to the SEC

CHICO, Calif. - AmeraMex International, Inc., a provider of heavy equipment for logistics companies (stevedoring/shipping), infrastructure construction, forestry conservation and tactical military vehicles, today reported financial results for its first quarter ended March 31, 2019.  Additionally, the Company reported that it has filed its Registration Statement and Form 10 to the SEC.

AmeraMex CEO Lee Hamre commented, “On behalf of myself, our CFO Hope Stone and the entire management team, we are pleased to announce that the Registration Statement and Form 10 have been submitted to the SEC for review. The review process can last several months, but the Company and its service providers are committed to responding expeditiously. After the SEC comment process is completed, they will declare the Registration Statement “effective” and AmeraMex will be a “fully reporting company.”

Highlights for the First Quarter of 2019*

  • Revenue was approximately $2.6 million, a 44 percent increase when compared to revenue of $1.8 million for the 2018 period.
  • Gross profit was approximately $967,385 compared to gross profit of $414,975 for the period ended March 31, 2018. This is an increase of 133 percent.
  • Net income of $692,774 was a significant increase when compared to net income of $43,088 for the first quarter ended March 31, 2018. 
  • The audits for 2018 and 2017 are complete.
  • The Company secured a $6.6 million line-of-credit.

*The comparable 2018 financial statements may differ from the original published numbers due to adjustment made during the 2017/2018 audit.