/EINPresswire.com/ -- CHICO, CA -- (Marketwired) -- 03/23/16 -- AmeraMex International, Inc. (OTC PINK: AMMX), a provider of heavy equipment to infrastructure, shipping, logging and construction companies, today reported financial results for its financial year ended December 31, 2015.

Highlights for the Year Ended December 31, 2015

Revenue for 2015 Increased 13 Percent; Gross Profit Up Slightly at 49 Percent
The company reported revenue of approximately $8.3 million with gross profit of $4 million compared to revenue of approximately $7.3 million with gross profit of $3.6 million for the year ended December 31, 2014.

Net Income Increased 40 Percent
The company reported net income for the year of approximately $1.1 million compared to net income of $.801 million for the year ended December 31, 2014.

Stronger Balance Sheet
Current assets improved significantly with an increase in cash and cash equivalents of approximately $.500 million and an approximate $.700 million increase in inventory.

Yield Sign Removed
The 'yield' sign from the company stock symbol, AMMX, was removed. Additionally, a review of years financial statements and back-up information for 2014 and 2015 begins early May. The company expects to announce the retention of an auditing firm shortly. Monies have been set aside for the SEC audit necessary to become a fully reporting company.

Insurance for Employees
To reduce overhead during the 2008 economic downturn and ensuing years, the company was forced to stop providing health insurance for its employees. Management was happy to reinitiate health insurance coverage at the beginning of 2016.

AmeraMex CEO Lee Hamre commented, "Sustained growth in our core business -- sales, rental and service, has increased capital and cash flow which in turn allowed acquisition of much needed inventory for refurbishing and resale within the U.S. and internationally. We are also planning an expansion of our product offering as we expect to sign a new dealership agreement for military equipment in the late May timeframe. This will allow us to pursue new opportunities throughout many parts of the world."

Hamre continued, "We will be providing an update on our upcoming SEC audit and various projects during our Friday, March 25th conference call scheduled at 10:00 a.m. PT."

                        AmeraMex International, Inc.
                    Condensed Consolidated Balance Sheet
                              December 31, 2015
                                 (unaudited)

ASSETS
      Current Assets:
      Cash & Equivalent                                $ 676,069
      Accounts Receivable                                239,306
      Cash Surrender Value of
      Life Insurance                                     153,090
      Inventory                                        1,625,098
                                                    ------------
                             Total Current Assets     $2,750,587


Fixed Asset Net                                        1,016,471
                                                    Total Assets  $3,767,058
                                                                ============



LIABILITIES AND STOCKHOLDERS EQUITY

      Current Liability
      Acct. Payable                                  $ 1,052,773
      Taxes Payable                                        3,167
      Other                                              327,604
                                                    ------------
                             Total Current
                             Liabilities             $ 1,383,544

                             Total Long term
                             Liabilities             $ 1,780,235

                                                    Total
                                                    Liability     $3,767,058


STOCKHOLDERS EQUITY

      Capital Stock                                    $ 586,565
      Paid-In Capital                                  1,561,184
      Retained Earnings (Loss)                       (2,669,277)
      Retained Earnings Current Year                   1,124,808
                             Total Stock Equity          603,280

TOTAL LIABILITY & STOCKHOLDER EQUITY                              $3,767,058
                                                                ============

Total Number of Shares Issued
and Outstanding: 664.9
million


                        AmeraMex International, Inc.
                       Consolidated Income Statement
                                (Unaudited)

                                    For the Period  For the Period
                                        Ended           Ended
                                     December 31,    December 31,
                                         2015            2014

         Revenue                       $ 8,194,993     $ 7,255,178

         Cost of Goods Sold              4,151,659       3,684,990

         Gross Profit                    4,043,334       3,570,188

         Selling, General and
          Administrative Expenses        3,004,118       2,901,472

         Other Income/Expense             (85,592)         132,742

         Net Income (Loss)             $ 1,124,808       $ 801,458

         Basic Earnings (Loss) Per
          Share                              0.000           0.000
         Weighted Average Shares
          Outstanding (millions)             664.9           664.9

         Diluted Earnings (Loss)
          Per Share                          0.002           0.001

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 or www.hamreequipment.com.

Except for the historical information contained herein, statements discussing sales or revenue projections are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from any forward-looking statements made herein

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Marty Tullio
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