CHICO, CA--(Marketwired - Nov 15, 2016) - AmeraMex International, Inc. (OTC PINK: AMMX), a provider of heavy equipment to infrastructure, shipping, construction and farming companies, today reported financial results for its third quarter and nine-month period, ended September 30, 2016.

Third Quarter Ended September 30, 2016

• Revenue down 24 percent
• Gross profit down 13 percent
• Net loss for the quarter

The company reported revenue of approximately $1.3 million compared to revenue of approximately $1.7 million for the third quarter of 2015. Gross profit for the quarter was approximately $.548 million compared to gross profit of $.632 million for the third quarter of 2015.

The company reported net loss for the quarter of ($.152) million compared to net income of $.102 million for the 2015 quarter.

The loss was due in part to an increase of approximately $200,000 in operating expenses pertaining to the initial SEC audit, employee health insurance and increased deprecation.

Nine-Month Period Ended September 30, 2016

• Revenue increases 82 percent
• Gross profit increases 110 percent
• Net income increases 60 percent

Revenue for the nine-month period was approximately $7.1 million compared to revenue of $3.9 million for the comparable 2015 period. Gross profit for the period was approximately $4.2 million compared to gross profit of $2.0 million for the nine-month period of 2015.

The company reported net income of approximately $1.2 million for the period compared to net income of approximately $.343 million for the comparable period in 2015.

Conference Call

The shareholder conference call, chaired by AmeraMex CEO Lee Hamre, is scheduled for Tuesday, November 15, 2016 at 11:00 a.m. Pacific Time, 2:00 p.m. Eastern Time. 

The conference call dial-in number for both U.S. and international callers is 1.719.325.2228 and the conference call ID is 5769599. An audio replay of the conference call will be available from November 15, 2016 at 5:00 p.m. Eastern until November 29, 2016 at 11:59 a.m. Eastern. The replay can be accessed by dialing 1.844.512.2921 and entering conference pin number 5769599.

AmeraMex International, Inc.
Condensed Statement of Operations
(Unaudited)
			Nine Months Ended								Three Months Ended
			9/30/2016				9/30/2015				9/30/2016				9/30/2015
Sales			$	7,129,105			$	3,928,668			$	1,310,292			$	1,713,858
Cost Of Sales				2,952,329				1,951,066				762,485				1,081,376
Gross Profit				4,176,776				1,977,602				547,807				632,482
Expenses
	Selling expense			57,690				-				19,271				-
	G&A			2,268,643				1,479,422				665,189				482,650
Total Operating Expenses				2,204,651				1,479,423				684,460				482,650
Net Income(Loss)
from Operations				1,850,443				498,180				(136,653	)			149,832
Other Income (Expense)
	Interest expense			(96,703	)			-				(27,073	)			-
	Other expense			(482,185	)			(154,880	)			14,243				(39,248	)
	Total other income (expense)			(578,888	)			(154,880	)			(12,830	)			(39,248	)
Income Tax Provision				(25,885	)			(10,381	)			(2,765	)			(8,935	)
Net Income (Loss)			$	1,245,670			$	332,919			$	(152,248	)		$	101,649
Basic and Diluted Earnings (Loss) per Share				0				0				0				0
Weighted Average Shares Outstanding				732,432,394				664,890,879				754,015,879				664,890,879

AmeraMex International, Inc.
Condensed Consolidated Balance Sheet
09/30/2016
ASSETS
	Current Assets:
	Cash & equivalent		825,515
	Account receivable		237,294
	Inventory		3,243,861
	Other current assets		114,218
		Total Current Asset	4,420,888
Fixed Asset Net			3,365,067
Other Asset			153,090
TOTAL ASSETS						$	7,939,045
LIABILITIES AND STOCKHOLDERS' EQUITY
	Current Liabilities:
	Accounts payable		2,803,953
	Accrued expenses		76,215
	Taxes payable		-
	Line of credit		472,686
	Notes payable, current portion		551,524
	Notes payable, related party		425,722
		Total Current Liabilities	4,330,100
		Total Long-term Liabilities	588,252
		Total Liabilities	4,918,352
STOCKHOLDERS EQUITY
	Shares issued and outstanding		754,016
	Paid-in capital		20,774,825
	Treasury stock		(10,438	)
	Accumulated deficit		(18,497,710	)
		Total Stock Equity	3,020,693
TOTAL LIABILITY & STOCKHOLDER EQUITY						$	7,939,045

Total Shares Issued and Outstanding: 754,015,879 as of September 30, 2016

AMERAMEX INTERNATIONAL, INC. STATEMENT OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2016 (UNAUDITED)
					2016
OPERATING ACTIVITIES:
	Net income				$	1,245,670
	Adjustments to reconcile net income to net cash provided by operating activities:
			Depreciation			331,580
			Stock-based compensation			97,663
			Loss on settlement of debt for common stock			497,500
		Change in current assets and liabilities:
			Accounts receivable			(4,337	)
			Inventory			(1,664,332	)
			Other assets			(52,164	)
			Accounts payable			1,761,229
			Accrued expenses			51,340
			Income tax payable			(118,338	)
	Net cash provided by operating activities					2,145,811
INVESTING ACTIVITIES:
		Payment for furniture and equipment				(1,996,951	)
	Net cash used in investing activities					(1,996,951	)
FINANCING ACTIVITIES:
		Proceeds from note payable, net				145,725
		Repayment of note payable - related party				(210,666	)
		Net proceeds (borrowing) under line of credit				71,666
		Purchase of treasury stock				(6,438	)
	Net cash used in financing activities					287
NET DECREASE IN CASH						149,147
CASH, BEGINNING BALANCE						676,368
CASH, ENDING BALANCE					$	825,515
CASH PAID FOR:
	Interest				$	96,703
	Income taxes				$	-

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 International's largest product line is specialized container handling equipment that enables stevedoring companies to quickly and efficiently load and offload container and general freight ships dockside. AmeraMex, with customers in the Americas, Africa, Asia and Eastern Europe, has over 30 years of experience in heavy equipment sales and service and maintains an inventory of top-of-the-line equipment and parts 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.