AMMX AmeraMex International, Inc. featured news, full reports, and detailed charts
AmeraMex International, Inc. (AMMX/AMMX.PK) Wrap Up:
AmeraMex International, Inc. leases, rents, and sells heavy equipment to heavy construction, surface mining, infrastructure, logging, shipping, and transportation industries primarily in the United States. It offers a range of equipment, including front end loaders, scrapers, excavators, backhoes, rock trucks, container handlers, log loaders, forklifts, wheel loaders, trucks, and trailers. The company also has operations in Canada, Indonesia, Germany, Singapore, Vietnam, China, Russia, Central America, and Mexico. AmeraMex International is based in Las Vegas, Nevada.www.ammx.net
AmeraMex International, Inc. (AMMX:OTC)
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Market Cap
6.9M
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Total Revenue
19.4M
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EBITDA
148.9K
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DILUTED EPS TTM
0.00
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P/E
--
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P/S
0.4x
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Return On Asset
-3.61
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Return On Equity
-119.32
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| K = Thousands M = Millions B = Billions | ||
AMMX Top Compensated Officers
No compensation data is available at this time for the top officers at this company.
Executives, Board Directors
Key developments for AmeraMex International, Inc. (AMMX)
AmeraMex International Inc. Receives $500,000 Heavy Equipment Order from Algerian Company
10/12/2009
AmeraMex International Inc. announced that it has received a $500,000 order for refurbished heavy equipment from a company located in Algiers, Algeria. This equipment is expected to ship before the end of 2009. The company is currently working with this group to finalize a $2 million contract for heavy equipment and on the possibility of jointly opening an equipment yard in Algiers, Algeria, and a major city in Tunisia. These yards will facilitate the import and sales of both new and used heavy equipment within Africa.
AmeraMex International Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2009
08/27/2009
AAmeraMex International Inc. reported unaudited consolidated earnings results for the second quarter ended June 30, 2009. For the quarter, the company reported revenue of $4,727,231, with net income of $102,419, or $0.0004 per diluted share compared to revenue of $5,829,865, with net loss of $335,705 or $0.001 per diluted share for the same period a year ago. EBITDA (earnings before interest, tax, deprecation and amortization) for the quarter was $226,355, a significant improvement compared to LBITDA of $180,040 for the same period a year ago. Net income from operations was $60,377 compared with net loss from operations of $270,201 for the same period a year ago.
Ameramex International Announces Agreement with Railmark Inc. to Propose Program for the Rebuilding of Ghana's Rail System
05/28/2009
AmeraMex International Inc. announced the company has teamed with Michigan-based Railmark Inc. to propose a program for the rebuilding of Ghana's rail system. The initial phase of the program is valued at approximately $245 million. The complete project, including the repair or replacement of the 650-mile rail system, is estimated at $900 million. In addition to the rebuilding of Ghana's rail system, hand-picked personnel will be sent to the U.S. for a one-year training program that will include both classroom education and on-the-job training by Railmark personnel at one of their larger railroad companies.
AMMX Competitors
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Industry Analysis
| Valuation | AMMX | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.4x |
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| Price/Book | 401.5x |
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| Price/Cash Flow | 72.3x |
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| TEV/Sales | 0.3x |
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AMMX |
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AMMX transactions
| Type Date |
Target |
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Merger/Acquisition
October 20, 2009 |
Cromer Material Handling Solutions |
More Recent News About AmeraMex International, Inc.
More news for AMMX
AmeraMex International Provides Third Quarter Financial Update
CHICO, CA--(Marketwire - 11/11/09) - AmeraMex International, Inc. (Pinksheets:AMMX - News), a provider of heavy equipment to the stevedoring industry (shipping and logistics), infrastructure and commercial construction, today reported financial results for its third quarter and nine-month period ended September 30, 2009. "The downturn in the U.S. economy over the past nine months has had a negative impact on our U.S. customer base, which in turn has reduced our revenue to levels not seen since 2002," said AmeraMex CEO Lee Hamre. "We are beginning to build a substantial proposal pipeline from our port customers, as they must purchase new container handlers that meet mandatory EPA Tier III compliance. When our port customers acquire new equipment, we and our new partner, Cromer Equipment, have an opportunity to purchase and refurbish the non-compliant equipment for resale out of the country. We recently purchased used port equipment for refurbishment with a resale value of approximately $1 to $1.5 million."Hamre continued, "The progress being made in North Africa is beginning to generate revenue and a potential pipeline of business that can change the playing field for AmeraMex. I'll be in Africa for the next 14 days and expect to provide our shareholders with a positive update upon my return."For the third quarter ended September 30, 2009, the company reported revenue of $635,344 and a net loss of ($315,652), or a loss per share of ($.0.001). EBITDA for the quarter was ($244,567). EBITDA, earnings before interest, tax...Click here to read the whole Article (external link)
AmeraMex International in Negotiations With Marchetti Construction to Form Partnership
CHICO, CA--(Marketwire - 10/27/09) - AmeraMex International, Inc. (Pinksheets:AMMX - News), a provider of heavy equipment to infrastructure construction, stevedoring and commercial construction, today announced that it is in negotiations with San Francisco-based Marchetti Construction to partner on construction projects in Algeria and Tunisia. "Over the last several years we have been expanding our relationships with a number of companies in Africa. Most recently we have focused our attention on Algeria and have been working with the second largest construction company in the country," commented AmeraMex CEO Lee Hamre. "We have been asked to bring an American construction company with strong engineering and design capabilities to form a partnership that would result in the formation of a powerful new construction company to bid on projects in both Algeria and Tunisia. With over one hundred years of combined construction experience, we believe Marchetti Construction will be an outstanding partner."Hamre continued, "This new partnership, when finalized, will bid on both commercial and infrastructure projects, including new bridges, highways and sewage treatment facilities, office buildings, etc. Marchetti has significant relationships within the industry that will allow us to deal with any phase of heavy construction that comes our way. This agreement is expected to be finalized between the Marchetti Group, AmeraMex International, Inc. and our Algerian partner before the end of the year."Algeria is the second larges...Click here to read the whole Article (external link)
Integrity Media: Making a Move
LAS VEGAS, Oct. 20, 2009 (GLOBE NEWSWIRE) -- Most mergers and acquisitions are buoyed with optimism and hope that the transaction brings added prosperity sometime in the future. Few appear to have the near instant synergy that an announcement in the heavy equipment industry today seems to indicate. Today's announcement by AmeraMex International, Inc. (Pink Sheets:AMMX - News), a provider of heavy equipment to infrastructure construction, stevedoring and mining companies, that the company has signed a letter of intent to merge private Cromer Equipment, a company specializing in forklifts and materials handling equipment, into AmeraMex International with AmeraMex International, Inc. being the company name, perhaps defines a 1 + 1 = 3 scenario. By merging, the former AmeraMex will be able to continue its lucrative international expansion, leaving domestic operations to its experienced new acquisition. Moreover, the company's international revenue efforts will be enhanced through a greater product line that comes as a result of the merger. With the merger expected to be completed in early 2010, the public will have to wait for more details as to this synergy beyond the release's declaration that it will produce pro forma revenue of $38.5 million, EBITDA (earnings before interest, tax, depreciation and amortization) of $650,000 for calendar 2008, and a combined 60 employees. On paper, the merger certainly seems like a common sense blend of sympathetic companies, management, products and more. ...Click here to read the whole Article (external link)
AmeraMex International Signs Letter of Intent to Merge With Cromer Equipment Company
CHICO, CA--(Marketwire - 10/20/09) - AmeraMex International, Inc. (Pinksheets:AMMX - News), a provider of heavy equipment to infrastructure construction, stevedoring and mining companies, today announced that the company has signed a letter of intent to merge Cromer Equipment, a private company based in Oakland, CA, into AmeraMex International. AmeraMex International, Inc. will be the name of the new entity. The merger of the two companies will produce pro forma revenue of $38.5 million, EBITDA (earnings before interest, tax, depreciation and amortization) of $650,000 for calendar 2008, and a combined 60 employees. Corporate headquarters will remain in Chico, CA, with locations in Oakland, Santa Rosa and Sacramento, CA. AmeraMex CEO Lee Hamre and Cromer Equipment President Marshall Cromer are second generation owners and operators of heavy equipment companies that have been in business for over 20 years. While the negotiations for the merger are taking place, Cromer Equipment will locate two mechanics and a sales person at AmeraMex's Chico location."The addition of Marshall and Cromer Equipment to the AmeraMex family will bring depth to our management team and allow me to concentrate on the promising international market, while Marshall manages our domestic growth," commented AmeraMex CEO Lee Hamre. "The merger not only enlarges our geographical reach, but provides new product lines, equipment expertise and additional target markets."Our goal is to have the merger completed by the end of the first quarter of 2010," c...Click here to read the whole Article (external link)
SmallCapSentinel.com: The Seeds of Opportunity
LAS VEGAS, Oct. 12, 2009 (GLOBE NEWSWIRE) -- Throughout 2009, AmeraMex International Inc. (Pink Sheets:AMMX - News) has reported to the market its business development efforts in Africa, attempting to create a foothold in the emerging economies of the massive continent through personal meetings and a strong offer. Today's news from the provider of heavy equipment to infrastructure construction, stevedoring and mining companies announcing a $500,000 deal in Algeria proves the work is paying off. A focus on Africa makes sense given that a lagging economy in the U.S. may cause some reticence to lay out the capital expense for heavy equipment while conversely, areas of Africa are literally building a better society. By sowing the seeds of opportunity in these developing regions, AmeraMex appears to be positioning itself uniquely with its combination of essential new and used heavy equipment. In today's news, AmeraMex has added to its string of successes in Africa by reporting that it has received a $500,000 order for refurbished heavy equipment from a company located in Algiers, Algeria. Moreover, AmeraMex's CEO has stated that the company is currently working with the same Algerian group to finalize a $2 million contract for heavy equipment and the possibility of jointly opening an equipment yard in Algiers, Algeria and a major city in Tunisia. A report focusing on AmeraMex International Inc. (Pink Sheets:...Click here to read the whole Article (external link)
AmeraMex Receives $500,000 Heavy Equipment Order From Algerian Company
CHICO, CA--(Marketwire - 10/12/09) - AmeraMex International, Inc. (Pinksheets:AMMX - News), a provider of heavy equipment to infrastructure construction, stevedoring and mining companies, announced that it has received a $500,000 order for refurbished heavy equipment from a company located in Algiers, Algeria. This equipment is expected to ship before the end of 2009. "With the current economic climate in the U.S., we are pleased that our groundwork in Africa is beginning to pay off," commented AmeraMex CEO Lee Hamre. "We are currently working with this group to finalize a $2 million contract for heavy equipment and on the possibility of jointly opening an equipment yard in Algiers, Algeria, and a major city in Tunisia. These yards will facilitate the import and sales of both new and used heavy equipment within Africa. I'll be traveling to Africa mid October and, on return, expect to provide shareholders an update on several fronts."About AmeraMex InternationalAmeraMex International sells, leases, and rents heavy equipment to companies within four industries: construction (light and infrastructure), shipping, mining and logging. AmeraMex'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 North America, South America, Asia, and Eastern Europe, has over 30 years of experience in heavy equipment sales and service and inventories top-of-the-line equipm...Click here to read the whole Article (external link)
Integrity Media: Inroads to Africa
LAS VEGAS, Sept. 1, 2009 (GLOBE NEWSWIRE) -- Doing business in Africa has long been considered a business frontier of prosperous proportions with the blend of urgent need and large populations creating a nexus of opportunity. Historically speaking, it has and remains difficult to consummate agreements half a world away with countries surviving famine, political instability, and the effects of a global recession. But for the perseverant enterprise which blends skill with trust, opportunities and agreements await with fast growing African nations. A report focusing on AmeraMex International Inc. (Pink Sheets:AMMX - News), a provider of heavy equipment to infrastructure construction, stevedoring and mining companies, and of interest to investors of international heavy equipment companies CNH Global N.V. (NYSE:CNH - News), H&E Equipment Services, Inc. (Nasdaq:HEES - News), Caterpillar (NYSE:...Click here to read the whole Article (external link)
AmeraMex to Receive Signed MOU for Ghana Farming Project
CHICO, CA--(Marketwire - 08/31/09) - AmeraMex International, Inc. (Pinksheets:AMMX - News), a provider of heavy equipment to infrastructure construction, stevedoring and mining companies, announced that a signed MOU from Ghana's vice president, John Dramani Mohama, is expected late next week. The MOU will stipulate the terms and conditions of a program to improve the farming methodology currently used throughout Ghana and other African countries. The MOU will form the basis for contract development between Walker Farms and the country of Ghana. This opportunity would substantially increase AmeraMex revenue over the next five years, as it includes a substantial yearly commission and will generate revenue on 600 plus farm tractors, road graders, bulldozers, front-end loaders and heavy duty trucks for transportation of products.The first step of the farming project is to build storage facilities for harvested grains. Proper storage will allow corn and other grains to be stored up to three years. This provides farmers the ability to store their grain and sell at higher prices or have a reserve for years when crops are not plentiful. According to AmeraMex CEO Lee Hamre, building the storage facilities can begin 90 days after the agreement is finalized and will be followed by clearing the land and planting the first crop within 120 days."The program is for the development of approximately one million acres of farm land over the next five to 10 years," said Hamre. "The initial phase calls for the development of 100,000 acre...Click here to read the whole Article (external link)
AmeraMex International Reports Second Quarter Revenue of $4.7 Million With Positive Bottom Line
CHICO, CA--(Marketwire - 08/27/09) - AmeraMex International, Inc. (Pinksheets:AMMX - News), a provider of heavy equipment to infrastructure, shipping, construction, and mining companies, today reported financial results for its second quarter ended June 30, 2009. The company reported revenue of $4,727,231 for the quarter, with net income of $102,419, or net income per share of $0.0004. EBITDA (earnings before interest, tax, deprecation and amortization) for the quarter was $226,355, a significant improvement compared to the second quarter of 2008, when the company reported a loss of ($335,705), or a loss per share of ($0.001), and EBITDA of $(180,040). EBITDA is an excellent measurement of a fast-growing company's operational performance."While revenue for the quarter was down approximately $1 million, compared to the second quarter of 2008, we have turned around the bottom line and increased our operational efficiencies," commented AmeraMex CEO Lee Hamre. "With the economic difficulties facing our target markets in the U.S. it is difficult to project what the next two quarters will bring, but I believe the investment of time we have made in Nigeria and Ghana, along with several other developing countries, will begin to pay off before year end."Hamre continued, "This week we developed a memorandum of understanding (MOU) outlining the terms of a program to improve the farming methodology currently used throughout Ghana and other African countries. We believe our proven plan, which uses the latest farming technologies ...Click here to read the whole Article (external link)
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