AMERAMEX INTL INC - AMMX STOCK NEWS

AmeraMex International (OTCQB:AMMX) announced equipment orders of $140,000, including a refurbished 33,000-pound Taylor Forklift and a loaded Taylor container handler, both expected to ship this month. Earlier, a $270,000 Konacrane empty reach stacker was shipped to a customer. Year-to-date sales for 2020 have reached $13,128,900. With over 30 years in the industry, AmeraMex provides heavy equipment across various sectors, including construction and logistics. The company encourages investors to review its filings for forward-looking statements reflecting potential risks and uncertainties.

AmeraMex International (OTCQB:AMMX) reported total sales of $12,988,900 for 2020 and announced a new equipment order worth $145,000. The order includes an ASV RT-120 Forestry Model alongside essential attachments, like a mastication head and dozer blade, and will be shipped to a private landowner in Northern California. With over 30 years in the heavy equipment sector, AmeraMex provides machinery for logistics, construction, and forestry, supporting both US and international clients.

AmeraMex International reported Q3 2020 revenue of approximately $5.9 million, a 78% increase from Q3 2019's $3.3 million. Gross profit fell to $0.809 million from $1.2 million a year earlier, a decline attributed to increased costs. For the nine-month period, revenue was $9.1 million, down from $11.2 million in 2019, with a net loss of approximately $(0.508) million compared to a gain of $0.255 million the previous year. The company’s balance sheet showed increased assets, but total liabilities rose by $3.3 million, driven by a $5.2 million line of credit.

AmeraMex International (OTCQB:AMMX) has announced equipment orders totaling $215,000. The orders include a Taylor Machine T-180 forklift to a sawmill in Northern California, a Hyster H-300H forklift for a container yard in Southern California, and an ASV-120 track loader for a forestry company in Northern California. With over 30 years in the industry, AmeraMex sells and leases heavy equipment across various sectors, including construction and logistics. The company encourages investors to review SEC filings for detailed insights and forward-looking statements regarding business activities.

AmeraMex International (OTCQB:AMMX) has announced its 2020 third quarter conference call scheduled for November 13 at 10:00 a.m. PT. The company is facing a challenge as its bid price has been below $0.01 for over 30 days, failing to meet the OTCQB Standards. To maintain its listing, AmeraMex must achieve a minimum closing bid price of $0.01 for at least ten consecutive trading days within a 90-day cure period, ending January 27, 2021. For more details, visit AMMX.net.

AmeraMex International (OTCQB:AMMX) announced recent orders totaling $78,000 and a six-month Rent-to-Purchase Agreement worth $99,000. The orders include utility trucks and a hay squeeze, with equipment shipping to various locations in California. The rental agreement is for a refurbished Taylor Container Handler at $16,500 per month, with a potential purchase price of $535,000 after six months. These transactions indicate a steady demand for heavy equipment in logistics and agriculture sectors.

AmeraMex International (OTCQB:AMMX) announced a successful sale of spare parts and scrap exceeding $569,000. CEO Lee Hamre reported a significant rebound in equipment sales in Q3, especially after COVID-19 impacted earlier quarters. The company expects continued strong performance as it enters Q4, indicating a busy period ahead. AmeraMex specializes in heavy equipment sales and leases across various sectors including construction and forestry conservation, with over 30 years of industry experience.

AmeraMex International (OTCQB:AMMX) announced on October 2, 2020, that it has received equipment orders worth $215,900. The orders include yard trucks and a Kalmar forklift, which are scheduled for shipment this quarter.

With over 30 years in the industry, AmeraMex focuses on providing heavy equipment for logistics, construction, and forestry sectors. The company offers sales, leasing, and rentals of new and refurbished equipment to both domestic and international clients.

AmeraMex International (OTCQB:AMMX) announced a 50:1 reverse stock split approved by shareholders on September 29, 2020, to enhance market appeal. The split aims to address concerns from fund managers regarding the company's share price below $1 and facilitate investment interest. CEO Lee Hamre emphasized the necessity of this move to improve the company's attractiveness to investors and to support an upcoming corporate market awareness campaign. The action will take effect post filing with the Nevada Secretary of State, contingent upon SEC approval.