News out last Friday regarding the completion of an acquisition that will bring in 12m dollars annually to the company. The pps ran to over .20 in FEB-March and it is now sitting on some lows... I think that there is good potential down here now..... Any thoughts? GL obi AmeraMex Completes Requirements for Acquisition of HAMRE EQUIPMENT Market Wire - July 14, 2006 1:58 PM ET
Related Quotes Symbol Last Chg AMMX Trade 0.027 -0.001 Real time quote.
(PINKSHEETS: AMMX) Lee Hamre, President, announced that AmeraMex has completed the paperwork required in its acquisition. There were several points of contention discovered by HAMRE when the merger was first planned. These points of contention were all items that needed to be cleared up by AMMX prior to HAMRE accepting the terms of the merger. As of this date HAMRE EQUIPMENT of Chico, California is satisfied with the responses and conclusions supplied by AMMX. Lee Hamre, president and CEO of both HAMRE EQUIPMENT and AMMX, anticipates a special stockholders meeting very soon to ratify the merger transaction. AmeraMex's acquisition of Hamre will add over $12,000,000 in annual revenues and will bolster the balance sheet substantially. Lee Hamre, newly elected President and CEO of AMMX, believes the shareholders' position will be enhanced substantially and the steady and regular cash flow will provide balance to the company's activities. Mr. Hamre stated, "I'm very pleased that we have passed this milestone. This acquisition will allow the company to move forward in accomplishing its major goals."