posted
OS: 99,481,930 52wk hi: .35 52wk lo: .02 Current bxa: .0465 x .047
Based on today's PR we can expect to see some solid finacials filed along with announcements of insider buying.
There seems to be some nice upside potential here over the next couple months.
AmeraMex International Inc. Completes Merger Sep 19, 2006 12:21:00 PM CHICO, CA -- (MARKET WIRE) -- 09/19/06 -- Lee Hamre, President of AmeraMex International Inc. (PINKSHEETS: AMMX), announced today that after nearly a year, AmeraMex is pleased to announce that the acquisition of Hamre Equipment is now completed. Lee Hamre has stated that "AmeraMex International can now reflect this merger in a consolidated financial to better inform its shareholders of the true value of AmeraMex shares." Under this format, Hamre equipment sales for 2005 of 12 million, and close to l million in net earnings before taxes, can be included in the consolidated financial statements. Hamre stated that we are on target for our "2006" projections of exceeding last years numbers. This merger completion now allows the Company to go forth in its expansion plans. Several officers of the company have indicated plans to acquire additional shares from the market and will announce their intentions in the near future.
Contact: Investor Relations: IR*ammx.net AmeraMex International Inc. 1-800-540-AMMX (2669)
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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AmeraMex International and Hamre Equipment Will Exchange Stock at Agreed Price
CHICO, CA -- (MARKET WIRE) -- 08/02/06 --
Lee Hamre, President of Hamre Equipment, announced today that after several months of preparation AmeraMex (AMMX - news) expects to complete and consolidate its balance sheets and income statements by the third quarter. Lee Hamre stated that, "The acquisition has taken longer than planned but the results are better than expected." Currently, Hamre Equipment is running about 10% ahead of last year's record sales of $12,000,000 and its $800,000 in gross profits. "We still expect world demand for the heavy equipment to exceed our projections," said Hamre. Hamre's emphasis is that there is no planned adjustment in the stock exchange for Hamre Equipment. The exchange value of AmeraMex International stock will remain at $0.10 per share for the Hamre Equipment Assets. This will represent a value larger than the current market price. All Parties agreed that the stock has not had time to reflect its value in the market and did not warrant a discount or adjustment because of the excessive time it has taken to complete this acquisition. For more than 30 years, Hamre Equipment Inc. has been helping to supply the equipment used in building the world's infrastructure and has developed a customers base worldwide. More information will be available at http://www.ammx.net.Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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