CORRECTING AND REPLACING: AmeraMex International Reports Third Quarter and Nine-Month Financials for the Period Ended September 30, 2023
–News Direct–
AmeraMex International, Inc. (OTC:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction, and forestry conservation, reported financial results for its third quarter ended September 30, 2023.
AmeraMex CEO Lee Hamre commented, 2022 was a great year for revenue and net income. Although we initiated cost-savings measures during 2022, they were not enough to offset the tremendous cost explosion and rising inflation that is plaguing us this year. Rising material costs, interest rates and inflation have created uncertainty within our target markets which equates to a downturn in sales during the last nine months.
In the last quarter of 2022 and in June and August of this year we have signed over $10 million in rental agreements. Unfortunat...