Free Trial!
Today’s Best Stocks To Trade! Click Here
AmeraMex International, Inc. (OTC: AMMX), a provider of heavy equipment to stevedoring, construction, logging and mining companies, today reported financial results for its third quarter and nine months ended September 30, 2007. For the quarter, the company reported revenue of $5,345,597, a substantial increase over the preceding quarter. Net loss for the quarter was $313,707, or a net loss of $0.001 per share.
"Approximately 90 percent of the loss for the quarter was due to a large amount of warranty claims by a major supplier," commented AmeraMex CFO Warren Murphy. "Compensation for the warranty work will be received in the fourth quarter of 2007. I should add," said Murphy, "that the manufacturers that we represent provide equipment of the highest quality and this was the first time we have seen this amount of warranty work in over 20 years."
For the nine months ended September 30, 2007, the company reported revenue of $12,346,832, a 76.5 percent increase, when compared to revenue of $6,992,236 for the six-month period ended June 30, 2007. Net loss for the nine-month period was $340,657, or a net loss for the quarter of $0.001 per share.
"As we look forward into 2008," continued AmeraMex CEO Lee Hamre, "our prospective pipeline stands at approximately $24 million and is growing. We have a sound business strategy in place that should allow AmeraMex to considerably increase its top line growth during 2008, and a corporate goal to apply for a listing of our common stock on a major exchange. This is a goal we take seriously as we believe our stock is greatly undervalued and the move to the American Exchange or the Nasdaq Trading System should provide additional exposure and ease of trading AmeraMex stock, all of which is expected to increase shareholder value."
Other stocks highlighted include:
Cyberlux Corporation, (OTCBB: CYBL), up 7% on 1 million shares, a leading provider of LED lighting solutions, announced today that the Company has received and fulfilled a system order from The Boeing Company associated with the SBInet deployment. This purchase was made under the SBInet Basic Ordering Agreement that Cyberlux and Boeing entered into earlier this year.
General Electric Company (NYSE: GE), up .39% on 54 million shares, said today that its business unit GE Energy, a supplier of power generation and energy delivery technologies, announced on Sunday (2 December) that the company plans to invest approximately USD50m in steam turbine and generator manufacturing and engineering capabilities.
Gemini Explorations (OTCBB: GXPI), down 3% on 1 million shares, announced on Friday that an analyst report update includes a joint venture update on a deposit that may be in the $2 billion range. Gemini Explorations is a junior resource company exploring and developing gold properties in southern Columbia.
Dell (NASDAQ:DELL), down 12% on 112 million shares, said Friday executives will address shareholders at its 2007 annual meeting of stockholders at the company's Round Rock, Texas headquarters, beginning at 8 a.m. (CST) Tuesday, Dec. 4. The meeting will feature a presentation by Chairman and CEO Michael Dell and Vice Chairman and CFO Don Carty, followed by a question-and-answer session.
nCoat, Inc. (OTCBB: NCOA), down 2% on 1 million shares, announced on Thursday it has entered into a Letter of Intent ("LOI") with the European engineering firm of Target Electronic Service GmbH ("Target"). The LOI formalizes a business relationship between Target (www.target-electronic.de) and nCoat, specifically for the purpose of collaborating together for expansion of each of their business interests in the United States as well as in Europe respectively.
TheSUBWAY.com's Daily Stock Updates:
TheSUBWAY.com highlights stocks that are in the news, have traded high volume, or experienced a large change in price in recent sessions. The aforementioned commentary is not meant to be indicative of a "long term" view of any of the companies listed.
About TheSUBWAY.com:
TheSUBWAY.com, a leader in corporate communications and finance, provides all investors with a wide-ranging set of financial tools, including original stock market commentary, stock quotes, interactive charts, portfolio watch, live chat and message boards, etc., plus the latest news, press releases, investment opinions, and research reports for all companies highlighted on the site. For more daily commentary, go to http://www.thesubway.com TheSubway.com is consistently ranked in the top 4 on the StockPromoters.com "Best performing promoters of all time" list. This is out of over 1,000 promoters and promotional campaigns tracked by StockPromoters.com. Visit http://www.StockPromoters.com for more details.
All material herein was prepared by CRG Partners, Inc. (CRGP) based upon information believed to be reliable. The information contained herein is not guaranteed by CRGP to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRGP is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.thesubway.com or mentioned herein. CRG and CRGP have been compensated by third party shareholders with shares or with cash from the company on behalf of one or more of the companies mentioned in this opinion. CRG has been compensated six hundred thousand shares for AMMX. CRG also received two million shares in past compensation. CRG intends to sell its shares. CRG has sold approximately two million AMMX shares to date. CRG may sell its shares for less than the target price given in this opinion. In addition to any compensation mentioned above, additional compensation can be equal to ten percent of any newly issued or registered securities of the profiled companies. CRGP and its web site are operated under a license from Capital Research Group, Inc., TheSUBWAY.com Inc. and One Source Solutions Inc. (Licensors) and CRGP is not the agent of any of the Licensors and CRGP is solely responsible for all statements made herein. CRGP's affiliates, officers, directors and employees intend to buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise in value. CRGP will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
CONTACT: Joe Farrar, President, CRG Partners, Inc. Tel: +1 631 935 4728 WWW: http://www.TheSUBWAY.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
