AmeraMex International (OTCQB:AMMX) has announced the appointment of George Anast to the company’s board of directors and Andrew Gustafson to the position of CFO.
Anast is a Senior Recruiter and Territory Sales Manager of InSync Consulting Services and has been ranked as the number one recruiter in the company for the past two years, the company said in a statement. He will fill the seat vacated by Marty Tullio.
“With a career spanning 20-plus years, George has an entrepreneurial background with expertise in leadership skills, business development, sales and marketing as well as sales operations and accountment management,” said AmeraMex CEO Lee Hamre.
“We are confident he will provide the board and management with valuable perspectives and guidance on continuing to expand the company’s business outlook.”
Incoming CFO Gustafson will replace Hope Stone who has taken a new position that will allow her to spend time with her active family, the company said.
Before joining AmeraMex, Gustafson was an Assistant Director with Stanford Health Care in the Bay Area. With a career spanning over 25 years, Gustafson brings a wealth of experience in accounting and operations, AmeraMex said.
Further, the company said it has elected to move from the OTCQB to the OTC Pink Market, effective April 4, 2023.
“We did not make the decision to move from the OTCQB to the OTC Pink Market lightly, both the board and management team are disappointed as we fought hard to become a fully reporting company,” Hamre commented.
“Unfortunately, that did not happen and instead, it has increased our costs for legal and auditing, etc. to over $250,000+ annually, or $960,000 since 2019. This is money that could have helped strengthen our balance sheet and improve our bottom line.”
He concluded: “If, in the future, we find ourselves in the position to clearly benefit from being a fully reporting company, we will most certainly take it under consideration.”
AmeraMex sells, leases and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber.
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