Message #19 From:
NewsBot Date: January 19, 2007 05:30:00 AM
AACS News American Commerce Solutions, Inc. to Break the Silence
BARTOW, Fla.--(BUSINESS WIRE)--American Commerce Solutions, Inc. (OTCBB: AACS) today announced that the
self-imposed silence during contract negotiations will be broken.
ACS President and Chief Executive Officer, Daniel L. Hefner, today
stated, “Contract negotiations which are
expected to provide substantial manufacturing contracts and accompanying
funding have taken considerably longer than expected. For that reason
management has determined that it is unreasonable to withhold
communication from our loyal stockholders any longer. Specifics about
the ongoing negotiations will remain confidential until a reportable
event is recorded, but other news about the company’s
activities and opportunities will regularly be made known.”
Hefner continued, “We remain committed to
creating shareholder value through internal growth, acquisition and
strategic partnerships. Our expectations remain high that we will
complete the current negotiations for manufacturing as well as expanding
the relationship with American Fiber Green Products, Inc. Our current
operating subsidiaries, International Machine and Chariot Manufacturing
Company continue to provide a substantial foundation for growth. Over
the next few weeks we will release updates for each operation.”
According to Hefner, during the period of near total silence, the company’s
common stock, trading under the symbol AACS, has declined by almost 40%.
He made no comment as to expectations for share price, instead stating
that he expected to have a positive investor response to the
announcement of resumption of information flow.
American Commerce Solutions, Inc. is a multi-industry holding company.
ACS currently has wholly owned subsidiaries International Machine and
Welding, Inc. and Chariot Manufacturing Company which includes Chariot
Trailers and the AFG job shop. The ACS website, www.aacssymbol.com
highlights the IMW operation and links to the Chariot website, www.chariot-trailer.com.
American Commerce Solutions, Inc. is also a Strategic Partner to
American Fiber Green Products, Inc., www.americanfibergreenproducts.com,
AFGP has a patented process for recycling fiberglass for which there is
a worldwide, pent up demand. ACS continues to provide management
consulting services to AFGP.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: The statements contained in this release that are not
historical, are forward-looking statements that are subject to risks and
uncertainties that could cause results to differ materially from those
expressed in the forward-looking statements, including but not limited
to, certain delays and risks detailed from time to time in the company’s
filings with the Securities and Exchange Commission.
