American Commerce Solutions, Inc. to Break the Silence
19 Enero 2007 - 7:30AM
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.
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