AACS.032,October 4thForward looking event.Should be good for .043 to .05.IMO.Today is SEP 29th,the 4th=This Saturday.
IMO. price should be going up soon?
the schedules of the parties
will not allow closing before October 4th, 2003. Chariot assets have already
been moved to the location where production will be commence immediately upon
closing.
(COMTEX) B: American Commerce Solutions, Inc. Announces Chariot Closing Da
B: American Commerce Solutions, Inc. Announces Chariot Closing Date
BARTOW, Fla., Sep 25, 2003 /PRNewswire-FirstCall via COMTEX/ -- American
Commerce Solutions, Inc. (OTC Bulletin Board: AACS) today announced that it will
close on the acquisition of Chariot Manufacturing Company, Inc. (Chariot) on
October 4, 2003.
Daniel L. Hefner, President and Chief Executive Officer of American Commerce
Solutions, Inc. stated, "We have received response from the attorney
representing Chariot Manufacturing Company, Inc. and have negotiated the minor
changes suggested by his review. Unfortunately, the schedules of the parties
will not allow closing before October 4th, 2003. Chariot assets have already
been moved to the location where production will be commence immediately upon
closing. In reality, we have already taken over scheduling responsibility for
warranty and repair work for Chariot."
Mr. Hefner continued, "We are excited that we will finally get this first
acquisition under our belts. I have received numerous calls and e-mails from
stockholders and news organizations wanting to know 'when and if" the
acquisition would actually take place. This much anticipated acquisition will
bring additional credibility to the American Commerce Solutions, Inc. Board of
Directors and the business model we are implementing. The terms and conditions
of the purchase will be reported in the appropriate 8K filing following the
closing."
Hefner further commented, " Meanwhile, we will continue the process of updating
the printed promotional material and brochures and evaluating any tooling
requirements for the molds and jig fixtures. Upcoming trade shows and
opportunities to aggressively market these lightweight, easy-pull, durable
fiberglass trailers are also being assessed. Our confidence that the acquisition
would be completed has caused us to continue to prepare, so that no time will be
lost when it is time to gear up."
Mr. Hefner stated that although Chariot is about trailers, it is also about
fiberglass. Other contemplated acquisitions will also feature fiberglass
manufacturing, but fiberglass recycling will also be part of this new division
of American Commerce Solutions, Inc. through acquisition, if plans go as
intended. The anticipated timeframe for the next acquisition is the beginning of
the fourth quarter or sooner.
"We have great expectation from the fiberglass related enterprises, but the
workhorse of American Commerce Solutions, Inc. continues to be International
Machine and Welding, Inc.," Hefner remarked. " We will continue to manage to the
balance sheet and streamline our operations to maximize our resources of people
and equipment."
"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.
SOURCE American Commerce Solutions, Inc.
CONTACT: Daniel L. Hefner, President and Chief Executive Officer of
American Commerce Solutions, +1-863-533-0326
(AACS)
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