American Commerce Solutions, Inc. Reports Acquisition Progress
Thursday October 16, 8:00 am ET
BARTOW, FL--(MARKET WIRE)--Oct 16, 2008 -- American Commerce Solutions, Inc. (OTC BB:AACS.OB - News) management today announced that discussions are ongoing with its acquisition target.
Daniel L. Hefner, President and Chief Executive Officer of American Commerce Solutions, Inc., stated, "Today's meeting with management of the company that we hope to acquire was very fruitful. After several hours of discussion, it was agreed that both entities see substantial benefit to the union and desire to aggressively move forward. A due diligence package was given and is expected to be completed and returned by next Tuesday, the 21st of October. Assuming that all is in order, a Letter of Intent will follow before the end of the month."
American Commerce Solutions, Inc. maintains a Strategic Partnership with American Fiber Green Products, Inc., www.americanfibergreenproducts.com (OTC BB:AFBG.OB - News). AFBG began public trading on May 2, 2008.
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, Inc. 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.
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.
Contact:
Contact information:
Daniel Hefner
813-244-9843
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Source: American Commerce Solutions, Inc. |
