AACS .032x.033.News earlier. (COMTEX) B: International Machine and Welding, Inc. Announces New Presiden
( PRNewswire-FirstCall )
B: International Machine and Welding, Inc. Announces New President ( PRNewswire-
irstCall )
BARTOW, Fla., Jan 30, 2004 /PRNewswire-FirstCall via COMTEX/ -- American
Commerce Solutions, Inc. (OTC Bulletin Board: AACS) today announced the hiring
of John W. Shearer as President of its wholly owned subsidiary, International
Machine and Welding, Inc.
Daniel L. Hefner, President and Chief Executive Officer of IMW parent, American
Commerce Solutions, Inc. issued the following prepared statement:
"On behalf of the Board of Directors of American Commerce Solutions, Inc., I am
pleased to announce the hiring of John Shearer as the new president of
International Machine and Welding, Inc., effective February 1, 2004. We are
confident that Mr. Shearer's vast industry experience, product and customer
knowledge, proven track record of success and commitment to implementation of
the corporate business plan, will be the catalyst for immediate, mid and long
range improvement in both the operations and the profitability of IMW. Mr.
Shearer has been a consultant to the Board of Directors since October of 2003.
During that time, we have found his counsel to be wise, his industry knowledge
to be extensive and his people skills to be exemplary. Many of his observations
and suggestions have been taken into consideration and/or implemented with very
positive results."
Hefner voiced the Board's confidence that this subsidiary will reach a new level
of both vitality and profitability under Mr. Shearer's direction and that the
full support of the employees will be evidenced by the results achieved.
According to Hefner, Mr. Shearer has owned, operated and sold two successful
businesses in Polk County, Florida, the headquarters of American Commerce
Solutions, Inc. and home of International Machine and Welding, Inc. Hefner also
noted that Mr. Shearer's prior business in tool manufacturing have served
international corporations such as GM, Ford Motor Company, General Electric,
Westinghouse, and Schwinn.
"Mr. Shearer has managed heavy equipment parts and service businesses in the
same geographical area since 1973. Those two companies, Crawler Tractor Service
(Bartow, FL) and Steel Technology and Design, Inc. (Lakeland, FL), were each
multimillion-dollar companies. They were challenged by the same issues and
opportunities as International Machine and Welding, Inc. Mr. Shearer was able to
successfully lead those companies to growth and profitability. Through our
observations of his talents during his consulting period, it was easy to
determine that he was the right choice to step into that leadership role. The
results of his influence will be reflected in the fourth quarter numbers as well
as internal efficiencies," Hefner commented.
Asked about his new position, Mr. Shearer stated, "I'm glad to be part of this
dynamic group of people. The nucleus of talent that is here in management, labor
and administration is a dedicated team of professionals. It will be a pleasure
to lead this company in the way that the Board of Directors have authorized and
see the growth that I believe will follow the implementation of our business
model and good, hard work. International Machine and Welding is widely known and
respected in the industry and has such unique equipment in the machining
division that we will be able to take advantage of many opportunities not
afforded lesser companies. I am comfortable with the mandates I have been given
and have great expectations from myself as well as every member of the team. I
have been well equipped for this position by my prior experience and that has
been recognized by the Board of Directors."
When asked to describe the challenges he expected, Mr. Shearer stated, "Every
industry needs a talented work force. In our case that means that we need to
recruit and hire the best-qualified machinists for that division and the best
qualified heavy equipment mechanics for that division. We will constantly seek
those talents. The only other challenge is to shake off the sluggishness of the
local economy that prevailed for most of 2003 and take advantage of the upturn
that has been evidenced in the last two months."
International Machine and Welding, Inc. is a wholly owned subsidiary of American
Commerce Solutions, Inc. Information about American Commerce Solutions, Inc.,
International Machine and Welding, Inc. or its sister subsidiary Chariot
Manufacturing Company, Inc. is available at the corporate website,
www.aacssymbol.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.
SOURCE American Commerce Solutions, Inc.
CONTACT: Daniel L. Hefner, President and Chief Executive Officer of
American Commerce Solutions, +1-863-533-0326
URL: aacssymbol.com
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Copyright (C) 2004 PR Newswire. All rights reserved.
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KEYWORD: Florida
INDUSTRY KEYWORD: MAC
FIN
SUBJECT CODE: PER
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