AACS.032.Bold part.(COMTEX)B: American Commerce Solutions, Inc. (OTC Bulletin Board: AACS) T
day Announced The Hiring of Steven D. Smith as Presid
B: American Commerce Solutions, Inc. (OTC Bulletin Board: AACS) Today Announced
he Hiring of Steven D. Smith as President of its Wholly Owned Subsidiary, Chario
Mfg. Co., Inc.
In response to his appointment, Mr. Smith stated, "I have been working with the
company as a consultant in various capacities for the last few months. During
that time, I have had the opportunity to analyze Chariot from the ground up. I
feel that it has significant potential. When acquiring a company like Chariot,
much thoughtful consideration and planning are required for the transition from
its previous ownership to be successful.
BARTOW, Fla., Feb 03, 2004 /PRNewswire-FirstCall via Comtex/ -- Daniel L.
Hefner, President and Chief Executive Officer of Chariot 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 Steven Smith as the new president of Chariot
Mfg. Co., Inc., effective February 1, 2004. Mr. Smith's proven experience
developing and growing successful businesses gives us great confidence that he
will be a catalyst for the growth of Chariot Manufacturing. Mr. Smith has been a
consultant for the Board of Directors since October 2003 and as such, we have
seen him roll up his sleeves and experience every step of the manufacturing
process to gain first hand knowledge. He has gained customer knowledge through
market research, as well as what they expect from us and from our products. He
has also carefully studied the limitations of our competition. From his complete
understanding of the company and the market, he has developed a comprehensive
strategic business plan, consistent with our objectives and one that we are
confident will allow Chariot to achieve success in the market."
Mr. Hefner continued, "Mr. Smith's track record includes recognition through
citations from two Governors for excellence and achievement in his home state's
industry, as well as numerous other high-profile credits. At age 24 Mr. Smith
was a pioneer in what is now one of the largest high tech industries. He
successfully implemented programs of "TQM" and "Lean Manufacturing" before they
were commonly recognized terms. His sales strategies and focused execution have
resulted in an envied level of success through contractual supplier
relationships with such companies as Motorola, IBM, General Motors, General
Electric, Bussmann and AT&T. His experience as an officer and director in
publicly-traded companies affords him the insight to understand the need to
build shareholder value."
In response to his appointment, Mr. Smith stated, "I have been working with the
company as a consultant in various capacities for the last few months. During
that time, I have had the opportunity to analyze Chariot from the ground up. I
feel that it has significant potential. When acquiring a company like Chariot,
much thoughtful consideration and planning are required for the transition from
its previous ownership to be successful. In this case, we could not continue
operations in the existing facility and the existing infrastructure was not
capable of supporting the anticipated growth. Therefore, the opportunity existed
to develop the proper infrastructure and facilities from the ground up. To help
the company achieve its maximum potential, very deliberate effort was focused
into the transition, rather than constrain ourselves by attempting to produce
immediately. My commitment to our customers is satisfaction by producing a world
class product; to our shareholders this will translate to value. I am pleased
and challenged to be associated with American Commerce Solutions, a company
whose management is committed to excellence, financial accountability and
achieving shareholder value."
When asked about the challenges he faces, Mr. Smith continued, "The greatest
challenge is to remain focused on the long term plan and to maintain a program
of Continuous Improvement. We will meet that challenge through the support our
parent, American Commerce Solutions and the commitment of our staff of
experienced and dedicated professionals. Our strategic business plan is
consistent with the stated goals of American Commerce Solutions' Board of
Directors. That plan provides a defined and logical path for us to follow. I
look forward to the challenge and expect Chariot to contribute to the overall
corporate growth."
Chariot Mfg. Co., Inc. is a wholly owned subsidiary of American Commerce
Solutions, Inc. Information about American Commerce Solutions, Inc., Chariot
Mfg. Co., Inc. or its sister subsidiary International Machine and Welding, 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: prnewswire.com
Copyright (C) 2004 PR Newswire. All rights reserved.
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KEYWORD: Florida
INDUSTRY KEYWORD: AUT
FIN
OTC
SUBJECT CODE: PER
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