American Commerce Solutions, Inc. Announces Financing.BARTOW, Fla. -- American Commerce Solutions, Inc.'s (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AACS AACS American Association of Christian Schools AACS Advanced Access Content System (standard for content distribution and digital rights management) AACS American Academy of Cosmetic Surgery AACS Attitude and Articulation Control Subsystem ) wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , International Machine and Welding, Inc. is today announcing that it has successfully completed a $772K refinancing. Daniel L. Hefner, President and Chief Executive Officer of ACS (Asynchronous Communications Server) See network access server. stated, "We are pleased to announce that IMW has closed a loan with its local lender, Valrico State Bank. This loan is a three year term refinancing of its prior promissory note. The rate of interest is 7.5% and maturity is December 2008." This loan is personally guaranteed by Mr. Hefner. Information about American Commerce Solutions, Inc. and International Machine may be seen at the corporate website http://www.aacssymbol.com. ACS subsidiary Chariot Manufacturing Company, Inc. maintains a separate website at http://www.chariot-trailer.com. Information about ACS Strategic Partner, American Fiber Green Products, Inc., may be seen at http://www.americanfibergreenproducts.com. Safe Harbor Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion