American Commerce Solutions, Inc. Announces New Subsidiary President.BARTOW, Fla. -- American Commerce Solutions, Inc. (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 ) today announces a new president to head its 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. Daniel L. Hefner, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President of ACS (Asynchronous Communications Server) See network access server. today announced, "The Board of Directors of ACS is pleased to announce the promotion of Don Harrison as President of International Machine and Welding, Inc. Mr. Harrison has a wealth of knowledge and experience to lead IMW. Don has been a vital part of the IMW family for over 19 years in various capacities, most recently as General Manager. He currently has full P&L responsibility and has been instrumental in sales development. Don's experience in mining machinery and processes, including gasification gas·i·fy tr. & intr.v. gas·i·fied, gas·i·fy·ing, gas·i·fies To convert into or become gas. gas , make him an excellent choice for this position in light of the company's anticipated direction change. He is highly respected by the rank in file and his peer management. I look forward to working with Don to implement the IMW business plan." The vacancy being filled by Mr. Harrison was created by the voluntary resignation of former president, John Shearer, due to prolonged illness. The company expressed its appreciation for Mr. Shearer's valuable service to the company. ACS and IMW maintain a website at http://www.aacssymbol.com . ACS subsidiary Chariot Manufacturing Co., Inc. has a web presence at http://www.chariot-trailer.com . ACS Strategic Partner, American Fiber Green Products, Inc. can be viewed 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