American Commerce Solutions, Inc. to Break the Silence.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 announced that the self-imposed silence during contract negotiations will be broken. ACS (Asynchronous Communications Server) See network access server. President and Chief Executive Officer, Daniel L. Hefner, today stated, "Contract negotiations which are expected to provide substantial manufacturing contracts and accompanying funding have taken considerably longer than expected. For that reason management has determined that it is unreasonable to withhold communication from our loyal stockholders any longer. Specifics about the ongoing negotiations will remain confidential until a reportable event is recorded, but other news about the company's activities and opportunities will regularly be made known." Hefner continued, "We remain committed to creating shareholder value through internal growth, acquisition and strategic partnerships. Our expectations remain high that we will complete the current negotiations for manufacturing as well as expanding the relationship with American Fiber Green Products, Inc. Our current operating subsidiaries, International Machine and Chariot Manufacturing Company continue to provide a substantial foundation for growth. Over the next few weeks we will release updates for each operation." According to Hefner, during the period of near total silence, the company's common stock, trading under the symbol AACS, has declined by almost 40%. He made no comment as to expectations for share price, instead stating that he expected to have a positive investor response to the announcement of resumption of information flow. 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 which includes Chariot Trailers and the AFG AFG Afghanistan (international vehicle registration) AFG American Financial Group AFG Assistance to Firefighters Grant AFG Arbeitsförderungsgesetz (German: Labor Advancement Law) AFG Accreditation for Growth job shop. The ACS website, www.aacssymbol.com highlights the IMW IMW International Map of the World IMW Israel's Media Watch IMW International Minimum Wage IMW Inspection Moderator Workshop (STSC) operation and links to the Chariot website, www.chariot-trailer.com. American Commerce Solutions, Inc. is also a Strategic Partner to American Fiber Green Products, Inc., www.americanfibergreenproducts.com, AFGP AFGP Antifreeze Glycoproteins has a patented process for recycling fiberglass for which there is a worldwide, pent up demand. ACS continues to provide management consulting services to AFGP. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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. |
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