American Commerce Solutions' International Machine and Welding Announces The First of Planned System Upgrades.Business Editors BARTOW, Fla.--(BUSINESS WIRE)--April 4, 2001 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 management of its heavy equipment and machining division, International Machine and Welding welding, process for joining separate pieces of metal in a continuous metallic bond. Cold-pressure welding is accomplished by the application of high pressure at room temperature; forge welding (forging) is done by means of hammering, with the addition of heat. , has accomplished the first stage of its expansion plan with the installation of a new track press, which is expected to double the company's current capacity to service the undercarriages of heavy construction equipment. This division of IMW IMW International Map of the World IMW Israel's Media Watch IMW International Minimum Wage IMW Inspection Moderator Workshop (STSC) services, repairs and re-manufactures heavy equipment. The demand for these services is expected to expand as more companies elect to repair existing equipment, as opposed to purchasing new equipment during uncertain economic times. This facet of the company's business currently contributes 72% to the division's total product mix, and accounts for 44% of the company's annual revenues. In addition to providing an important core service for its customer base, this area accounts for one of the company's highest margin contributions to bottom line profits. International Machine and Welding's machining division is one of only a few in the Southeastern U.S. capable of machining and repairing very large industrial machinery. The upgrade and expansion of such machinery maximizes the useful lives of its customers' equipment in the construction, utility, drilling, mining, aerospace, maritime, and agricultural industries. Steven Smith Stephen Smith, Steve Smith, or Steven Smith may refer to: In sports:
Mr. Smith noted that the installation of this new track press exemplifies management's philosophy of prioritizing system upgrades in such a manner that the ratio of investment to return is maximized. The ratio of investment to return on this particular piece of equipment is approximately 1:7. For approximately $150,000 invested, $1 million in additional revenues will be captured by the company over the next twelve months. Mr. Smith later added: "While our board of directors brings together professionals from a wide range of industries, we are unified in the belief that because of the current economic environment, companies which provide core industrial services and products are better positioned to provide shareholders with long term capital appreciation than those which rely on more trendy, speculative markets. As such, we believe AACS is on the right track to achieve the growth projections in our long term business plan." American Commerce Solutions is a Florida-based holding company with operating subsidiaries An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. that serve a broad base of traditional industrial markets in the U.S. These include heavy equipment machining, manufacturing of protective blue collar workwear Noun 1. workwear - heavy-duty clothes for manual or physical work apparel, clothes, wearing apparel, dress - clothing in general; "she was refined in her choice of apparel"; "he always bought his clothes at the same store"; "fastidious about his dress" , road construction and materials recycling. In addition to International Machine and Welding, the company's subsidiaries include J.D. American Workwear and Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. Truck and Equipment Corp. J.D. American manufactures and sells safety workwear products into a market estimated at over $14.5 billion annually. The company anticipates profits from the current emphasis being dictated by government organizations requiring increased safety regulations. Rhode Island Truck and Equipment is engaged in various construction related markets including demolition, road paving, materials hauling and recycling. Management expects to announce the acquisition of a new subsidiary, a 17 year old technology company, during the current fiscal quarter. AACS' subsidiaries bring diversified strengths to the parent holding company resulting from a substantial asset base, long term customer relationships and contracts, patented products and licensing rights, and significant bonding capabilities in construction and development. The Private Securities Reform Act of 1995 provides a "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. " for forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Certain information included in this Press Release (as well as information included in oral statements or other written statements made or to be made) contains statements that are forward looking, such as those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc consummation CONSUMMATION. The completion of a thing; as the consummation of marriage; (q.v.) the consummation of a contract, and the like. 2. A contract is said to be consummated, when everything to be done in relation to it, has been accomplished. of transactions, anticipated future revenues and/or success of current product offerings. Such forward looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward looking statements. For further information, contact Lynne Perlmutter at 305-666-3990. |
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