Chariot Manufacturing Company, Inc. Considers First Retail Dealership.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, Chariot chariot, earliest and simplest type of carriage and the chief vehicle of many ancient peoples. The chariot was known among the Babylonians before the introduction of horses c.2000 B.C. and was first drawn by asses. The chariot and horse introduced into Egypt c.1700 B. Manufacturing Company, Inc., today announced negotiations to open its first retail dealership. Daniel L. Hefner, President and Chief Executive Officer of American Commerce Solutions, Inc., stated, "I am pleased to announce that discussions to open a retail location of Chariot Trailers have begun. We feel that a retail location to display our product line will add an important new dimension to Chariot. We feel that the first dealership should be in close proximity to our manufacturing facilities. For that reason we are considering opening the first unit in Tampa. It is anticipated that this unit will be a joint venture between the company and an investor." "On-going discussions have included the possibility of establishing regional distribution territories. The first region would be the state of Florida although other regions may cover multiple states. The year round nature of motorcycle riding in Florida, as well as the numerous 'biking' activities, including hundreds of thousands of current and future motorcycle riders that attend Daytona Bike Week, make this a logical choice," Hefner stated. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Chariot General Manager, Ken McCleave, "All of our products will show well. I am particularly excited about the reception that our 16 foot 'toy hauler' has received. The final interior design has been completed and the final tooling will be completed in about three weeks. It is important that we have a place to display our models for the prospective customers. We currently have deposits on fourteen 16' trailers to be delivered in the next sixty days." McCleave continued, "Chariot was cash flow positive for the month of July. We expect that to be the norm in the near future as we finish the tooling and are finally able to focus on production. This was essential before considering any dealership program." 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 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. 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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