Chariot Manufacturing Company, Inc. Plans To Open Pittsburgh 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 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. , 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 preliminary negotiations to open a retail dealership in Pittsburgh, Pa. Daniel L. Hefner, President and Chief Executive Officer of American Commerce Solutions, Inc. stated, "I am pleased to announce that preliminary discussions to open a retail location of Chariot Trailers in Pittsburgh, Pa. have begun. After returning from two days in Pittsburgh, I am comfortable that a memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. will be inked in the next seven to ten days." 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, "Completing the final interior design and the final tooling has finally put us in a position to actively pursue a strategic dealer network. A Pittsburgh location will give us a much needed northeast U.S. location from which to display and deliver our products, whether locally sold or through corporate marketing at various bike shows attended by our staff." The Company expects the new dealership to be fully stocked and operational in mid May or early June assuming negotiations progress as anticipated. Hefner stated, "Part of our enthusiasm for this opportunity is the high degree of motorcycle knowledge and experience of the proposed dealership owner. He is keenly aware of the needs and desires of motorcycle owners as they select the trailers that best suit them." Chariot Trailers are marketed as the 'Cadillac' of motorcycle trailers, noting the quality and beauty of these lightweight, aerodynamically designed transports. Chariot maintains a website at www.chariot-trailer.com. Chariot's parent company, American Commerce Solutions, Inc. also maintains a website at www.aacssymbol.com for its other wholly owned subsidiary, International Machine and Welding, Inc. A Strategic Partnership between American Commerce Solutions, Inc. and American Fiber Green Products, Inc. is highlighted at www.americanfibergreenproducts.com. 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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