American Commerce Solutions, Inc. Reports Acquisition Progress
October 16 2008 - 7:00AM
Marketwired
American Commerce Solutions, Inc. (OTCBB: AACS) management today
announced that discussions are ongoing with its acquisition target.
Daniel L. Hefner, President and Chief Executive Officer of
American Commerce Solutions, Inc., stated, "Today's meeting with
management of the company that we hope to acquire was very
fruitful. After several hours of discussion, it was agreed that
both entities see substantial benefit to the union and desire to
aggressively move forward. A due diligence package was given and is
expected to be completed and returned by next Tuesday, the 21st of
October. Assuming that all is in order, a Letter of Intent will
follow before the end of the month."
American Commerce Solutions, Inc. maintains a Strategic
Partnership with American Fiber Green Products, Inc.,
www.americanfibergreenproducts.com (OTCBB: AFBG). AFBG began public
trading on May 2, 2008.
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, Inc.
which includes Chariot Trailers and the AFG job shop. The ACS
website, www.aacssymbol.com highlights the IMW operation and links
to the Chariot website, www.chariot-trailer.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act 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.
Contact information: Daniel Hefner 813-244-9843
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