BARTOW, FL -- (Marketwire) -- 10/16/08 -- 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