American Commerce Solutions, Inc. (OTCBB: AACS) yesterday posted
the following letter from Daniel L. Hefner, President and Chief
Executive Officer on the company's website.
Hefner stated, "We are now ready to begin a conscious effort to
bring awareness of the opportunities presented by the
undervaluation of our common stock. The first step is to let our
existing shareholders know our plans. This is the beginning of a
series of consequential announcements to be released over the next
few weeks. These difficult economic times on the national scene
will at the same time create opportunity for those that are
prepared. We expect to take advantage of several opportunities
which have been in negotiation for some time."
American Commerce Solutions, Inc. October 2008 From the Desk of
Daniel L. Hefner
Today, I am publishing this letter to break the silence and
usher in a new era for American Commerce Solutions, Inc.
shareholders. I am excited to be able to announce several
consequential events for the immediate and near future that will
have long term benefits to all shareholders of record date.
For many reasons American Commerce Solutions, Inc. has not been
able to implement its business plan effectively. It is not due to
lack of effort! We have entered into negotiations time and again
for potential mergers and acquisitions. We have had some successes
and some failures, but all along the way we have been diligent. We
are building every day on our plans. We are confident that
perseverance, hard work, dedication and opportunity eventually come
together to produce success. Success is a measurement that each
must define by his own circumstance, but represents achievement,
accomplishment, victory or triumph.
Ultimate success is almost always preceded by disappointments
and delays, but never with quitting as an option. AACS has great
expectation of ultimate success. We have literally weathered the
storms that caused almost $1.5M in damage to our home office and
IMW facilities, as well as the economic storm that is caused by
under capitalization and poor cash flow. Quitting has never been an
option.
Personal sacrifice is also a key element of ultimate success.
Management and labor alike have made the sacrifices required, over
and over again. We will continue to do so.
Patience has been the common denominator for employees,
management and shareholders alike. Great expectation has been the
bond that holds us together while we continue our journey to
success and the resulting reward.
Every day, we fight the battles necessary to give us the
anticipated victory in the ongoing war. Today, as I write, I see a
light on the horizon.
The fourth quarter of 2008 is expected to be the beginning of a
new era at American Commerce Solutions, Inc. For several years we
have been on a parallel track with American Fiber Green Products,
Inc. (www.americanfibergreenproducts.com), as that company has
sought to be publicly traded. That goal was achieved with the help
and support of American Commerce Solutions, Inc. with approval on
December 20, 2007 and officially trading on May 2, 2008 under the
symbol of AFBG.OB.
I expect that the benefits of the assistance given will be felt
soon and for a long time to come. Time will tell, but we believe
that once funded, AFBG will grow quickly and its stock will
appreciate well. Both of these events will be cause for celebration
for AACS shareholders. Why? We expect substantial growth and AACS
subsidiary, International Machine and Welding, Inc., is anticipated
to be the vendor source for fabrication and erection of the
operating plants for the recycling process. Whether IMW directly or
indirectly produces the plant, substantial revenue and profits will
be derived from the association. Some parts are 'off the shelf'
while others will be design built to the specifications of the
patent and the sub licensees specific plans.
Additionally, AFBG will award to AACS 276,000 shares of AFBG
common stock, representing 15% of the issued and outstanding shares
of common stock held by the approximately 950 shareholders of Amour
Fiber Core, Inc. at the time of the merger between Amour and
American Leisure Products. Although sporadic trading has occurred
in AFBG, no substantial market awareness has been created to cause
the share price to find its proper trading level. The price has
fluctuated from $.10 to $1.20 in its short trading history.
It is anticipated that as funding, sublicense agreements and
tipping contracts are established over the next few months, market
awareness will cause share price appreciation to the $2.00 plus
level. Of course, there are no guarantees in the stock market in
this economic climate!
For AACS shareholders of record at close of business on November
14, 2008, a distribution of one (1) share of AFBG common stock for
every 2500 shares of AACS common stock will be made. This presumes
no legal prohibitions to this action. This action should solidify
the relationship between the shareholders of both companies.
However, as exciting as the relationship and opportunities with
American Fiber Green Products, Inc. may be, AACS management is
equally excited about the other opportunities under negotiation at
this time. The current economic climate is bittersweet. For every
story of decline and suffering, there are corresponding stories of
opportunity for those companies and individuals that have been able
to survive, endure and in some cases thrive through the hard times.
Opportunity comes often with recognition that uniting businesses
with common goals and interests can provide a hedge against the
onslaught. Banding together gives strength to weather hard,
economic climate change. The AACS business model which has remained
largely undeveloped is still viable and we expect to make several
critical announcements over the next few weeks that will encourage
our shareholders and present a brighter picture for both near and
distant future. Management anticipates announcement of two Letters
of Intent for acquisitions over the next few weeks. Other
acquisitions are anticipated as contracts are awarded in
partnership with AFBG.
So, what does the future hold for AACS shareholders? Well, to
some degree, that depends on you. Immediately, management will
begin a substantial effort to increase awareness of AACS and its
future plans. We will use analysts, interviews and media reports to
encourage investors to examine and become part of AACS. New and old
shareholders, as well as potential new investors, will be exposed
to the current and future plans of the company that we expect to
revitalize the investor base. Plans that will build on the solid
asset base that has remained in place since the reverse merger of
June 2000 will be unveiled. Common industry growth will expand the
opportunities of the machine and welding sector by adding specific
recurring revenue production products. We will be considering and
promoting joint venture relationships which will stabilize and grow
the revenue stream. It is anticipated that some acquisitions may
begin with joint ventures and expand from there. During the time of
creating awareness, it is our hope that those of you who have held
firm in your expectations for AACS will now recognize that these
efforts will be geared to return lost share value to AACS common
stock.
During these efforts, you will have to make a decision whether
to hold, sell or increase your position in AACS. It is anticipated
that a few will decide to sell their AACS positions while many will
increase or hold. Which makes the most sense? Well, if you
recognize that the plans of the company, if realized, could move
the share price one hundred fold from its current under valuation,
and you purchased your position as many did between two and one
half cents and four cents, BUYING at current levels reduces your
average cost per share. Also, your NEW buying will be a catalyst to
increased share price allowing you to eventually sell at a higher
share price with a lower cost basis.
If you are a seller, prudence says that being patient during an
awareness campaign can allow momentum to become the current that
carries share price to greater value and creating a higher exit
point. This is beneficial to everyone involved because it
establishes a higher cost basis for new shareholders, who will then
have a higher exit strategy and the cycle will repeat at that
point.
For those who have waited patiently or impatiently alike, this
is the time that we have all hoped to experience. AACS is ready to
move forward and become more than just another undervalued stock.
Every shareholder can became part of the momentum by buying more
shares in the market from those who simply can not or will not wait
to sell. This consolidation of the shareholder base will help to
create momentum that can increase the share value that we all hope
to establish with AACS.
Thank you for your past, present and future support of American
Commerce Solutions, Inc.
Sincerely,
/s/Daniel L. Hefner
President
American Commerce Solutions, Inc. maintains a Strategic
Partnership with American Fiber Green Products, Inc.,
www.americanfibergreenproducts.com (OTCBB: AFBG).
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.
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.
For information about this press release or the company,
contact: Daniel L. Hefner 813-244-9843
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