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Thanks Gold Monkey Dan called and we chatted for a while. I will put a post together on our conversation and my thoughts.
Thanks again
yeah what is up with that, 10 bucks he promised like 50. there goes the second Yacht
DFLR: This may be why som much buying interest today in this stock. Looking pretty good Today is transaction date.
DFLR Intends to Sell Its Real Estate Holdings in Utah; Mining Operations to Become Primary Focus
SAN DIEGO, Feb 10, 2005 (BUSINESS WIRE) -- Diversified Financial Resources Corp. (OTCBB: DFLR) ("DFLR") announced today that it intends to sell its real estate holdings in Utah. Specifically those that are presently held by the following subsidiaries: Diversified Holdings XIX; Wichita Development Corp.; and Salt Lake City Development Corp.
On Feb. 8, DFLR executed a Purchase and Sale Agreement with Global Links Corp. (OTCBB: GLKCE) that included the sale of the company's real estate holdings to Global Links, including: (1) 15,000-square-foot three-story office building; (5) one-, two- and three-bedroom condos; (1) duplex home with three bedrooms per unit; (2) residential houses -- the first a five-bedroom and the second a three-bedroom. The closing date is set for Feb. 28, 2005.
According to John Chapman, president and CEO of DFLR, "Changing DFLR's focus is key to our success. It is important for DFLR to move from a broad-based holdings company, with numerous subsidiaries in real estate to a company with a more narrowed focus. Consequently, DFLR intends to abandon its plans to operate a healthcare division and other prospective businesses as outlined on its Web site. The plan is to focus primarily on our mining operations. However, DFLR will continue to review opportunities in agriculture, transportation and equipment leasing. The latter may involve an investment in leasing of gaming equipment (i.e., slot machines, video poker slots, etc.) to licensed operators abroad and here in the United States. The sale of DLFR's real estate divisions should enable DFLR to focus upon its mining operations which hopefully will allow management to reduce expenses and in time increase revenues which should result in profitability."
According to Chapman, DFLR's gold and silver mining and milling operation in Chihuahua, Mexico, is now operating between 60% and 70% percent capacity. The initial shipment of gold and silver concentrate is still tentatively scheduled to go to market sometime in the next two weeks. An update on that shipment will be forthcoming. The formal acquisition of the mine is expected to occur within the next 90 days.
About Diversified Financial Resources Corp.
DFLR is currently a holding company with operations in real estate and mining. Investors are strongly encouraged not to make an investment that they cannot afford to lose. Furthermore, DFLR does not recommend that any shareholder take any action solely based upon the information provided above. DFLR strongly encourages the public to read the above information in conjunction with its Form 10KSB for Dec. 31, 2003, and 10QSB for March, June and Sept. 30, 2004. These disclosures can be viewed at www.sec.gov, via navigating to the company's EDGAR filings. DFLR's Web site can be viewed at www.dfrc.net.
This press release may contain forward-looking statements that are based on a number of assumptions, including the successful completion of the necessary due diligence in a short period of time. Although DFLR believes these assumptions are reasonable, no assurance can be given that they will prove correct. These forward-looking statements involve a number of risks and uncertainties, including competitive market conditions, successful integration of acquisitions, and the ability to secure sufficient financing due to such risks and uncertainties.
SOURCE: Diversified Financial Resources Corp.
CONTACT: Equitilink, LLC
Penny, nice and as always thank you and Joye for the charting
Gold Monkey I think Mr. Nite has very few shares of AACS and as soon as the CEO calls I will post it here. very weird trading and the crooks, plain and simple manipulation.
DFLR: Money I notice that most trades today are in the form of buys. I was paying .0007 for this stock a couple months ago. appears very cheap here. Thanks
AACS: DVD exactly right look at market cap for this one and current pps, what a joke. Read from Friday what drillbit said about his buy, why in the living Hell does the SEC continue to let this happen, beyond me.
good luck
lol, BO, I agree with CMKX so many variables. I have not gotten really the least bit excited about what is happening or what many think is happening right now. The filings may or may not come out and if they do we don't know what will be in them.
No to me I check on CMKX every now and then, but will put no more cash into them. I have my shares and divvies. I feel good and when it happens then I will be excited not until. It really bothers me to see people get all exicted time and time again and nothing happens. We have to have patience, however long it takes. This week would be great, but?????
good luck my friend.
I am doing good, glad to see you around here. I like what I see with AACS, seems MR NITE is holding many many stocks down. I sit here and laugh
Needdiamonds I will try to confirm and last week was the last time I talked to PYST CEO. IF he puts out a PO the price is gone.
good luck
AACS: well hey DVD how are ya doing? stock looks good huh. I have call in to the company and am waiting on reply. This one seems to have a very strong foundation
PYST: Needdiamonds I have not forgotten it and CEO is scheduled for I believe tomorrow evening. looking really good and as far as CMKX we will see if we get something this week, I don't think so but hope so!
CMKX::: I just now watched the 60 minute special with Maheu. No doubt one very interesting man and very sharp still. Defiantly a reason he is on board and will be great when we find out what his involvement is.
As far as the BOMB being dropped tomorrow, I hope so! Do I think it will tomorrow or this week! NO, I think I will not set my self up for that. I see so much excitement out there right now and hope like heck it is HERE!
I will say as far as people saying UC said at the races it is here! Well heck he told that in Seattle back in June.
Point being is don't get your hopes up right now but be pleasantly surprised when it happens, I know I will be.
good luck all
Mach Cobra
Zen hard to get excited I know, but heck got to at times to keep the sanity.
nice picture there bad bass, hmmm smith Barney no less
Is it just possible the time is upon us? hmmm lets rock
Nice Hustler, Morgan Stanley
AACS: News facts prior pr's!!! I went thru the past several months and tried to highlite the main pr's. I suggest reading this all and think about how undervalued this company really is. Lots of good companies out there just like this and again after reading all the pr's, going private makes a who lot of sense to me. Something seems to be up in a big way with this one. Current pps .0223, low o/s!
good luck all and again always do your own dd on any stock you are looking at
Mach Cobra
Chaiot Manufacturing a wholly owned subsidiary of AACS
June 1, 2004
We sold approximately $52,000 worth of trailers as a result of the display at Myrtle Beach. As a matter of fact, all the trailers we had on display were sold within the first hour of the event. We continued to display the trailers until the end of the event, when the customers took delivery. Our Sales Manager is negotiating with a number of potential dealers met at Myrtle Beach in the VA, WV, PA, NC, and SC markets. We are pleased to announce that Chariot is maintaining a sales backlog of over $100,000 while increasing our shipments in April to over $50,000. We are now operating at a level approximately 40% greater than Chariot has over the last three years of operation.
june 2, 2004
Daniel L. Hefner, Chief Executive Officer and President of American Commerce Solutions, Inc., announced today that he and the Board of Directors continue to be confident that the business plan under which the company currently operates is sound and will be the catalyst to long-term success if properly implemented.
Hefner stated, "We have consistently noted that the business plan of American Commerce Solutions, Inc. is the blueprint of our future and success. That plan calls for a commitment to growth by acquisition and increasing shareholder value through reduced balance sheet debt and/or increase in the asset base. It is easy to lose sight of the objective in light of the emphasis to see immediate improvement in profitability at any cost. Since we have just released the 10KSB for our year ending February 29, 2004, I thought it quite appropriate to point out the following statistics by comparison to the year end 2003:
Cash in bank increased by 448%
Total current assets increased by 94%
Total other assets increased by 5%
Total current liabilities decreased by 13.5%
Total stockholders' equity increased by 21%
These statistics are in line with our stated business objectives."
In addition, the company acquired Chariot Manufacturing Company, Inc. during the fiscal year and has active negotiations continuing for additional acquisitions.
june 14, 2004
American Commerce Solutions, Inc. to Demand Delisting From Berlin Exchang
june 25, 2004
American Commerce Solutions, Inc. Acquires Affordable Fiberglass Group
thursday August 5, 9:47 am ET
TChariot Manufacturing Announces New Market for Its Trailers
Friday September 3, 8:30 am ET
Chariot Manufacturing Recognized as 'The Best Trailer Money Can Buy' by Northeastern Motorcycle Tours
BARTOW, Fla., Sept. 3 /PRNewswire-FirstCall/ -- American Commerce Solutions, Inc. (OTC Bulletin Board: AACS - News) today announced that its subsidiary, Chariot Manufacturing Company, Inc., has sold the first Chariot trailer specifically designed for the landscape industry.
Friday September 24, 8:30 am ET
BARTOW, Fla., Sept. 24 /PRNewswire-FirstCall/ -- American Commerce Solutions, Inc. (OTC Bulletin Board: AACS - News) wholly owned subsidiary, International Machine and Welding, Inc., today released preliminary results of operations for the second quarter ending August 31, 2004.
Daniel L. Hefner, President and Chief Executive Officer of American Commerce Solutions, Inc. stated, "Based upon the company's books and records, we are pleased to announce that International Machine and Welding, Inc. will report a 48% increase in revenue over the same quarter last year. Sales for the second quarter totaled $642,732 compared to $434,300 for the same period last year."
Hefner continued, "Gross profit increased from $241,557 to $272,791 or 12.9% when compared with the same quarter last year. Net loss from operations was $82,796 for the quarter compared to $63,803 loss for the same period last year. This is somewhat distorted, however, since we booked a $32,898 charge in August, reflecting our 2% hurricane insurance deductible for the storm damage we experienced. Without this one time non-cash charge, our net loss would have been $13,000 less than the same quarter in 2003. When we add back depreciation of $81,477 we have positive cash flow of $31,579."
"The third quarter has started with a bang," stated John Shearer, the division President. "September started the new quarter with in-house work in excess of $225,000. Month after month we are gaining momentum as we implement our more aggressive sales effort. Soon we will be adding new specialty machining capability to our already diverse mix of impressive equipment. Each piece that is added creates new revenue opportunity and continues to make us a standout in our market."
Shearer encouraged those interested to view photographs of International Machine & Welding at the company website, http://www.aacssymbol.com
Monday October 4, 11:26 am ET
BARTOW, Fla., Oct. 4 /PRNewswire-FirstCall/ -- American Commerce Solutions, Inc. (OTC Bulletin Board: AACS - News) today announced that it has completed the acquisition of the assets of AFG, a fiberglass fabrication shop, to increase the production capability of Chariot Manufacturing Company, Inc., a wholly owned subsidiary.
Steven D. Smith, President of Chariot, stated, "We are pleased to announce that we now have the opportunity to produce a full line of fiberglass reinforced parts (FRP) under the Chariot banner. Our potential revenue is increased multifold because of the ability to simultaneously produce multiple products with the additional tooling. As we have previously noted, because of the fiberglass production constraints such as setting and curing requirements, we are limited in the number of trailers that can be produced with current tooling. This addition allows cash flow and revenue increases to be immediately improved, while new molds are being built for trailer production."
Smith continued, "The addition of the AFG molds has added several new wholesale customers to our list. Specifically, Dave Koorey Cars will continue to purchase the replica fiberglass car bodies from the various molds acquired. The vintage car and accessory business produced over $4 billion in 2002. The 10-year projection is that the industry will reach $15 billion. Vintage cars by Chariot Manufacturing will allow us to continue development of 'brand' recognition. Chariot Trailers will be a separate division from all other fiberglass products. Other products include twenty one van and camper tops and a number of boat products."
American Commerce Solutions, Inc. President and Chief Executive Officer, Daniel L. Hefner, stated, "Chariot Manufacturing is the beneficiary of an $848,000 asset purchase that will give Steve and his team the additional tools needed to better control cash flow and revenue generation. The new assets are being integrated into the workflow of Chariot and eliminating idle time in fiberglass production. These assets have produced millions of dollars in product and can do the same for American Commerce Solutions, Inc. (http://www.aacssymbol.com) of which Chariot Manufacturing Company, Inc. (http://www.chariot-trailer.com ) is a wholly owned subsidiary.
Tuesday October 5, 8:11 am ET
Bartow, Fla., Oct. 5 /PRNewswire-FirstCall/ -- American Commerce Solutions, Inc. (OTC Bulletin Board: AACS - News) today announced that its subsidiary, Chariot Manufacturing Company, Inc., has scheduled a meeting with a major automotive supplier to discuss the possibility of a joint venture.
Steven D. Smith, President of Chariot, stated, "We have scheduled meetings this month with a major automotive supplier to discuss the merits of a joint venture. These meetings have been postponed several times due to the series of intense storms that have plagued Florida this hurricane season. The proposed joint venture would expand the Chariot product line and open the doors to valuable new sales channels. This is the type of strategic relationship we can use to effectively grow the business while minimizing traditional growth risks. We were introduced to this firm through one of Detroit's 'Big Three' automakers. It is our objective to position Chariot as a major player in the specialty trailer market. As with all successful business relationships, both parties must benefit. Chariot brings 29 years of innovation and quality, as well as an established and recognizable brand. We all recognize the strengths that come from a relationship with the automotive industry. We feel this business opportunity will help us achieve our objective of becoming that major player in the specialty trailer market."
Thursday October 7, 9:16 am ET
American Commerce Solutions, Inc. is a holding company with two wholly owned subsidiaries: International Machine and Welding, Inc. and Chariot Manufacturing Company, Inc. Both companies are in the manufacturing segment and represent significant investment in assets and resources.
The company's business plan calls for growth by acquisition, and to that end, the company is currently negotiating with several acquisition targets.
Monday November 22, 10:12 am ET
BARTOW, Fla., Nov. 22 /PRNewswire-FirstCall/ -- American Commerce Solutions, Inc. (OTC Bulletin Board: AACS - News) today announced that its subsidiary, Chariot Manufacturing Company, Inc., has quantified the motorcycle trailer market, according to industry sources, at $800M+.
Steven D. Smith, President of Chariot, stated, "We have explained our sales and marketing strategy for 2004 and 2005. 2004 was a year of testing certain portions of a comprehensive strategic plan. Based on the success of the first phase of the plan implementation, we could determine the right combination of tooling and infrastructure required to support the anticipated volume generated from full implementation. If the first phase was less than successful, we could adjust our approach. In either case, we could proceed with full confidence that our objectives would be achieved without wasted investment. We are in this market for the long haul; therefore, we feel there is no other option than to make carefully calculated moves. Since the first phase of the plan was a success, we know precisely what is required to support our 2005 forecast.
"I would like to outline our primary target market, motorcycle trailers. Many do not realize how large this market truly is. According to industry sources, in 2001 there were 788,000 motorcycles sold. The statistics are as follows: 62% (or 488,560) of those were for highway use, 31% were for off-road use and the balance were scooters and other two-wheel machines. Of the 488,560 highway motorcycles sold, over 50% were cruisers and the balance were sport bikes. While all motorcycles represent potential customers for Chariot, statistically, the most likely customer is the owner of a cruiser. This means a minimum potential of 244,280 units per year, plus some percentage of the other motorcycle types. If you consider an average selling price across our line of motorcycle trailers of $3,400, this market segment represents a potential of at least $830,552,000 per year. While this number is very strong, it does not consider the number of existing motorcycles in the market, or the fact that the market has grown by an estimated 15% per year since 2001. The typical customer is a 'baby boomer.' They have the greatest concentration of disposable income and net worth, and they are reaching an age where they have the time to enjoy the fruits of their labors. Traveling in the comfort of an SUV or luxury car, with bikes in tow, allows them greater flexibility. They can travel in inclement weather and have room to carry luggage. The Chariot trailer provides the greatest feature set and the best value in class for this application. To capture even a small percentage of this market means significant growth potential for Chariot.
"Any good strategy will not concentrate all of its eggs in one basket. That is why, even though this particular market is quite substantial, we have developed products to meet the demands of other niche markets, such as our Fiber Optic Repair Station and Landscape Trailer. We are working on two other application specific trailers as well to further expand our market. We are reviewing several options such as strategic partnerships to help us reach our potential more rapidly and to help us manage some of the challenges in serving such a broad and diverse market."
American Commerce Solutions, Inc. President and Chief Executive Officer Daniel L. Hefner stated, "The unique features of Chariot's trailers coupled with their flexibility make them suitable for a wide range of applications. The initial focus on the motorcycle market gives us the quickest potential return on investment. This market has grown rapidly over the last few years and is expected to continue its growth for the foreseeable future. Chariot already has a presence in the market and is positioned well to take full advantage. However, we are not stopping there. Steve and his team are continuing to develop trailers for other applications that also have substantial market opportunities. This demonstrates Chariot's commitment to growth."
Chariot Manufacturing Company, Inc. (http://www.chariot-trailer.com) is a wholly owned subsidiary of American Commerce Solutions, Inc. (http://WWW.AACSSYMBOL.COM)
Tuesday December 7, 8:45 am ET
BARTOW, Fla., Dec. 7 /PRNewswire-FirstCall/ -- American Commerce Solutions, Inc. (OTC Bulletin Board: AACS - News) today announced that its subsidiary, Chariot Manufacturing Company, Inc., is ready to begin marketing the Eagle Boat.
Steven D. Smith, president of Chariot, stated, "After months of development and testing, we are pleased to announce that we are ready to begin offering our Eagle Boat to a vast and expanding fishing boat market. The primary application for the Eagle Boat is for flats fishing; however, its performance makes it feel like a 'sports car on water.' In addition to the highly aesthetic styling, speed and handling characteristics, it has appealing functional features as well. The Eagle Boat was designed with live wells that are lighted and aerated, lockable rod compartments, an anchor compartment and full instrumentation. The pole platform was designed with a unique feature that allows the fisherman to 'pin' the boat in position and pivot around that point while fishing. The compartments are removable, another unique feature, allowing more efficient construction and easier maintenance. Should a conventional flats boat sustain hull damage, the deck and hull would most likely have to be separated. This is a costly and time-consuming process. The Eagle Boat can be repaired by simply removing compartments to gain access to the hull.
"We are focused on specific niche markets, as with all Chariot products, that provide substantial volume opportunity and higher than industry standard margins. By selecting these target markets and delivering a premium product, we feel we can maintain exceptional margins while at the same time, providing a good value to the customer," he added. "We expect the average selling price for the Eagle Boat to be in the $15,000 range, for the basic boat before options. Fully optioned boats with motors and accessories can run well over twice the base price.
"The Eagle Boat provides Chariot and American Commerce Solutions with additional product diversification. The Eagle Boat was engineered and tooled by AFG and was acquired in July of this year," Smith said. "It has undergone months of testing and evaluation before we felt it was ready to market."
American Commerce Solutions, Inc. President and Chief Executive Officer Daniel L. Hefner stated, "The unique features of the Eagle Boat fit well with the demands of the market and the production of boats fits well with Chariot's line of fiberglass trailers. This will enable us to exploit maximum production efficiency. Steve and his team are continuing to develop products for other applications that also have substantial market opportunities. This demonstrates Chariot's and American Commerce Solutions' commitment to growth."
Monday January 3, 6:30 am ET
BARTOW, Fla., Jan. 3 /PRNewswire-FirstCall/ -- American Commerce Solutions, Inc. (OTC Bulletin Board: AACS - News) today announced that its subsidiary, Chariot Manufacturing Company, Inc., has negotiated a strategic partnership with ETEC, manufacturers of the Bike Pro self-locking wheel chock.
Steven D. Smith, President of Chariot, stated, "We are pleased to announce our strategic partnership with ETEC, the manufacturer of the popular Bike Pro self-locking wheel chock. Bike Pro will be offered as an upgrade to our standard wheel chock. The wheel chock is a device that secures the front wheel of the motorcycle in the trailer. The bike can then be tied down. With the Bike Pro, the front wheel of the bike is "locked" in place. The tie down procedure is much quicker, safer and easier. We have tested many self-locking devices and found the Bike Pro to be the most versatile and cost effective. ETEC showcases a Chariot trailer in the Bike Pro literature and on their web site. The Chariot trailer is prominently featured on their web site at http://www.etec.ca where you can select Bike Pro, then Photo Gallery, then Chariot to see the CS14 Open with the Bike Pro. Chariot will continue to offer the most outstanding features for its trailers by developing strategic partnerships with quality companies like ETEC."
Tuesday January 4, 6:30 am ET
BARTOW, Fla., Jan. 4 /PRNewswire-FirstCall/ -- American Commerce Solutions, Inc. (OTC Bulletin Board: AACS - News) today released preliminary results of operations for the third quarter ending November 30, 2004 showing an increase in revenue in excess of 50% over the same quarter in 2003.
Daniel L. Hefner, President and Chief Executive Officer of American Commerce Solutions, Inc. stated, "On a preliminary basis, pending review, we are pleased to announce a dramatic increase in consolidated net sales of ACS over the same period in the prior year. Following a second quarter increase of 77% with these results indicates a trend that we hope repeats on a regular basis."
Hefner continued, "Quarterly results continue to improve over prior year operations. According to company books and records, the consolidated financial statements show a substantial increase in revenue and gross profit, while decreasing sales, general and administrative expenses by 17%. Interest expense and net losses have both been reduced from the same quarter in 2003."
Reviewed third quarter results will be released in the next ten (10) days on Form 10QSB according to Hefner.
American Commerce Solutions, Inc. maintains websites http://WWW.AACSSYMBOL.COM and http://www.chariot-trailer.com .
Thursday January 6, 6:30 am ET
BARTOW, Fla., Jan. 6 /PRNewswire-FirstCall/ -- American Commerce Solutions, Inc. (OTC Bulletin Board: AACS - News) today announced that its subsidiary, Chariot Manufacturing Company, Inc., held a successful meeting with a major automotive supplier.
Steven D. Smith, President of Chariot, stated, "The hurricane-delayed meeting with a major automotive supplier has finally taken place. During the meeting, various options relating to a joint business strategy were explored. The meeting was very productive. We are in the process of drafting an outline, whereby we can define the details of a formal relationship. Since we are under a Non-Disclosure Agreement, we cannot divulge the details, or the name of the company involved. We are excited about the possibility this presents to Chariot and to American Commerce Solutions. We feel partnerships allow us increased opportunities for growth. Chariot was recommended to the group by one of the domestic auto makers because of the quality of its product and its aggressive business model."
Tuesday January 11, 6:30 am ET
BARTOW, Fla., Jan. 11 /PRNewswire-FirstCall/ -- American Commerce Solutions, Inc. (OTC Bulletin Board: AACS - News) today released reviewed results of operations for the third quarter ending November 30, 2004 revealing a continued growth trend over same quarter results in 2003.
Daniel L. Hefner, President and Chief Executive Officer of American Commerce Solutions, Inc. stated, "Consolidated net sales of ACS continue to increase dramatically over the same period in the prior year. Third quarter results show a 52% increase. Even when adjusted to remove Chariot revenue, the revenue of International Machine and Welding, Inc. was 36.5% higher than the prior year."
Hefner continued. "We have been very encouraged by the continued growth that we are experiencing. The accumulative growth for the nine months ended 11/30/04 is a remarkable 55.3% over the prior year nine month tally. Gross profit increased by over 17% for the quarter and a 26.9% for the nine month period. Losses from operations were reduced by over 30% for the most recent quarter reflecting the benefit of spreading overhead over a broader sales base and the improved quality of the sales recorded."
According to the 10QSB filed late Monday, the consolidated financial statements show an increase in revenue and gross profit, while decreasing interest expense, sales, general and administrative expenses and net losses.
Hefner continued, "We have entered the fourth quarter with a trend that we fully expect to continue. Although we will not be satisfied until we are maintaining consistent growth combined with profitability, we will finish the fiscal year in record breaking fashion. Each passing day we become more refined in our operations and better set the stage for successful implementation of the corporate business plan. In addition to the improved financial statement of operations we have maintained our pledge to manage to the balance sheet. Through the third quarter, current assets are up 18.1% while both property and equipment and total assets increased by 7.2%. Stockholder equity remains in excess of $3.2M."
Hefner stated that the assets acquired from Affordable Fiberglass Group have not figured into the revenues stated in the third quarter operations. It is expected that the impact of these assets will be felt significantly in the coming months.
Wednesday January 12, 6:30 am ET
BARTOW, Fla., Jan. 12 /PRNewswire-FirstCall/ -- American Commerce Solutions, Inc. (OTC Bulletin Board: AACS - News) today announced that its subsidiary Chariot Manufacturing Company, Inc. has begun to target Relief Agencies and Homeland Security as a market for its lightweight fiberglass trailers.
Steven D. Smith, President of Chariot, stated, "We have opened discussion with a number of government contractors and agencies to provide trailers for several specific applications. Our trailers are well suited for these applications because of their light weight (they will carry more payload than conventional trailers); they are stronger, plus the walls and top are insulated with 1/2" of dense urethane foam. This means that they can be used in situations where temperature extremes are experienced. Applications range from mobile office/sleeping quarters to mobile communications equipment to surveillance. The fact that we have the ability to custom configure the trailer to the application gives Chariot a significant advantage over conventional trailers. We have seen the need for this type of support first hand this year with three major hurricanes inflicting heavy damage in our own back yard. Chariot trailers are made here in the United States, with components made here in the United States. It is fitting that they be a part of these critical efforts. The missions of these agencies from Homeland Security to Disaster Relief affect us all in one form or another. We are proud to be considered for a role in supporting these efforts."
Thursday January 13, 10:25 am ET
BARTOW, Fla., Jan. 13 /PRNewswire-FirstCall/ -- American Commerce Solutions, Inc. (OTC Bulletin Board: AACS - News; ACS) today revealed the results of recent meetings between key consultants and company officers.
We remain convinced that AACS represents a tremendous value for those acquiring or holding shares at these prices. However, we have been extremely concerned with the stagnate share price of AACS. It is very frustrating to know that our shareholders have not been able to realize the true value of their holdings in AACS. To address that issue, we have begun a series of consultations to consider viable solutions to address the issue," said American Commerce Solutions' Chief Executive Officer and President, Daniel L. Hefner.
Hefner continued, "We are confident that our business plan has merit and will continue to create value for our shareholders. We expect to have funding available in sufficient quantity and under acceptable terms in the near term to advance our programs. Funding opportunities and options have been made known to the Board of Directors and are being considered at this time. Upon receipt of acceptable funding in fiscal 2005, the ACS Board of Directors is considering a buy-back of its common stock. Although no specifics were given, this move is expected to bolster shareholder confidence, as well as send a positive message to potential investors."
Hefner also noted that discussions included review of the company position of growth through acquisition. Continuation of this policy was reinforced in the meetings with acknowledgement that negotiations are continuing for acquiring an interest in a fiberglass recycling company, as well as other ongoing acquisition negotiations.
Friday January 28, 8:13 am ET
BARTOW, Fla., Jan. 28 /PRNewswire-FirstCall/ -- American Commerce Solutions, Inc. (OTC Bulletin Board: AACS - News) wholly owned subsidiary International Machine and Welding, Inc. today
announced that it has begun a program of capacity expansion.
International Machine and Welding President John Shearer explained: "Based on the demonstrated demand in the market for International Machine and Welding's unique capabilities, we have begun a program of strategic expansion. We have upgraded the overall electronics and digital readouts on our largest vertical mill. These upgrades will vastly improve machine efficiencies on a mill capable of machining items 16 feet high, 20 feet in diameter, and up to 100 tons in weight. We are now in the process of decommissioning equipment that is used very little to free up floor space for the addition of at least two more large capacity machines. The first consideration, a 121" swing Betts vertical boring mill, will compliment our existing large-capacity machines. This will have a positive impact on sales as we have turned opportunities away due to current capacity constraints. The second machine is a 54" turret lathe that will allow us to penetrate two important target markets in the maritime and utilities sectors."
Shearer continued, "In addition to the increased capacity, we have planned facility improvements that will have a positive impact on productivity, including better ventilation and electrically operated bay doors. IMW suffered substantial damage through last year's hurricane season, yet in spite of lost production time due to facility damage and power outages, we were still able to show growth. With expanded sales initiative and an expanding market, we will be well positioned to take full advantage of these opportunities."
Shearer encouraged those interested to view photographs of International Machine & Welding at the company website, http://www.aacssymbol.com .
Friday February 25, 7:45 am ET
BARTOW, Fla., Feb. 25 /PRNewswire-FirstCall/ -- American Commerce Solutions, Inc. (OTC Bulletin Board: AACS - News) has posted its President's letter to its website at http://www.aacssymbol.com .
Daniel L. Hefner, President and Chief Executive Officer of American Commerce Solutions, Inc., stated, "Today I was able to post a general review of the last fiscal year, as well as the anticipated growth opportunities of fiscal 2005. It is my hope that each stockholder will read this letter and be renewed in their support for ACCS."
Hefner noted that the website and the President's letter should be consistent sources of current information about the company and its objectives.
TFN, MSEP, nice move with above average volume, congrats on that one
Well, Capt Nemo since it is obvious some of your pals seem to be the bashing side! Then maybe you should tell us who the pumpers are you dislike so much?
AACS Thank you subtlerise. This company appears to have solid fundamentals and very undervalued. With reading the CEO letter to shareholders appears he has something brewing and talking about the buy back of what few shares this company has makes me wonder?
You take a company like this that is solid and very undervalued with a beaten down pps and obviously loyal longs.
Now you look at market cap! Next you announce private funding and plenty of it! What makes the most sense because your company pps is not where it should be! You Go PRIVATE and announce plans of share buyback, hint hint!
Read this from President letter!!!!!
Let me explain. When a company is built on solid principles and a good business plan resulting in increases in revenue and profitability, protection of existing assets and addition of others, reduction of liabilities and creating an infrastructure that will accommodate opportunity and growth, that company would logically be viewed as a success by average business men using typical criteria for evaluation. However, if none of the above is known to an individual and they see a share price of $.02, the natural assumption and perception is that the company has minimal value.
This description is much like ACS. I know that many smirk when they hear that the share price is in the $.02 range and automatically assume the company to have little value. However, as soon as they hear about the asset base, the revenue, the continuously improving balance sheet and the business plan they get excited and realize that this is an unusual Bulletin Board company. Then they see that this company has not had its ‘breakout’ moment…that moment when a wide audience becomes aware of the significant under performance of the stock and decide to invest in the quality of the company and its management. When that happens, a break through of the seemingly impenetrable price per share barrier occurs and the longsuffering ‘longs’ are rewarded for their confidence and vision. I believe that that breakout moment is near for American Commerce Solutions, Inc.
We have an outstanding core group of long stockholders. The vast majority of you are in the stock at prices between 2 cents and 3 and one half cents. Most of you have been responsible for others becoming stockholders in AACS and I appreciate your confidence and loyalty. Many of you continue to add to your holdings in AACS on a regular basis and I am grateful. As you can imagine, I receive communication from many of you on a regular basis. At times you are irate and frustrated and at other times you express confidence and encouragement. I am happy to receive this feedback because it indicates that you have taken ownership and personal interest in your investment.
Our pursuit of nontoxic, suitable funding continues. Currently, we have two substantial sources with proposals on the table. One is a multimillion dollar equity line which can work with a substantial benefit as our stock price improves. The other is specific to the Chariot operation and is far more comprehensive in addressing the issues of expanding production capability and aggressively marketing its products. Attorneys are evaluating and advising in these current negotiations. Under one scenario, the funding would create a partnership and be paid in capital. Our eagerness to achieve funding will not cause rash decisions.
2005 will be an exciting year of dramatic growth and opportunity. Not all that is being explored can be discussed today. The anticipation that AACS will experience its ‘break out’ at any moment drives us to repeat our confident encouragement to our shareholders, “Hold on and trust your instincts. Sound management, a good business plan, solid balance sheet awareness, phenomenal growth potential and continuing outstanding opportunities will win the day. You have fought the fight, don’t miss the payoff.”
Sincerely,
/s/Daniel L. Hefner
Chief Executive Officer
All my opinion but this company reminds me of e machines! I was buying e machines at around .16! E machines at that time was debt free and profitable with new deals and strong. So what did they do? They went private! Shareholders walked off with $1.07!!!!
Very smart move!
All my opinion but read up about AACS! Trading at just over .02 hahaha, what a joke!!!! If it were me and had other financing like announced and especially since SHORTY seems so envolved in keeping good companies down, I would go private in a flash!!!!! Avoid the headache! While rewarding shareholders!
Mach Cobra
AACS::: I just got wind of this actually when I was doing research on another and like what I see.
O/S under 250mil
A/S 350 mil
float as low as 4 mil (if anyone can verify this please do.
Read website below and CEO letter
Talk about an undervalued stock here it is!
Company is profitable
Talks of share buyback
they have funding
PPS is way low as far as I can see, check out the market cap.
http://www.aacssymbol.com/index.html
Good luck all and as always never decide on buying or selling any stock without doing your own dd. My picks are all my opinion.
Mach Cobra
Nice, drillbit. Are you in?
EZTO: put out news just like he said and said more on Monday as well. Watch this one closely.
good luck all
http://www.alphatrade.com/news/SymbolNewsServlet;jsessionid=F0A3A5B7320A2F4056045662975A1DEA?frame=0...
PYST: nice
Press Release Source: PayStar Corporation
PayStar Updates Status of InfoStations (Kiosk) Division Divestiture
Friday February 25, 9:30 am ET
LODI, Calif., Feb. 25, 2005 (PRIMEZONE) -- PayStar Corporation (Other OTC:PYST.PK - News), one of the nation's growing providers of stored value debit cards, bank loading centers for prepaid ATM debit cards and kiosk marketing and management, announced today the spin-off of its InfoStations kiosk division is progressing on schedule. The companies involved in the spin-off are QTI Enterprises, LLC headquartered in Los Angeles and GMM, Inc., an investment firm based in Las Vegas, NV. GMM, Inc. is funding the project with a multi-million dollar commitment. PayStar has completed the due-diligence on the spin-off and the new public company will be named Info$tar Systems, Inc.
William D. Yotty, CEO and Chairman of PayStar, stated: ``This divestiture of PayStar's Kiosk division is on track and is expected to close by the end of first quarter. PayStar Corporation will retain considerable equity in Info$tar Systems Inc. The planned stock dividend will benefit our growing group of shareholders.'
PayStar is anticipating the completion of this divestiture by April 1, 2005. Info$tar Systems, Inc. will trade on the OTC market.
About PayStar
PayStar Corporation (http://www.paystar.com) provides its distributors and clients with a suite of prepaid, stored value products, national bank load center locations and Kiosk marketing and management. PayStar's GLOBALCash, Inc. (http://www.globalcash.us) distributes prepaid ATM debit and stored value cards that can be used just like regular credit cards. Prepaid ATM debit cards can be used everywhere major credit cards are accepted (stores, restaurants, theaters) and online. PayStar is a partner in a prepaid ATM debit card program for a national government project that will enable millions of underserved and subsidized housing individual's access to prepaid ATM debit cards. PayStar's corporate and distributor sales, as well as mergers and acquisitions, will continue to drive growth.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of known and unknown risks and uncertainties that may cause the company's actual results or outcome to be materially different from those anticipated and discussed herein. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry.
Contact:
PayStar Corporation
B. Thomas
(209) 339-0486
bthomas@paystar.com
--------------------------------------------------------------------------------
Source: PayStar Corporation
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EZTO: thanks drillbit, this is cool about the video auction, great idea. One thing for sure EBAY has grown big and Greedy and an auction like this may just be the ticket. There was an auction type stock about 2 or 3 years ago I bought into, it was trading at a few cents, then in about 2 or 3 days it topped out at $1.20 does anyone remember the name??? That was a fun one and can't remember the name of the stock?
tavycal, yes actually I did post # 3280
good luck
Weird Bo, sure I will call them! If you could pm me the phone numbers and names. I sold this stock but may want back in, wow! Gotta run be back in a while
EZTO:: I had called Mr. Otto Behlen of EZ2 companies earlier and left message, He did call me back.
Fist of all:
O/S 109 mil
A/S 500 mil
float 39 mil, nice!
We chatted for a while and got what I could, he seemed very hush hush, but did state!
News tomorrow morn and then on Monday!
Company will be headed toward Big Boards
They are doing an EBAY type "Video" Auction with lower prices
He said "quote" we plan on taking a lot of business from EBAY!
This man seems very sure of himself and talked about how the company is undervalued and that wont' last long!
I tried to get a clue on News both tomorrow and Monday and nothing much from him, but it is good.
Well all, that is the jest of it! EZTO had a nice run today and seems the pps has been much higher and when I asked him if they were profitable he said ( depends what you mean profitable, we have different avenues so yes we are!)
good luck all and as always do your own dd and never listen to me or anyone else soley on buying or selling a stock.
Mach Cobra
needdiamonds, dry mouth was setting that up and not sure what is going on there. I sent IM to drymouth this morn and no reply. I do know sterling tried calling me last night but I was not home. He is researching some I think and maybe getting in first. Not sure. This price here is stable and does not bother me in the least, other than not swinging it like a lot no doubt are.
Good luck
Hey skibum, I talked with drymouth yesterday about the interview and have not heard if yet, I did IM him earlier and no reply. It will be in the Sterling chat room if he set it up.
Grandkids are doing awesomly well thanks for asking
willhub, not sure yet, but talk of some powerful news tomorrow. I am trying to call the company
Zentman they look interesting and very strong today. What do you know about them if much,
thanks
EZTO: looks very interesting, suppossedly another ebay type or something.. up a penny for the day and appears very strong. Appears lots of talk on Niz's
bring on the certs, that would be interesting
drillbit, I could not agree with you more at these prices especially on GEMM
That is right Melvis and he is not hanging out, he will be on via phone to share what he can and to me nothing wrong with that especially in the pink world. I view it as good because so many hearing the word boo will sell these type of stocks.
It is a one time deal
PYST: I talked to the CEO again this morning for a while. I really like what I hear and all we need is news on contracts being signed with purchase orders and off to the races here, my opinion.
I asked Mr. Yotty if he would come into the Sterling chat in front of hundreds of people and he said sure. Drymouth is setting it up right now and as far as I know will be tomorrow night around 7 pm PST. Drymouth will let us know. Mr. Yotty appears very confident about the companies future, this is easy to see.
Good luck all and as always do your own dd and those that bought again on this dip, nice!!!
Mach Cobra
Good question, you tell me why they were lined up there?
PYST:: I just got off the phone with Mr. Yotty. We talked for a bit and he said should see a pr tomorrow. He also said he has plenty of PR'S and of course can only say so much.
With talking to him he said look back to December about the PR about the HUD contract with the 10 mil plus revenue, I think maybe this is what we will be seeing next several days by listening to Mr. Yotty. IMO.
I like what we see here and one thing Mr. Yotty did say to me is we will be profitable in the 2nd quarter. "I like that"
We talked about what XLPI did. I brought it up and asked him if possible to get the Revenue PR's coming, hint hint, wink wink. Told him about XLPI running from .01 to .10 in days on announcement of 1.5 mil contract. "think about that"
Last thing is I asked him if he would come into a chat and share with us and he said OH YES, but did say you know there are certain things I can't talk about, which we know! Anyway he said he would be happy to.
Once again as always do your own dd and decide for yourselves on any stock purchase or sell. All this is what I hear when I speak to a ceo, but the proof is in the pudding, or this case the pr, lol.
good luck all
Mach Cobra