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LOL, I like that name
AACS news
September 24, 2003 12:24:00 (ET)
BARTOW, Fla., Sep 24, 2003 /PRNewswire-FirstCall via COMTEX/ -- American Commerce Solutions, Inc. (OTC Bulletin Board: AACS) today released preliminary results of operations for the second quarter ending August 31, 2003.
Daniel L. Hefner, President and Chief Executive Officer of American Commerce Solutions, Inc. stated, "Based upon our preliminary review, we are pleased to announce that ACS' wholly owned subsidiary, International Machine and Welding, Inc. will report substantial improvement in the efficiency of the operation compared to the same six-month period last year. Although sales have been sluggish in the first half of the year, our employees have made the most effective use of the resources available to them and maximized the revenue available."
"With revenue off by over $218,000 or 19.3% for the six-month period, one should expect that all would be disappointed. However, that is not the case with International Machine and Welding, Inc.," Hefner continued. "Cost of sales was reduced by $241,000 from 59.0% to 46.69%, more than making up for the lower revenue. Additionally, gross profit increased from 41.0% to 53.31% over the same period in 2002. Finally, the net operating loss for the six months ended August 31, 2003 is $106,843 compared to same-period losses from operations of $559,316 at August 31, 2002. Losses were reduced by $452,443 or 80.9%," Mr. Hefner explained.
According to Hefner, the Board of Directors of American Commerce Solutions, Inc. has endorsed and implemented, through an experienced management team, a program of sales and operation that places emphasis on generating sales that make use of the more unique machinery in the shop. A horizontal lathe capable of turning a 55-foot long metal shaft with an 11-foot outside diameter and a vertical boring mill that can hold a component equivalent in size to a full size sports utility vehicle are just two of the pieces of equipment that make International Machine and Welding, Inc. an industry standout in the Southeast. By generating more high profit sales, the reduced revenue had substantially less impact than would normally be expected. The machines referenced may be seen at the company website, WWW.AACSSYMBOL.COM .
"I don't want to leave the impression that we are satisfied with the reduced revenue. It is our goal to continue the efficiencies that have been started and build the revenues with improved margins. We want to stop talking about 'less losses' and talk about 'profits'. Meanwhile, we will continue to reduce debt, improve cash flow, cut losses and build on solid fundamentals. We owe no less to our employees, our stockholders or ourselves," Hefner said.
Hefner emphasized that the results are preliminary and subject to adjustment before the filing of the 10QSB in October.
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.
SOURCE American Commerce Solutions, Inc.
Daniel L. Hefner, President and Chief Executive Officer of
American Commerce Solutions, +1-863-533-0326
/WEBSITE: http://www.aacssymbol.com
(AACS)
Copyright (C) 2003 PR Newswire. All rights reserved.
RNKE- been trying in-between, no fill stingy bastages
CYTP-in for a little @ .0041
ADVC back to where it started yesterday
I'm only holding one stock right now and it's not a subber, I splurged Big Time yesterday, bought one @ .095..LOL
All out ADVC here also
Mine just locked up and had to re-login
Out AFRR and the rest of ADVC
IVOC falling hard
[Suppressed Sound Link]
IBZT, MXDY, ADVC gapping, damn..what's not gapping
MXDY News
Maximum Dynamics, Inc. Acquires Unilogic Solutions (Pty), Ltd.
Market Wire, Wednesday, September 24, 2003 at 07:58
Maximum Dynamics, Inc. (OTC BB: MXDY),
a financial services company that supports the financial community with
back office fund administration and client side support, announced today
that it has signed an agreement to acquire a majority ownership of Unilogic
Solutions (Pty), Ltd. ("Unilogic"). After the transaction is complete,
Unilogic, which is a South African Proprietary Limited Company, will be a
majority controlled subsidiary of Maximum Dynamics ("Maximum").
Under the Agreement, Maximum will acquire 51% of the stock currently
outstanding in Unilogic for a total of $204,000, of which $132,000 will be
paid with 6,000,000 shares of Maximum's common stock and the remainder
being paid in cash in equal payments over the next 12 months.
Unilogic has developed a suite of electronic content management and
business workflow software applications that overlap in functionality with
Maximum's software system Datalus. These software applications target other
markets not currently being addressed by Datalus, such as human resource
management, insurance claims processing, corporate procurement and supply
chain management, employee labor relations, debt management, contracts
management and loan application process management.
"We are so excited about this acquisition because there is such an
excellent fit strategically, technologically and perhaps most importantly
in terms of synergy," said Joshua Wolcott, Maximum's Chief Financial
Officer, who just returned from South Africa where he helped complete the
acquisition. "Management of both companies shares the same vision and
values, which made completing the deal much easier. Without this, I think
it would have been harder to complete because the valuation was tricky. You
have a company with recent revenue generation but very substantial amounts
of business in the pipeline. While I was there, Unilogic presented
proposals to five new companies, including three huge potential accounts.
In the end, we got the deal done because we all focused on the bigger
picture."
Unilogic's business in the pipeline consists of eleven proposals under
consideration and fourteen proposals that were recently submitted. Of the
proposals under consideration, Unilogic has made the short-list on every
single one, including three large, multi-year contracts. With an 80%+ close
rate on proposals, Unilogic's management expects to be closing on several
business contracts before the end of 2003.
"The companies that Unilogic is sitting down with speaks volumes about
their ability to not only create valuable technology solutions but more
importantly to sell them," said Eric Majors, Maximum's Chief Executive
Officer. "I think our ability to leverage our company and network to help
augment their sales capabilities and build out their infrastructure is what
makes our relationship special. Together, we have been able to get in front
of decision makers for enormous contracts that we would both be unable to
do on our own."
Management of Unilogic will be left intact with operations remaining in
Cape Town, South Africa. Maximum Dynamics will move part of its operations
into Unilogic and base the rest out of RHT Management Services, an
accounting group with which it recently formed a strategic partnership.
For more information on Maximum Dynamics, visit the company's website at
http://www.maximumdynamics.com.
For more information on Unilogic Solutions, visit the company's website at
http://www.unilogic.co.za/.
This press release may contain forward-looking information within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the safe harbor created
by those sections. Maximum Dynamics assumes no obligation to update the
information contained in this press release. Maximum Dynamics' future
results may be affected by its ability to continue to implement its hedge
fund administration services, its newly acquired Internet marketing
capabilities, its dependence on procuring highly competitive hedge fund
administration contracts, its dependence on hiring and retaining qualified
professionals, potential fluctuations in its quarterly operating results,
its dependence on certain key employees and its ability to timely and
effectively integrate the businesses it may acquire.
Joshua Wolcott
Maximum Dynamics, Inc.
Tel: 303-733-3484
Companies or Securities discussed in this article:
Symbol Name
BB:MXDY Maximum Dynmanics (BB)
Good Morning .02'ers
Good day today and let's hope for a better one tomorrow..
Git-R-Done
It's called LUCK...LOL
AFRR- picked up some @ .0067
ADVC ASk getting hit
In TTXI .095
ADVC out 3/4 @ .004
ADVC Bid support now @ .004
ADVC 2 mm to .005 weeeeeeeeeeeeee
ADVC there's GNET again
Only 2 mms @ .004 ADVC
ADVC UT .0036x.004 yeeeeehaaaaaw
ADVC 1 mm left before .004 go you little PO§
ADVC UT .0033x.0037 2 mms to .004
ADVC 2 mil @ ASK CLYP moved to .0038 again
ADVC- Ask getting hit pretty good, only 3 mms to .004
Well GNET WAS there
ADVC- GNET just joined in on the fun, only see on the bid side, don't think GNET has been here until now
ADVC- needs to get past that .0035 mark
ADVC UT on the bid .0033x.0034
And the one that left is CLYP, move you PO§
We are just SLOW Capt.
I think it is SSPC now since it went to pinks
I've done PM and aftermarket in the past on ones in the .05-.10 range, it's been a while
Yup, most we buy cost more to buy than what they are worth
I can buy BB's PM but they charge a half cent commission which kinda defeats the purpose
ADVC UT .0034x.0035
ADVC UT .0032x.0035