posted
BARTOW, Fla., June 7 /PRNewswire-FirstCall/ -- American Commerce Solutions, Inc. (OTC Bulletin Board: AACS) today announced the acquisition of Crystal Clear Entertainment, Inc. and the assets of its subsidiary operation, Elite Distribution Group from Blue Flame Enterprises, Inc. American Commerce Solutions, Inc. President and Chief Executive Officer, Daniel L. Hefner reported today that Crystal Clear Entertainment, Inc. was acquired over the weekend for an undisclosed amount of common and Preferred stock. "We are pleased to announce the successful conclusion of many months of quiet negotiations that has culminated with Crystal Clear Entertainment becoming part of American Commerce Solutions, Inc. The acquisition of Crystal Clear Entertainment opens the door to a vast new revenue stream as well as bringing some much needed 'sizzle' to heighten our appeal to the investing public. Crystal Clear and Elite Distribution bring unaudited assets estimated to be in excess of $3 million on a cost basis. Projected revenue for the next twelve months is $3.1 Million." Jeffrey Bartrum, President of Blue Flame Enterprises (BFE) commented, "American Commerce Solutions, Inc. has today taken the first step into the multi-billion dollar entertainment industry. After working and negotiating with these gentlemen since last September, I am confident that Mr. Hefner and his team of professionals will successfully implement the Crystal Clear Business Plan and reap the benefits that this exciting industry can yield." Crystal Clear Entertainment President, Richard Papaleo, further stated, "Those of us at Crystal Clear that have been privy to the on-going negotiations between American Commerce and Blue Flame Enterprises have anxiously awaited this day. We are elated to be part of the American Commerce Solutions family of companies. Crystal Clear brings a new dimension to ACS. Our experience in the entertainment industry, coupled with the structure and management back-up of ACS will allow us to attract, develop and capitalize on the many opportunities that come our way." According to Hefner, Crystal Clear comes with a one million dollar funding commitment in place. Hefner continued, "Specific details of the acquisition will be filed in an 8-K with the SEC in the next couple of days. We will continue to negotiate with Blue Flame on other potential acquisitions and anticipate an additional announcement in that regard."
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. -0- 06/07/2004 /CONTACT: Daniel L. Hefner, President and Chief Executive Officer of American Commerce Solutions, +1-863-533-0326/ (AACS)
CO: American Commerce Solutions, Inc.; Crystal Clear Entertainment, Inc.; Blue Flame Enterprises, Inc. ST: Florida IN: AUT FIN ENT OTC SU: TNM
------------------ Due Da Due......But Be Quick About It!!!!!
posted
AACS - AMER COMMERCE (OTCBB) Date Open High Low Last Change Volume % Change 06/04/04 0.03 0.03 0.03 0.03 +0.00 1813700 +7.69%
Composite Indicator Trend Spotter (TM) Hold
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Hold 20 - 50 Day MACD Oscillator Hold 20 Day Bollinger Bands Hold
Short Term Indicators Average: 40% - Buy 20-Day Average Volume - 713765
Medium Term Indicators 40 Day Commodity Channel Index Hold 50 Day Moving Average vs Price Hold 20 - 100 Day MACD Oscillator Hold 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 25% - Buy 50-Day Average Volume - 1189560
Long Term Indicators 60 Day Commodity Channel Index Hold 100 Day Moving Average vs Price Hold 50 - 100 Day MACD Oscillator Hold
Long Term Indicators Average: - Hold 100-Day Average Volume - 1750765
posted
American Commerce Solutions, Inc. Acquires Affordable Fiberglass Group Friday June 25, 8:53 am ET
BARTOW, Fla., June 25 /PRNewswire-FirstCall/ -- American Commerce Solutions, Inc. (OTC Bulletin Board: AACS - News) today announced the acquisition of the assets of Affordable Fiberglass Group.
American Commerce Solutions, Inc. President and Chief Executive Officer, Daniel L. Hefner, reported that Affordable Fiberglass Group has been acquired for a combination of stock, debt forgiveness and cash.
"The acquisition of AFG shows our commitment to our fiberglass segment. This acquisition provides ACS with the tooling and equipment that will accomplish two primary objectives. The first is to allow us to capture more of the margin on sales of Chariot Trailers since AFG has been the sole manufacturer of fiberglass parts for Chariot. The second is to open additional wholesale and retail fiberglass sales opportunities with the potential of millions of dollars in new revenue. However, we will not project revenue and profits until we have had the opportunity to evaluate the true impact that AFG will have on Chariot and prioritize the production options that the AFG assets afford us," Hefner commented.
AFG has been a provider of fiberglass parts to multiple industries, including trailers, boats, vintage cars and van tops, since 1998. Founder and owner, Kenneth W. McCleave, will remain involved with AFG under a two-year agreement specializing in product development, quality control and personnel development.
"Kenny's expertise in all facets of the fiberglass trades makes him a valuable part of the ACS team. We have used Kenny's experience to enhance the Chariot product line because he has built literally hundreds of the units from his Tampa facilities and is aware of all the little nuances of fiberglass production," remarked Steven Smith, President of Chariot Manufacturing Company, Inc.
Affordable Fiberglass Group has produced Nimble Sailing Yachts, Chariot Trailers, Dave Koorey Street Rods and Eagle Boats as well as products for many lesser-known companies.
"The benefits of this acquisition will be felt immediately in the production of Chariot Trailers," Hefner stated, "but time will prove the true value, as other company-owned product lines such as Eagle Boats and vintage cars are developed and marketed. AFG will be marketing in both the wholesale and retail markets."
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
