I grabbed some at .025, nice run this morning, also there was a small afternoon alert during dip indicating that ledbed would be running a promo on it. that may start some momentum we shall see...
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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revenues up 50% this should run this morning and last for a few days, a break of 3 should encourage a break out, this bounced off 3 yesterday.
American Commerce Solutions, Inc. Releases Preliminary 3rd Quarter Results
BARTOW, Fla., Jan 04, 2005 /PRNewswire-FirstCall via COMTEX/ -- American Commerce Solutions, Inc. (OTC Bulletin Board: AACS) 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.