posted
it looks like it peeked its head up over the upper bollinger band and has more volume than almost the last month.. plus news.. does that usually mean a good runner.. ?
still learning.. the main question is about the bollinger band is that a resistance point and after that all bets are off..??
posted
New investory sorry locked your older thread. for a sell price not sure for you, but, to me it looks like the hype has just begun. should have a nice afternoon run. I''m hoping it breaks .03 then it should run
[This message has been edited by keithsan (edited January 03, 2005).]
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.
posted
not a great day, surprising with this news. anyways the companies revenue increased and their O.S and float are tiny. I think the O.s may actually be 13 million higher now but that is microscopic for a revenue generating penny at this price.
Average Volume (3 month): 2,512,636 Average Volume (10 day): 1,781,000 Shares Outstanding: 156.15M Float: 45.70M % Held by Insiders: 70.73%
posted
Ya its amazing that it has not made a run, especially with the news. The Market as a whole has had a Bad start to the new year. But atleast it has not gone down since we bought, thats better than the rest of the stocks i have bought this week!
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posted
Chariot Manufacturing Advances Discussions With Major Automotive Supplier 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. ADVERTISEMENT
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."
posted
Lets see if it moves on this PR, how many good PR's is it going to take to get this one in motion! Noticing very low volume today for most stocks I think people are getting scared!
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American Commerce Solutions, Inc. Files Third Quarter 10QSB PR Newswire - January 11, 2005 06:30
BARTOW, Fla., Jan 11, 2005 /PRNewswire-FirstCall via COMTEX/ -- American Commerce Solutions, Inc. (OTC Bulletin Board: AACS) 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.
"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
posted
I just got done reading it, was about to post it...LOL...looks very good, this one does not play well with news but hopefully this will just help its uptrend to keep moving! Still In!
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