SOURCE: American Commerce Solutions, Inc.

July 09, 2007 11:30 ET

ACS Releases Preliminary 1st Quarter Results

BARTOW, FL--(Marketwire - July 9, 2007) - American Commerce Solutions, Inc. (OTCBB: AACS) today released preliminary results of operations for the first quarter ending May 31, 2007, showing an increase in revenue in excess of 18 percent over the same quarter in 2006.

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 that revenue increased from $649,346 to $767,362. This is an increase of $118,016 or 18.2 percent over the same period in 2006."

Hefner continued, "The first quarter results show an improvement over prior year operations in both subsidiaries. IMW revenue increased by 13.7 percent, while Chariot increased by 92.7 percent. According to company books and records, the consolidated financial statements show not only a substantial increase in revenue, but also gross profit. Gross profit increased by 29.2 percent from $218,835 in 2006 to $282,731 this year."

Reviewed first quarter results will be released in the next week on Form 10QSB according to Hefner.

American Commerce Solutions, Inc. maintains websites WWW.AACSSYMBOL.COM and www.chariot-trailer.com.

ACS Strategic Partner, American Fiber Green Products, Inc., maintains a website at www.americanfibergreenproducts.com.

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.

Contact Information

  • Contact:
    Daniel L. Hefner
    813-244-9843