SOURCE: American Commerce Solutions, Inc.

May 01, 2007 09:20 ET

American Fiber Green Products Form 10SB Becomes Effective

BARTOW, FL -- (MARKET WIRE) -- May 1, 2007 -- American Commerce Solutions, Inc. (OTCBB: AACS) today announced that American Fiber Green Products, Inc. has passed the 60 day period from filing Form 10SB after which the Form 10SB becomes effective as an operation of law.

Daniel L. Hefner, President and CEO of American Commerce Solutions, Inc., stated, "We are now one step closer to the ultimate goal of active trading of American Fiber Green Products. Within the last few weeks, AFGP has filed an Amended Form 10SB at the request of the SEC, updating all financial information through December 31, 2006. Additionally, AFGP has filed its audited 10KSB for that same period. We anticipate additional comments from the SEC, but that does not change the significance of having the Form 10SB become effective. With the Form 10SB now effective, a 15c2-11 can be completed and filed, as well as application made for a trading symbol. Obviously, these actions are precursor to active trading."

Kenneth W. McCleave, Chairman of the Board of American Fiber Green Products, Inc., remarked, "There is great anticipation of making this opportunity available to the investing public. Step by step we have slowly and methodically marched forward and the excitement of this prospect abounds. With our team of professionals solidly performing, we are approaching that day with great expectation."

Mr. Hefner commented, "We will expeditiously respond to any SEC comment. Timing for completion of the 15c2-11 and receipt of a trading symbol will be announced as the time approaches. Many other strategic plans are under way simultaneous to these activities."

Information about AACS Strategic Partner, American Fiber Green Products, Inc. is available at www.americanfibergreenproducts.com.

American Commerce Solutions, Inc. maintains a website at www.aacssymbol.com for wholly owned subsidiary, International Machine and Welding, Inc. Chariot Manufacturing Company maintains a website at www.chariot-trailer.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