International Machine and Welding, Inc. Releases Preliminary Results
05 3월 2007 - 9:51PM
Business Wire
American Commerce Solutions, Inc. (OTCBB:AACS) today released
preliminary results of operations for IMW, its wholly owned
subsidiary, for the fourth quarter and year-ending February 28,
2006. Daniel L. Hefner, President and CEO of ACS reported,
�International Machine and Welding has ended the current fiscal
year with its highest monthly revenue of the year at slightly over
$232,000. Gross revenue for this fourth quarter will exceed the
same period last year by 17.7% at $574,519. Subject to final
adjustments and prior to completion of the year end audit, the
preliminary review of the company records indicates that
International Machine continues to be cash flow positive for the
fourth quarter and for the year. We are proud of the effort of the
IMW team this year as they have managed to exceed total revenue for
last year by an average of $3,300 per month even though two of our
more significant production machines were off line for significant
rebuilds during a large part of the fourth quarter. Customer
satisfaction, generated by quality workmanship and on time
delivery, continue to be IMW�s �stock in trade�.� Information about
International Machine may be seen at the company website,
www.aacssymbol.com. The company�s other wholly owned subsidiary,
Chariot Manufacturing Company, Inc., manufacturers of highly
regarded fiberglass motorcycle trailers, maintains a website at
www.chariot-trailer.com . ACS also has a Strategic Partner
relationship with American Fiber Green Products, Inc. with web
presence at www.americanfibergreenproducts.com . AFGP has recently
filed SEC Form 10SB and will begin trading on the OTC Bulletin
Board in the near future. 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.
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