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Chariot Announces Results for Daytona Bike Week

BARTOW, Fla., March 31 -- Chariot Manufacturing Company, Inc., wholly owned subsidiary of American Commerce Solutions, Inc. (BULLETIN BOARD: AACS) , has released interim results from this year's Daytona Bike Week.

Steven D. Smith, President of Chariot, stated, "While we will be reaping the benefits from this year's Bike Week at Daytona Beach for months to come, the initial success was as we predicted. We have already taken orders for approximately 12 trailers, totaling just under $50,000, plus we have 10 dealer trailers scheduled for shipment, totaling just under $20,000. We believe many of these dealer trailers will be purchased quickly by customers we presented to during Bike Week. These events are not only a successful marketing venue for us, but they are equally successful for our dealers."

Smith continued, "One way to track the success of our Bike Week presence is to evaluate the number of individual sales presentations made. Tracking the presentations and collateral materials handed out tells us not only the number of prospects, but the breakdown in percentages of the types of trailers attracting attention. This ultimately helps us plan inventory and production levels. During the 10-day show, we made approximately 1,940 individual presentations, we gave out approximately 1,670 business cards and approximately 4,347 brochures; 39% were the CS-9, 4% were the CS14 Open, 25% were the CS10-6, 13% were the CS14, 18% were the CS-16, and 2% were the CS23. From this information, we are finding a growing interest in the larger multiple bike trailers. We also received a growing number of requests for trailers with sink, shower and toilet facilities. Due to increases in the raw material expense, we increased pricing for the CS-9, CS10-6 and CS14 Open trailers by approximately 15%. We were pleased with the initial results, which indicate the price increase has not dampened the buyer's enthusiasm. We will continue to build on the success of the event by following up and closing sales to individuals and to dealers we met during the 10 days in Daytona."

Chariot Manufacturing Company, Inc. ( ) is a wholly owned subsidiary of American Commerce Solutions, Inc. ( )