American Commerce Solutions Closes On Chariot Trailer

BARTOW, Fla., Oct. 14, 2003 -- American Commerce Solutions, Inc. (BULLETIN BOARD: AACS) today announced that the company completed the acquisition of Chariot Manufacturing Company, Inc. on Saturday, October 11, 2003.

President and Chief Executive Officer Daniel L. Hefner reported today that Chariot Manufacturing Company, Inc. was acquired over the weekend for an undisclosed amount of cash and Preferred stock. "We are ecstatic to finally be able to say that it is officially ours. Although delayed on several occasions, primarily due to scheduling conflicts, the closing was smooth and easy. Now the work begins! We have great expectations for Chariot Trailers as we seek to expand the products' market exposure and increase the production capability of the company. We will spend the next several months continuing the process of upgrading the tooling, marketing materials and the production facility. These plans have been in place for some time, but were put on hold pending closing," Hefner stated.

Continuing, Hefner said, "Chariot has carved out a niche in the trailer industry that will provide good revenue and margins. However, we believe that there is a wider market that will cause revenue to be more consistent and maximize profitability. Our analysis indicates that with more aggressive purchasing and inventory control systems, we will be able to reduce material cost by 6%-8% in the first year. Additionally, we believe that we will be able to increase the dealer network substantially in the next twelve months. We have acquired 100% of this 29 year old company, its trademarked logo and its stellar reputation in the national marketplace. This one was worth the wait."

"Details of the acquisition will be filed in an 8-K with the SEC in the next couple of days. Over the last six (6) years the company has had revenues averaging $786,780.00 per annum. Profits have been minimized since this was a tightly held, (two stockholders) private corporation. We are very fortunate to have the originator of the company and product, as well as its marketer, remaining with the firm on a consulting basis for at least the next three (3) months with an option for up to three years by mutual agreement. This will cause the transition to be much smoother with vendors, subcontractors, dealers and customers. Currently there is a backlog of over fifty trailer requests waiting for follow up from individuals as well as potential new dealerships. Follow-up began immediately upon closing," Hefner said.

Chariot Trailers are known for their aerodynamically designed, light-weight, easy-pull motorcycle trailers that have become a favorite of Harley-Davidson and other high end motorcycle enthusiasts. The product line includes both open and enclosed trailers. Some are so versatile as to include sleeping accommodations, sinks and cabinets. Testimonials tout the security afforded expensive show bikes due to the quality of the tie-down system employed by Chariot.

Mr. Hefner said that he knew that the stockholders have been anxiously awaiting the news that Chariot had been acquired. He apologized for his forced silence during the last two weeks and encouraged the stockholders to checkout the website at www.chariot-trailer.com .