Chariot Manufacturing Schedules Meetings With a Major Automotive Supplier
Bartow, Fla., Oct. 5, 2004 -- American Commerce Solutions, Inc. (BULLETIN BOARD: AACS) today announced that its subsidiary, Chariot Manufacturing Company, Inc., has scheduled a meeting with a major automotive supplier to discuss the possibility of a joint venture.
Steven D. Smith, President of Chariot, stated, "We have scheduled meetings this month with a major automotive supplier to discuss the merits of a joint venture. These meetings have been postponed several times due to the series of intense storms that have plagued Florida this hurricane season. The proposed joint venture would expand the Chariot product line and open the doors to valuable new sales channels. This is the type of strategic relationship we can use to effectively grow the business while minimizing traditional growth risks. We were introduced to this firm through one of Detroit's 'Big Three' automakers. It is our objective to position Chariot as a major player in the specialty trailer market. As with all successful business relationships, both parties must benefit. Chariot brings 29 years of innovation and quality, as well as an established and recognizable brand. We all recognize the strengths that come from a relationship with the automotive industry. We feel this business opportunity will help us achieve our objective of becoming that major player in the specialty trailer market."
American Commerce Solutions, Inc. President and Chief Executive Officer Daniel L. Hefner stated, "Once again Steve and his team have done an outstanding job of promoting Chariot's line of high-quality, lightweight trailers to a new market segment, as well as dealers and the private sector. It seems that every week a new growth opportunity is presented."
Chariot Manufacturing Company, Inc. (http://www.chariot-trailer.com/ ) is a wholly owned subsidiary of American Commerce Solutions, Inc. (http://www.aacssymbol.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.