Chariot Prepares to Market the Eagle Boat
BARTOW, Fla., Dec. 7, 2004 -- American Commerce Solutions, Inc. (BULLETIN BOARD: AACS) today announced that its subsidiary, Chariot Manufacturing Company, Inc., is ready to begin marketing the Eagle Boat.
Steven D. Smith, president of Chariot, stated, "After months of development and testing, we are pleased to announce that we are ready to begin offering our Eagle Boat to a vast and expanding fishing boat market. The primary application for the Eagle Boat is for flats fishing; however, its performance makes it feel like a 'sports car on water.' In addition to the highly aesthetic styling, speed and handling characteristics, it has appealing functional features as well. The Eagle Boat was designed with live wells that are lighted and aerated, lockable rod compartments, an anchor compartment and full instrumentation. The pole platform was designed with a unique feature that allows the fisherman to 'pin' the boat in position and pivot around that point while fishing. The compartments are removable, another unique feature, allowing more efficient construction and easier maintenance. Should a conventional flats boat sustain hull damage, the deck and hull would most likely have to be separated. This is a costly and time-consuming process. The Eagle Boat can be repaired by simply removing compartments to gain access to the hull.
"We are focused on specific niche markets, as with all Chariot products, that provide substantial volume opportunity and higher than industry standard margins. By selecting these target markets and delivering a premium product, we feel we can maintain exceptional margins while at the same time, providing a good value to the customer," he added. "We expect the average selling price for the Eagle Boat to be in the $15,000 range, for the basic boat before options. Fully optioned boats with motors and accessories can run well over twice the base price.
"The Eagle Boat provides Chariot and American Commerce Solutions with additional product diversification. The Eagle Boat was engineered and tooled by AFG and was acquired in July of this year," Smith said. "It has undergone months of testing and evaluation before we felt it was ready to market."
American Commerce Solutions, Inc. President and Chief Executive Officer Daniel L. Hefner stated, "The unique features of the Eagle Boat fit well with the demands of the market and the production of boats fits well with Chariot's line of fiberglass trailers. This will enable us to exploit maximum production efficiency. Steve and his team are continuing to develop products for other applications that also have substantial market opportunities. This demonstrates Chariot's and American Commerce Solutions' commitment to growth."
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.