OTC Stock Professionals Company Profiles - American Commerce
American Commerce Solutions, Inc
Company/Business Description
American Commerce Solutions, Inc. (OTCBB: AACS) is a multi-industry holding company.
The Group's principal activities are to market OEM and after-market repair parts and provide specialized machining services for heavy equipment industry. The operations of the Group are carried out through its wholly owned subsidiary, International Machine and Welding Inc. The customers of the Group include mining, agricultural processing, maritime, power generation and industrial machinery, construction, forestry and waste and scrap industries. The Group also manufactures motorcycle trailers with fiberglass bodies. These trailers are used in transportation of motorcycles, ATVs, personal watercraft, small vehicles, vending, mobile fiber optic workstations, utility and other specialized applications.
The fourth quarter of 2008 is expected to be the beginning of a new era at American Commerce Solutions, Inc. For several years they have been on a parallel track with American Fiber Green Products, Inc.
(www.americanfibergreenproducts.com), as that company has sought to be publicly traded. That goal was achieved with the help and support of American Commerce Solutions, Inc. with approval on December 20, 2007 and officially trading on May 2, 2008 under the symbol of AFBG.OB.
Last 10Q filing-
Gross profit for the consolidated operations decreased to $234,824 for the three months ended May 31, 2008 from $282,731 for the three months ended May 31, 2007. Gross profit as a percentage of sales was 42% and 37% for the three month periods ended May 31, 2008 and 2007, respectively. The increase in gross profit was due to a higher gross profit margin related to International Machine and Welding, Inc.’s product mix.
Manufacturing Subsidiary
The manufacturing operation, International Machine and Welding, Inc. provided net sales of $509,876 for the three months ended May 31, 2008 compared to $696,037 for the three months ended May 31, 2007. The machining operations provided $196,683 or 39% of net sales with parts and service providing $313,193 or 61% of net sales for the three months ended May 31, 2008 as compared to machining operations contributing $209,953 or 30% of net sales with parts and service providing $486,084 or 70% of net sales for the three months ended May 31, 2007. The overall decrease in net sales is due to downturn in the economy.
Gross profit from the International Machine and Welding, Inc. was $234,954 for the three months ended May 31, 2008 compared to $276,865 for the same period in 2007 providing gross profit margins of 46% and 40%, respectively. The increase in the gross profit margin is due to an increased markup monitored by management.
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6052300
Estimated Market Cap
$2,400,926 as of Oct 8, 2008
Outstanding Shares
266,769,522 as of May 31, 2008
Number of Share Holders of Record
1,204 as of Jun 13, 2008
Company Notes
Formerly=JD American Workwear Inc. until 1-01
Transfer Agent
Jersey Transfer & Trust Co.
201 Bloomfield Ave.
Verona, NJ 07044
Recent Press Release:
American Commerce Solutions, Inc. Reveals Plan for a New Division
Friday October 10, 9:00 pm ET
http://biz.yahoo.com/iw/081010/0442209.html
10/07/2008 |
9:00AM |
MWUS |
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10/06/2008 |
7:00AM |
MWUS |
American Commerce Solutions, Inc. to Post President's Letter |
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07/18/2008 |
9:00AM |
MWUS |
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03/12/2007 |
9:25AM |
BW |
Chariot Manufacturing Company Completes Successful Bike Week |
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03/05/2007 |
1:11PM |
BW |
CORRECTING AND REPLACING International Machine and Welding, Inc. Releases Preliminary Results |
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03/05/2007 |
7:51AM |
BW |
International Machine and Welding, Inc. Releases Preliminary Results |
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01/19/2007 |
8:30AM |
BW |
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American Commerce Solutions, Inc.
1400 Chamber Dr.
Bartow, FL 33830
Phone: (863) 533-0326
http://www.aacssymbol.com











