OTC Bulletin Board S & P Company Insight for AMERICAN COMM SOLUT
Profile
	Business Summary: American Commerce Solutions, Inc., through its subsidiaries, provides specialized machining services for the heavy industry; and manufactures motorcycle trailers with fiberglass bodies primarily in the United States. It operates in two segments, Manufacturing and Fiberglass.   Address   1400 Chamber Drive   Bartow , FL 33830   Phone: 863-533-0326   Fax: 863-533-0327   Website: http://www.aacssymbol.com Transfer Agent   Jersey Transfer & Trust Co. Employees:  31 ShareHolders:  1204 Founded:  1991 Domicile:  Delaware
Background
	American Commerce Solutions, Inc., through its subsidiaries, provides specialized machining services for the heavy industry; and manufactures motorcycle trailers with fiberglass bodies primarily in the United States. It operates in two segments, Manufacturing and Fiberglass. The Manufacturing segment offers specialized machining of components and machinery repair to industries, such as aerospace, agricultural processing, chemical, defense, mining, maritime, and power generation. This segment also offers heavy equipment service, which includes repair and bonded rebuilds of engines, tracks, undercarriages, transmissions, final drives, and hydraulic systems on heavy equipment from the heavy construction industry, including bulldozers, scrapers, loaders, excavators, tractors, and rollers; and sells used equipment. In addition, it sells replacement parts to the heavy equipment market, directly to the end user. The Fiberglass segment produces and sells a line of fiberglass trailers for the transportation of motorcycles, ATVs, personal watercraft, small vehicles, vending, mobile fiber optic workstations, utility, and other specialized applications. Its trailers are available in both open and enclosed configurations, as well as with optional features, such as custom interiors and sleeper options. This segment also provides non warranty repairs and modification of existing trailers. The company, formerly known as JD American Workwear, Inc., was founded in 1991 and is based in Bartow, Florida. History:  INCORPORATED in Delaware Jan. 19, 1994, under the name Jaque DuBois, Inc. to merge a Rhode Island company of the same name (Predecessor) in 1994, on the basis of each Predecessor Common share being exchanged for 1,000 Common shares of the company. Name changed to JD American Workwear, Inc. July 11, 1995; and to American Commerce Solutions, Inc. Jan. 1, 2001. Predecessor was incorporated May 1, 1991. In June 2000, completed the acquisition of Patina Corp. and its subsidiary, International Machine and Welding, for $4,500,000. The acquisition was funded by 9,800 Ser. C Conv. Preferred shares. Also in June 2000, acquired Rhode Island Truck and Equipment Corp. for 200,000 Common shares, in a transaction valued at about $200,000.   Subsidiaries: Chariot Manufacturing Company International Machine and Welding, Inc.     Capital Expenditures, thousand. US Dollars   Year   Amount   2008   170   2007   78   2006   113
Management
	Management Officers Position  Robert E. Maxwell Chairman  Daniel L. Hefner President & Chief Executive Officer  Frank D. Puissegur Chief Financial Officer & Chief Accounting Officer Directors  Daniel L. Hefner  Robert E. Maxwell  Frank D. Puissegur
Annual Report
	Annual Report   Income Statement   2008 2007 Net sales $2,850,768 $2,351,288 Cost of goods sold 1,637,314 1,511,995 Gross profit 1,213,454 839,293 Selling, general and administrative expenses 2,057,215 2,151,609 Loss from operations (843,761) (1,312,316) Other (expense) income: Other 707 12,239 Interest expense (193,192) (150,311) Total other (expense) income (192,485) (138,072) Net loss $(1,036,246) $(1,450,388) Net loss per common share $(0.00) $(0.01)   Balance Sheet   2008 Assets Current assets: Cash $6,461 Accounts receivable, net of allowance 36,260 Accounts receivable, factored 57,104 Inventories 210,096 Other receivables 47,123 Other current assets 39,699 Total current assets 396,743 Property and equipment, net 4,702,248 Intangible assets, net 23,222 Total assets $5,122,213 Liabilities and Stockholders Equity Current liabilities: Current portion of notes payable $1,349,377 Current portion of notes payable, related party 591,336 Bank overdraft 6,571 Accounts payable 507,290 Accrued expenses 178,377 Accrued interest 208,456 Deferred revenue 116,655 Total current liabilities 2,958,062 Notes payable, net of current portion 44,867 Due to stockholders 1,075,110 Preferred stock, $.001 par value 3 Common stock, $.002 par value 502,545 Additional paid-in capital 19,068,088 Stock subscription receivable (10,000) Treasury stock, at cost (265,526) Accumulated deficit (18,250,936) Total stockholders equity 1,044,174 Total Liabilities $5,122,213    * Financial statements represent fiscal years ended February 29, 2008 and February 28, 2007.
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2009   1 560,000   2008   1 770,000   2008   2 660,000   2008   3 770,000   2008   4 650,000   2008   Full Year 2,850,000   2007   1 650,000   2007   2 540,000   2007   3 560,000   2007   Full Year 2,350,000   2006   1 650,000   2006   2 670,000   2006   3 490,000   2006   Full Year 2,300,000   2005   1 650,000   2005   2 780,000   2005   3 740,000   2005   Full Year 2,750,000   2004   1 470,000   2004   2 430,000   2004   3 490,000   2004   Full Year 2,100,000     Quarterly Net Income, US$ Year Quarter Revenue   2008   1 (370,000)   2008   Full Year (1,040,000)   2007   1 (290,000)   2007   2 (260,000)   2007   3 (210,000)   2007   4 (270,000)   2007   Full Year (1,450,400)   2006   1 (330,000)   2006   2 (370,000)   2006   3 (380,000)   2006   Full Year (922,400)   2005   1 (290,000)   2005   2 (140,000)   2005   3 (190,000)   2005   Full Year (1,278,900)   2004   1 (340,000)   2004   2 (390,000)   2004   3 (390,000)   2004   Full Year (1,644,100)     Quarterly EPS, US$ Year Quarter Revenue   2009   1 Nil   2008   1 Nil   2008   2 Nil   2008   3 Nil   2008   4 Nil   2008   Full Year Nil   2007   1 Nil   2007   2 Nil   2007   3 Nil   2007   Full Year (.01)   2006   1 Nil   2006   2 Nil   2006   3 Nil   2006   Full Year Nil   2005   1 Nil   2005   2 Nil   2005   3 Nil   2005   Full Year (.01)   2004   1 (.01)   2004   2 (.01)   2004   3 (.01)   2004   Full Year (.02)
Stock Data
	Capitalization as of 05/31/2008:     Authorized Shares Outstanding Shares Preferred $0.001 par 5,000,000 4,046so1 Common $0.002 par 350,000,000 266,769,522so2   LONG TERM DEBT: $41,804.   Common $0.002 par   Stockholders:  02/29/2008, 1204. PRINCIPAL STOCKHOLDERS: February 29, 2008, Robert E. Maxwell owned or controlled 33.6% of the Common.   Transfer Agent:  Jersey Transfer & Trust Co.   Verona , NJ   OTC Bulletin Board( Primary): AACS   Exchange Year High Low OTC Bulletin Board 2007 0.0150 0.0035 OTC Bulletin Board 2006 0.0270 0.0070 OTC Bulletin Board 2005 0.0350 0.0130 OTC Bulletin Board 2004 0.0430 0.0021 OTC Bulletin Board 2003 0.0800 0.0100 OTC Bulletin Board 2002 0.3100 0.0300 OTC Bulletin Board 2001 1.5000 0.0500 Over The Counter 2000 1.2500 0.0010 OTC Bulletin Board 1999 4.1875 1.3125 OTC Bulletin Board 1998 5.5000 2.8750   DIVIDENDS: Common $0.002 par: None.       so1Closely held. Consists of 102 shares of Series A (liquidation preference, $376,125) and 3,944 shares of Series B (liquidation preference, $3,944,617). Each share of Series A is convertible into 1,289 Common shares. Each share of Series B is convertible into 1,000 Common shares.   so2Excl. shares in treas.