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American Commerce Solutions, Inc.
Symbol:  AACS


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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
 
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American Commerce Solutions, Inc.
Symbol:  AACS


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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
 
 
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American Commerce Solutions, Inc.
Symbol:  AACS


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Management
OfficersPosition
 Robert E. MaxwellChairman
 Daniel L. HefnerPresident & Chief Executive Officer
 Frank D. PuissegurChief Financial Officer & Chief Accounting Officer

Directors
 Daniel L. Hefner
 Robert E. Maxwell
 Frank D. Puissegur
 
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American Commerce Solutions, Inc.
Symbol:  AACS


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Capitalization as of 05/31/2008:
 
 Authorized SharesOutstanding Shares
Preferred $0.001 par5,000,0004,046so1
Common $0.002 par350,000,000266,769,522so2
 
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
 
ExchangeYearHighLow
OTC Bulletin Board20070.01500.0035
OTC Bulletin Board20060.02700.0070
OTC Bulletin Board20050.03500.0130
OTC Bulletin Board20040.04300.0021
OTC Bulletin Board20030.08000.0100
OTC Bulletin Board20020.31000.0300
OTC Bulletin Board20011.50000.0500
Over The Counter20001.25000.0010
OTC Bulletin Board19994.18751.3125
OTC Bulletin Board19985.50002.8750
 
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.
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American Commerce Solutions, Inc.
Symbol:  AACS


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Annual Report
 
Income Statement
  20082007
Net sales$2,850,768$2,351,288
Cost of goods sold1,637,3141,511,995
Gross profit1,213,454839,293
Selling, general and administrative expenses2,057,2152,151,609
Loss from operations (843,761)(1,312,316)
Other (expense) income:
Other70712,239
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 allowance36,260
Accounts receivable, factored57,104
Inventories210,096
Other receivables47,123
Other current assets39,699
Total current assets396,743
Property and equipment, net 4,702,248
Intangible assets, net23,222
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 party591,336
Bank overdraft6,571
Accounts payable507,290
Accrued expenses178,377
Accrued interest208,456
Deferred revenue116,655
Total current liabilities2,958,062
Notes payable, net of current portion44,867
Due to stockholders1,075,110
Preferred stock, $.001 par value3
Common stock, $.002 par value502,545
Additional paid-in capital19,068,088
Stock subscription receivable(10,000)
Treasury stock, at cost(265,526)
Accumulated deficit(18,250,936)
Total stockholders equity1,044,174
Total Liabilities$5,122,213
 
 * Financial statements represent fiscal years ended February 29, 2008 and February 28, 2007.
 
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American Commerce Solutions, Inc.
Symbol:  AACS


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Interim Report   
 
Data Not Available
 
 
 
 
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American Commerce Solutions, Inc.
Symbol:  AACS


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Pro Forma Report   
 
Data Not Available
 
 
 
 
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American Commerce Solutions, Inc.
Symbol:  AACS


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Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2009   1560,000
  2008   1770,000
  2008   2660,000
  2008   3770,000
  2008   4650,000
  2008   Full Year 2,850,000
  2007   1650,000
  2007   2540,000
  2007   3560,000
  2007   Full Year 2,350,000
  2006   1650,000
  2006   2670,000
  2006   3490,000
  2006   Full Year 2,300,000
  2005   1650,000
  2005   2780,000
  2005   3740,000
  2005   Full Year 2,750,000
  2004   1470,000
  2004   2430,000
  2004   3490,000
  2004   Full Year 2,100,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  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$
YearQuarterRevenue
  2009   1Nil
  2008   1Nil
  2008   2Nil
  2008   3Nil
  2008   4Nil
  2008   Full Year Nil
  2007   1Nil
  2007   2Nil
  2007   3Nil
  2007   Full Year (.01)
  2006   1Nil
  2006   2Nil
  2006   3Nil
  2006   Full Year Nil
  2005   1Nil
  2005   2Nil
  2005   3Nil
  2005   Full Year (.01)
  2004   1(.01)
  2004   2(.01)
  2004   3(.01)
  2004   Full Year (.02)
 
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