0001014897-16-000536.txt : 20160421 0001014897-16-000536.hdr.sgml : 20160421 20160421164800 ACCESSION NUMBER: 0001014897-16-000536 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20160413 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160421 DATE AS OF CHANGE: 20160421 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN COMMERCE SOLUTIONS Inc CENTRAL INDEX KEY: 0000949982 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY, NEC [3559] IRS NUMBER: 050460102 STATE OF INCORPORATION: DE FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-98682 FILM NUMBER: 161584504 BUSINESS ADDRESS: STREET 1: 1400 CHAMBER DRIVE CITY: BARTOW STATE: FL ZIP: 33830 BUSINESS PHONE: 863-533-0326 MAIL ADDRESS: STREET 1: 1400 CHAMBER DRIVE CITY: BARTOW STATE: FL ZIP: 33830 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN COMMERCE SOLUTIONS DATE OF NAME CHANGE: 20010306 FORMER COMPANY: FORMER CONFORMED NAME: JD AMERICAN WORKWEAR INC DATE OF NAME CHANGE: 19951030 8-K 1 aacs8k80190142116.htm FORM 8-K American Commerce Solutions, Inc. Form 8-K

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): April 13, 2016

 

American Commerce Solutions, Inc.

(Exact name of registrant as specified in its charter)

 

Florida

 

33-98682

 

05-0460102

(state or other jurisdiction
of incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification Number)

 

1400 Chamber Drive,

Bartow, Florida

 

33830

(address of principal executive offices)

 

(zip code)

 

(863) 533-0326

(registrant’s telephone number, including area code)

 

Not Applicable

(former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 





Item 8.01 Other Events.


On April 13, 2016, the Company’s wholly owned subsidiary, Best Way Auto and Truck Rental, Inc., was approved for a credit line of $1.6 million from Fleet Way Leasing Company in Feasterville, PA for the purchase of 70 new vehicles for the Company’s rental fleet.  This line of credit is based on a 24-month term.  Negotiations continue to increase the line to $3.5 million to finance a total of 145 vehicles.


Item 9.01. Financial Statements and Exhibits. 


Exhibit 99.1 – Press release dated April 13, 2016


SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

American Commerce Solutions, Inc.

 

 

 

 

 

Dated: April 21, 2016

 

/s/ Daniel L. Hefner

 

 

 

Daniel L. Hefner

 

 

 

President

 

 

 

 




 EX-99.1 2 aacspressrelease41316.htm EXHIBIT 99.1 Exhibit 99.1

American Commerce Solutions, Inc. Subsidiary, Best Way Auto & Truck Rental Receives $1.6M Line of Credit

[aacspressrelease41316001.jpg] 

American Commerce Solutions, Inc. April 13, 2016 11:37 AM

·

·

LAS VEGAS, NV--(Marketwired - Apr 13, 2016) - American Commerce Solutions, Inc. (OTC PINK: AACS) wholly owned subsidiary, Best Way Auto and Truck Rental, Inc., today announced that it has been approved for a credit line of $1.6 million.

Best Way Auto & Truck Rental, Inc. announced that it has received a credit line of $1.6 million from Fleet Way Leasing Company in Feasterville, PA for the purchase of 70 new vehicles for the Company rental fleet. This line of credit is based upon a 24-month term. Negotiations continue to increase the line to $3.5 million to finance a total of 145 vehicles.


John Keena, President of Best Way, stated, "Approval of this credit line allows Best Way to accelerate stocking of our existing locations and facilitates expansion to our new sites. We will be able to accelerate both rental and sales programs while creating greater cash flow and profitability."


Daniel Hefner, CEO / President of American Commerce Solutions, added, "The Company is encouraged and excited about the rapid development of these opportunities. Best Way management has been tireless in its efforts to expand the Best Way footprint in the market place it serves."


Company Websites:
Best Way Auto and Truck Rental, Inc. www.bestwayrentalsusa.com

American Commerce Solutions, Inc. www.aacssymbol.com


ABOUT AMERICAN COMMERCE SOLUTIONS, INC.


AACS is a publicly traded holding company currently hosting two (2) subsidiary operations: International Machine and Welding, Inc. and Best Way Auto and Truck Rentals, Inc. AACS additionally maintains a strategic relationship with American Fiber Green Products, Inc. (AFBG) www.americanfibergreenproducts.com


ABOUT BEST WAY AUTO & TRUCK, INC.


Our mission is to provide inexpensive, attended and unattended rentals of vehicles for use in large college populated cities while also handling commercial accounts throughout the 14 states that we currently service. With over 70 combined years of executive experience in the rental car field, our goal is to become the best rural rental car business in the United States.


SAFE HARBOR STATEMENT


Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors.


Contact:


INVESTOR RELATIONS


Everest Corporate Advisors, Inc.
702-982-1339




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