0001014897-16-000550.txt : 20160505 0001014897-16-000550.hdr.sgml : 20160505 20160505150216 ACCESSION NUMBER: 0001014897-16-000550 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160425 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160505 DATE AS OF CHANGE: 20160505 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: 161623216 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 aacs8k50290142516.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 25, 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 5.02 – Election of Directors


On April 25, 2016, the Company appointed William Stamps and Harry Willner to the board of directors.  There are no arrangements between the Company and Mr. Stamps or Mr. Willner pursuant to which they were selected as a director, nor have they been named to any committees of the board of directors.


Mr. Stamps and Mr. Willner are the CEO and General Manager, respectively, of Fleetway Leasing and Sales Company.  On April 13, 2016, Fleetway Leasing granted the Company a $1.6 million credit line, as reported in the Form 8-K filed April 21, 2016.  On April 27, 2016, Fleetway Leasing granted the Company an additional $5 million credit line, as reported in the Form 8-K filed May 2, 2016.


Item 9.01. Financial Statements and Exhibits. 


Exhibit 99.1 – Press release dated April 25, 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: May 5, 2016

 

/s/ Daniel L. Hefner

 

 

 

Daniel L. Hefner

 

 

 

President

 

 

 

 




 EX-99.1 2 exhibit991.htm EXHIBIT 99.1 Exhibit 99.1 Press Release

American Commerce Solutions, Inc. Announce New Board Appointees

Las Vegas, Nevada--(Newsfile Corp. - April 25, 2016) - American Commerce Solutions, Inc. (OTC Pink: AACS) and Best Way Auto and Truck Rental, Inc., today announced that board seats have been offered to and accepted by William Stamps and Harry Willner of Fleetway Leasing and Sales Company.

Best Way President, John Keena, commented, "AACS Best Way is remarkably pleased to have these industry stalwarts become part of our Board of Directors. The depth of their knowledge and experience can only enhance our roll out across the country. Their willingness to devote their time and resources to our mutual benefit is a tribute to our business model and will lead to even greater opportunity for all concerned."

William Stamps and Harry Willner are CEO and General Manager at Fleetway Leasing, respectively. Fleetway Leasing and Sales Company is a $300M automobile leasing company headquartered in Feasterville, Pennsylvania. The combined 70 years of automotive experience uniquely qualifies these men to serve on this board of directors.

Mr. Stamps is also owner or co-owner of a number of automobile dealerships across Pennsylvania under the Colonial dealership banner for Nissan, Volkswagen, Subaru and Hyundai. With a background as a Certified Public Accountant, Mr. Stamps has leveraged his financial acumen for 50 years in the automobile industry as well as other successful business ventures.

Stamps stated, "We have long been admirers of the Best Way management team and their aggressive and successful management style. Our company, Fleetway Leasing and Sales Company, expects to be a major part of their continued success and growth. We have committed our financing by extending credit lines to facilitate their expansion and now will dedicate our expertise and experience to help guide this company to its maximum potential."

Mr. Willner has a background in banking and finance which has served him well in over 20 years in automobile leasing including management of a sub-prime credit portfolio for 250 customers and oversight of a $13M budget. Mr.Willner offered, "I have been greatly impressed with the vision and aggressiveness that the Best Way team has displayed. Fleetway Leasing is committed to their success in both financing and management enhancement by lending our industry experience to their board of directors."

Daniel L. Hefner, CEO/President of AACS offered, "Shareholders of American Commerce Solutions should see this and all recent actions as a sign of a new era for AACS. This acquisition is all that we hoped for and more. The addition of recent credit lines and now the addition of the capabilities and resources of these gentlemen to our management tool box should be catalyst to rapid growth and an encouragement to current and future investors in this company. The exciting truth is that additional, significant announcements are just around the corner!"

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 RENTAL, 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 factors outside the control of the company.

INVESTOR RELATIONS

Everest Corporate Advisors, Inc.
702-902-2361
702-982-1339