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On the
first Sunday of each month Stockprowler will bring you his latest hot stock
pick profiled in depth ...free on the Web! And every week Stockprowler
updates the Stockprowler Watch box with exciting new potential momentum
plays. Stockprowler uses state of the art technology to look under the rocks
and find those little stocks with the potential to make the BIG moves.
Stockprowler screens NASDAQ, NYSE, AMEX, and OTC stocks trading under $3.
These stocks offer the speculator considerable leverage. It is not uncommon
for these stocks to make moves of 30%, 50%, or more. Please read our disclaimer before trading |
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Stockprowler’s pick this week... American Commerce Solutions, Inc. (OTCBB: AACS)
Shares Outstanding: 108.1 million Market Capitalization: $2.9 million Closing Price Friday 10/31/03: 2.7 cents
SEVU, our Stockprowler pick for the month of July, continues to achieve spectacular gains climbing as high as 70 cents during the month of October. Readers may recall we profiled SEVU when it was trading at just 4 cents! Check our Stockprowler Scoreboard for a complete record of all our stock gains since we began the Stockprowler series way back in September 1999… Our pick for the month of November, 2003 is American Commerce Solutions, Inc. (OTCBB: AACS) trading at just under 3 cents. What makes AACS a very attractive speculation is the fact that the company just recently completed the acquisition of Chariot Mfg., Inc. a privately held maker of stylish fiberglass motorcycle trailers. http://www.chariot-trailer.com/cs_9.htm Chariot is known for their aerodynamically designed, light-weight, easy-pull motorcycle trailers that have become a favorite of Harley-Davidson and other high end motorcycle enthusiasts. The product line includes both open and enclosed trailers. Some are so versatile as to include sleeping accommodations, sinks and cabinets. Testimonials extol the security afforded expensive show bikes due to the high quality tie-down system employed by Chariot. The nationally acclaimed Northeastern Motorcycle Tours http://www.motorcycletours.com/ says about Chariot trailers… “The chase vehicles tow a Chariot enclosed trailer which carries luggage and is ready to carry a disabled motorcycle should the need arise. We've chosen to use Chariot trailers because, in our opinion, they're the best designed units money can buy. They are durable, load easily, tow well, balance properly and are lightweight.” …And webBikeWorld.com calls the Chariot “the Cadillac of trailers”. American Commerce Solutions, Inc. CEO Dan Hefner says of the acquisition of Chariot, “We can't express enough the value we see in the future of this operation as an asset to American Commerce Solutions, Inc. We are in the process of preparing new production facilities while trying to field the immediate demand for product. We are being inundated with inquiries and orders …The impressive aspect to this acquisition is that calls are being fielded daily from potential dealers who are anticipating higher production capability to keep up with demand and reduce back orders.” Incredibly, the acquisition was done with minimum dilution to common shareholders. According to the AACS company 8-K filing with the SEC, CEO Hefner was able to negotiate a deal whereby Chariot Mfg. was acquired for a total purchase price of $360,000 in cash, preferred stock and assignment of a note receivable by American Commerce Solutions, Inc. to the seller. The cash portion of the deal is $150,000 payable over a 36-month period. The assigned note receivable was for a discounted amount of $150,000, which has been carried on the books of ACS for an extended period of time without substantial activity. The balance of $60,000 will be paid in preferred stock, convertible to restricted common stock… Essentially, Hefner was able to buy Chariot Mfg., a company with $1 million in annual revenues and a huge back-log of orders, for $360,000 and pay for it with future value dollars and other compensation. CEO Hefner stated, “We have great expectations for Chariot Trailers as we seek to expand the products’ market exposure and increase the production capability of the company. We will spend the next several months continuing the process of upgrading the tooling, marketing materials and the production facility. Experts in the production of fiberglass products and recycling have been hired to facilitate production and maximize earning potential… Many are continuing to accumulate our undervalued stock in anticipation of substantial gain as the company implements its business plan. We believe that they will be rewarded for their confidence…” It is the opinion of Stockprowler that although investing in AACS, like
investing in all OTCBB speculations, involves a high degree of risk, the reward
here could very well be staggering. I don’t have to tell readers about the
incredible popularity of Harley-Davidson motorcycles, and associated touring,
with upper middle class Stockprowler does not receive compensation from companies we profile or from third parties… we never have and never will. We use our own money when we buy stocks, and even though we usually take a position in a stock before we profile a company, our purchases are always relatively small so that the chance of having an effect on a stock’s price when we buy or sell is negligible. Please read our full disclaimer. Also, contrary to a commonly held belief, Stockprowler does not have access to insider information, nor do we want to, because trading on insider information is illegal! All information contained in our reports is available in the public record… and any written or verbal communication with company CEOs/ IR people strictly adheres to this rule. Readers are urged to read the company SEC filings and do their own due diligence before investing in this or any other stock. Good Trading... Stockprowler |
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