ACII - AmeriChip International, Inc. Message Board

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Technology Stocks : ACII - AmeriChip International, Inc.

ACII 25.38

+0.1%

Oct 31 9:30 AM EST

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From: wso2	7/1/2008 8:11:40 PM
	of 4616

Tuesday July 1, 5:12 pm ET LOS ANGELES, July 1, 2008 (PRIME NEWSWIRE) -- IPOdesktop is providing this AmeriChip International Inc. (OTC BB:ACII.OB - News) analyst update based on discussions with management and major shareholders. New management took over May 27, 2008. In a discussions with management and major shareholders we have reached the following conclusions: (1) Shipments increased to an estimated $300,000 for the month of June. (2) Unnecessary, wasteful expenses have been cut, breakeven is substantially lower. (3) Steps are being taken to install a truly independent board of directors, the first step to becoming Nasdaq compliant. (4) A forensic accounting team has been working since May 28, 2008 to discover and uncover past management and accounting problems. (5) Marc Walther has been removed as chief technical officer and is now an advisor for special projects. (6) AmeriChip is preparing a full mid-quarter report to be released about mid-July.

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