AmeriChip International Inc. Appoints Chief Financial Officer
1/11/2006 7:09:52 AM
PLYMOUTH, MI, Jan 11, 2006 (MARKET WIRE via COMTEX) -- The Board of Directors of AmeriChip International Inc. (ACHI) announced that the Company has appointed Thomas P Schwanitz, CPA, to the position of Chief Financial Officer effective immediately. In addition, Mr. Schwanitz will be joining the Board of Advisors. The appointment of Mr. Schwanitz is commensurate with the Company's action plan for the 2006 fiscal year during which the Company will generate revenues and become profitable. This proactive appointment affords Mr. Walther, President and CEO, more time to concentrate on solidifying pending orders and finalizing the acquisition of KSI Machine & Engineering. Mr. Walther stated, "Tom will be an integral part of our developing into a major company that has a technology sought after by a number of different industries. I firmly believe he will be a valuable member of the AmeriChip team and we welcome him."
In addition, the Company is responding to its Tier One and OEM customers that require it to implement both financial and quality control standards in preparation for receiving orders. Mr. Schwanitz will assist Mr. Walther with the transition from a "going concern" to a revenue-producing technology company. Mr. Schwanitz will also be spearheading the implementation of our new Microsoft Great Plains software program which will help ensure that the Company will be in compliance with Sarbanes-Oxley standards for public companies. "Having watched AmeriChip develop from a time when their technology was a proven but unrecognized part of the machining world, to a point in time when AmeriChip has taken an impressive lead in redefining machining as we know it, I am proud and honored to join the Company at this most auspicious time in their growth," stated Thomas Schwanitz.
Mr. Schwanitz is Managing Partner of Schwanitz, Hayden & Associates, P.L.C. of Detroit, Michigan, and has a Bachelor of Science - Accounting from Northern Michigan University. His professional affiliations include member of American Institute of Certified Public Accountants, Michigan Association of Certified Public Accountants, Consultant to the Association of Macomb County Life Underwriters and Financial & Estate Planning Councils of Detroit and Macomb County. Mr. Schwanitz is also a member of the Board of Directors for and is the Treasurer of the Mount Clemens General Hospital and on the Board of Trustees for Baker College, Mount Clemens.
Headquartered in Plymouth, MI, U.S.A., AmeriChip International Inc. holds a patented technology known as Laser Assisted Chip Control, the implementation of which results in efficient chip control management in industrial metal machining applications. This technology provides substantial savings in machining costs of certain automobile parts providing much more competitive pricing and more aggressive sales approaches within the industry.
The innovative AmeriChip business model, enhanced by its AmeriChip Tool and Abrasives subsidiary, is designed to establish an extensive resource for cost-saving services and products that all cost-conscious industrial steel and aluminum machining companies require. AmeriChip is committed to keeping jobs in America for Americans.
For more information, visit our website at www.americhiplacc.com, or R. Windsor at 905-898-2646 or, send an e-mail to r.windsor@americhiplacc.com.
For more information, visit our website at www.americhiplacc.com
R. Windsor
905-898-2646
e-mail
r.windsor@americhiplacc.com
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