Here's the latest...
AmeriChip International Inc. Assigned New Trading Symbol -- ACII:BBFollowing Reverse Stock Split
Aug 13, 2007 08:59:01 (ET)
CLINTON TOWNSHIP, MI, Aug 13, 2007 (MARKET WIRE via COMTEX) -- AmeriChip International, Inc. (ACII, Trade ), a leader in creating, leading and driving a new worldwide market using a patented Laser Assisted Chip Control (LACC) process for dry machining, announced today that the Company has begun trading on the OTC:BB under a new stock symbol -- ACII.
The assignment of the new stock symbol completes the Reverse Stock Split of 938,383,750 shares at a ratio of 1 for 7.
As discussed in the 14(c) Information Statement received by all stockholders of record as of June 29, 2007, each stockholder will receive a letter of transmittal from our transfer agent containing instructions on how to exchange certificates. Stockholders should not destroy any stock certificate and should not submit their old certificates to the transfer agent until they receive these instructions.
Each old certificate, until exchanged, will be deemed for all purposes to evidence ownership of the number of whole shares of new common stock into which the shares evidenced by the old certificates have been converted.
As stated in the 14(c) Information Statement, no fractional shares will be issued in connection with the reverse stock split. Stockholders who would otherwise be entitled to receive fractional shares because they hold a number of our shares of common stock that is not evenly divisible by seven (7) will have the number of new shares to which they are entitled rounded to the nearest whole number of shares. No stockholders will receive cash in lieu of fractional shares.
For more information please contact:
info@americhiplacc.com
or
Rhonda Windsor
r.windsor@americhiplacc.com
905-898-2646
SOURCE: AmeriChip International Inc.
mailto:info@americhiplacc.com
mailto:r.windsor@americhiplacc.com
|
