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From: "IPOdesktop.com"
Subject: ACII-Press Release from IPODesktop.com
Date: Thursday, May 29, 2008 3:48 PM
AmeriChip Press Release
Analyst note from Francis Gaskins regarding AmeriChip
AmeriChip is building its management team to handle strong growth from recurring production orders, and we expect AmeriChip to generate significant profits within a few months.
We are optimistic that AmeriChip will make the transition to a bona fide emerging growth company within the next few quarters, and therefore it is reasonable to assume that the current market capitalization of less than $5 million will increase substantially.
For More Information Contact:
Bill Prince (801) 541-6077
ipo_desktop@att.net
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AmeriChip International Inc. Appoints Ken Mann President, CEO and Director
Clinton Township, MI May 28, 2008 (PrimeNewswire) -- AmeriChip International, Inc., announced today the appointment of Kenneth W. Mann as President, Chief Executive Officer and member of the Board of Directors.
Kenneth W. Mann has over 20 years of senior management experience and has managed over 400 employees with operating budgets in excess of $220 million.
Mr. Mann said, “AmeriChip’s current business outlook is quite favorable and positive. I’m pleased that AmeriChip’s executive team is enthusiastically committed to working with me to help AmeriChip become a major company.”
Also, by a written consent of the majority of the holders of AmeriChip International, Inc. capital stock, the following directors have been removed as members of the Board of Directors of AmeriChip International, Inc.: Thomas P. Schwanitz, Edward Rutkowski, William M. Donovan.
Joseph I. Emas and Marc Walther remain as members of the Board of Directors of AmeriChip International, Inc. Marc Walther is Chairman and Chief Technical Officer.
Headquartered in Clinton Township, MI, USA AmeriChip International Inc., a patented technology company, holds a patented technology known as Laser Assisted Chip Control,which can be used to re-engineer the manufacturing process for industrial metal machining applications.
For More Information Contact:
Bill Prince (801) 541-6077
ipo_desktop@att.net
IPOdesktop (ID) SAFE HARBOR STATEMENT: Statements contained in this press release & analyst update, including those pertaining to estimates and related plans, potential mergers and acquisitions, estimates, establishing new markets, expansion into new markets and related plans other than statements of historical fact, are future statements subject to a number of uncertainties that could cause actual results to differ materially from statements made.
DISCLAIMER: The information, opinions and analysis contained herein are based on sources believed to be reliable but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. IPOdesktop has not been compensated for this update.
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