AmeriChip International, Inc. Clarifies Recent Unauthorized Press Releases
2008-07-18 09:02 ET - News Release
CLINTON TOWNSHIP, MI -- (MARKET WIRE) -- 07/18/08
AmeriChip International, Inc. (OTCBB: ACII) announced today in the past 17 days a number of releases have been distributed to the media or via the internet by Mr. Francis Gaskins of IPODeskTop.
None of the releases issued since July 1, 2008 have been sanctioned by the Company. The Company informed Mr. Gaskins, in writing, on July 1, 2008 that he had no such authority to disseminate information pertaining to the Company without prior written board approval.
Mr. Gaskins violated this instruction on July 1, 2008, July 11, 2008 and July 17, 2008 as no written consent was given.
The Company is investigating the source of the unauthorized release of material non-public information. This information was inadvertently made public as a result of an unauthorized email to an AmeriChip shareholder from Mr. Gaskins.
Mr. Gaskins knew or ought to have known that the release of the material non-public information is in direct violation of United States securities laws.
The Company has confirmed that the "release" of July 17, 2008 was not disseminated via PrimeNewswire as suggested.
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, visit our website at www.americhiplacc.com or; contact investor relations at 905-898-2646 or email r.windsor@americhiplacc.com.
This release may include projections of future results and "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable; it can give no assurances that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations disclosed in this release, including, without limitation, in conjunction with those forward-looking statements contained in this release.
Contact:
Investor Relations
905-898-2646
email: r.windsor@americhiplacc.com
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