AmeriChip International Inc. Makes Management Changes
Friday October 31, 9:00 am ET
CLINTON TOWNSHIP, MI--(MARKET WIRE)--Oct 31, 2008 -- AmeriChip International, Inc. (OTC BB:ACII.OB - News), announced today that Kenneth W. Mann is stepping down as Interim President of AmeriChip International Inc.
As previously announced on October 21, 2008 in a filing with the United States Securities and Exchange Commission, William P. Conlin was appointed Chief Executive Officer of the Company while retaining his position as Chairman of the Board. The appointment of Mr. Conlin as CEO, replacing the interim President and CEO Kenneth W. Mann, is commensurate with the Company's commitment to creating a new and invigorated Company.
On October 21, 2008 the Company also announced that Drew Mouton, Director, has been appointed to the new position of Vice Chairman, overseeing corporate communications, investor relations, functions of the treasury, and strategic direction.
Mr. Mann was first appointed President of AmeriChip Canada Inc. in February 2008. Soon thereafter, in addition to being elected to the Board of Directors, the shareholders elected Mr. Mann Interim President and CEO. During his tenure he implemented several initiatives which improved financial transparency; appointed an independent Board of Directors, retained new corporate counsel; and strengthened operations.
"Ken has been instrumental in providing a bridge of stability which will enable the new management team to focus on profitable growth, and take full advantage of the market opportunities for our Laser Assisted Chip Control technology," said Bill Conlin, Chairman and CEO. "Although he will no longer be involved in day-to-day operations, he will continue to serve on the Board of Directors. On behalf of the shareholders, the Board would like to express our appreciation for Ken's contribution and wish him well in his future endeavors."
AmeriChip International Inc. uses a patented Laser Assisted Chip Control (LACC) process for dry machining. ACII enables lower cost, higher quality clean manufacturing by using environmentally friendly, patented technologies.
The company is focused on the worldwide dry machining parts market, particularly the multi-billion dollar metal turning segment for machining steel parts in industries such as Oil Pipe, Military, Heavy Equipment, Large Truck, Wind Energy, Farm Implement, and Automotive.
For more information, visit our website at www.americhiplacc.com or, contact Drew Mouton at 586-783-4598, send an e-mail to info@ americhiplacc.com.
Contact:
Drew Mouton
586-783-4598
info@ americhiplacc.com
americhiplacc.com
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Source: AmeriChip International Inc. |
