ACII - AmeriChip International, Inc Message Board

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Technology Stocks : ACII - AmeriChip International, Inc

ACII 25.38

+0.1%

Oct 31 9:30 AM EST

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To: BarclayDonaldson who wrote (2391)	6/23/2009 9:46:16 AM
From: xcentral1	of 2396

What a shame! Item 1.03. Bankruptcy or Receivership. On June 18, 2009 AmeriChip’s board of directors reluctantly and unanimously resolved to file a voluntary petition seeking relief under Chapter 7 of Title 11 of the United States Bankruptcy Code for both AmeriChip and KSI. AmeriChip’s board of directors has appointed and given the authority to do so to Jim Kotsonis. The decision was reached after lengthy discussions and evaluations of all apparent options and alternatives, including filing chapter 11 bankruptcy with a reorganization plan.

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