ACHI - just added a little on PR just out - Friday April 16, 12:59 pm ET
DETROIT, April 16 /PRNewswire-FirstCall/ - The Board of Directors of AmeriChip International Inc. ACHI:OTC-BB (the "Company") is pleased to announce that it is now in a position to commence quoting on implementing the Company's patented technology, Laser Assisted Chip Control process ("LACC") for companies engaged in the machining of automobile parts.
In management's opinion, a recent quote submitted to a customer clearly demonstrated the enormous savings generated when the LACC process is applied prior to machining a part. In this instance, AmeriChip will be able to save this customer $1.1 million in labor costs in one year of operation. This figure does not include savings generated by the reduced tooling costs and elimination of the coolant and its related costs of both use and removal. There can be no assurances that the savings realized will increase the revenues of the Company.
The Company is currently in ongoing negotiations to secure certain assets as disclosed in previous releases. While management believes that the negotiations will be beneficial to the shareholders, there can be no assurances that the Company will reach a definitive agreement for the purchase of such assets.
AmeriChip International Inc. trades on the OTC: BB (ACHI).
This release may contain forward-looking statements that involve risks
and uncertainties. Actual results may differ materially from the results
predicted. Important factors which could cause actual results to differ
materially from those expected or implied in the forward-looking
statements are detailed in filings with the Securities and Exchange
Commission made from time to time by AmeriChip International Inc.
including its periodic reports on Forms 10-K, 10-Q, and 8-K. AmeriChip
International Inc. undertakes no obligation to release publicly any
revisions to any forward-looking statements to reflect events or
circumstances after the date hereof.
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Source: AmeriChip International Inc.
