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PINR (.0004) Pine Ridge Holdings Announces New Acquisition of High Technology Company
Thursday, June 05 2008 12:59 PM, EST

Market Wire    "US Press Releases "
FORT WAYNE, IN -- (MARKET WIRE) -- 06/05/08 -- Pine Ridge Holdings Inc (PINKSHEETS: PINR) CEO Kevin May announced today that the company has entered into a purchase agreement with AcousTech, Inc.
AcousTech is a high technology company supporting manufacturers and users of integrated circuits and other semiconductor products throughout the United States and internationally. AcousTech specializes in providing scanning acoustic microscopy and x-ray inspection services for an array of applications including integrated circuits, MEMS, complex hybrids, automotive sensors, and medical implantables.
Kevin May stated, " AcousTech, Inc. was founded in 1999 by Jon Roth and Kerry Oren. Jon Roth and Kerry Oren have been involved in failure analysis since 1986. They have published numerous technical papers and given presentations related to failure analysis and acoustic micro-imaging. They have been extensively involved in the development of quality assurance programs for commercial electronics in defense applications. They come from a failure analysis background where incoming parts ranged from microprocessors to large castings, and where acoustic micro imaging inspection was involved in everything from commercial electronics to spaceflight hardware, from welds and brazes to silicon chip attaches."
Jon Roth, President, AcousTech, Inc. , commented, "In March of 2008 AcousTech, extended its national sales network with the appointment of a focused sales representative firm, Tacit Solutions, LLC based in Southern California , strengthening the company's sales and marketing infrastructure and growth initiatives. Tacit Solutions, LLC has particular expertise in marketing and sales of semiconductor assembly, integrated circuit testing and quality assurance products and services primarily in the Western United States . Under the agreement with AcousTech, Inc. , Tacit Solutions, LLC will deliver opportunities to provide C-SAM and X-RAY testing services from the electronics industry including aerospace, automotive, industrial, medical, military, and telecom markets, as well as the original semiconductor chip manufacturers and IC users in 20 states.
" Tacit Solutions, LLC is recognized for its capacity to deliver new customer contact opportunities and technical excellence on a national scale. I am delighted to welcome Tacit as our primary sales representative firm into our planned network of trusted sales representatives, I am confident that together, we will achieve the very highest levels of service and value for our customers in their region."
About AcousTech, Inc.
AcousTech, Inc. was founded by former employees of ITT Corporation in Ft. Wayne, Indiana , to provide acoustic micro imaging inspection (C-SAM) and X-RAY analysis services for the electronics industry. Since 1986, the company founding personnel have been extensively involved in the development of quality assurance programs and performing failure analysis activity for military aerospace defense companies as well as providing testing services for automotive, commercial, industrial and telecom applications nationwide.
About Tacit Solutions, LLC
Tacit Solutions, LLC was formed by Richard Guy in 2003 after working for 25 years in various high level sales management positions at Amkor Technology, AT&T Bell Laboratories , Lucent Technologies, NCR Corporation , Signetics Corporation and most recently at Integra Technologies. These companies are all involved in the manufacturing, qualification, selecting or testing of integrated circuits in the electronics industry.
Tacit Solutions currently provides sales coverage for AcousTech in Arizona , California , Colorado , Florida , Kansas , Maryland , Minnesota , Missouri , New Mexico , Ohio , Oklahoma , Nevada , New Hampshire , North Carolina , North Dakota , Oregon , Texas , Utah , Virginia and Washington .
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning it expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
Contact:
Kevin May
President/CEO
Pine Ridge Holdings, Inc

Jon Roth
AcousTech, Inc.
http://www.acoustech-inc.com/

Richard Guy
Tacit Solutions, LLC
http://tacit-sol.com

Brian Kistler
[phone]