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'PINR' News -- Pine Ridge Holdings Announces New Acquisition of H...
Thursday, June 5, 2008 12:59 PM


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News for 'PINR' - (Pine Ridge Holdings Announces New Acquisition of High Technology Company)


FORT WAYNE, IN, Jun 05, 2008 (MARKET WIRE via COMTEX) -- 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]





SOURCE: Pine Ridge Holdings, Inc.




CONTACT: http://www.acoustech-inc.com/

http://tacit-sol.com




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