AmeriChip International Inc. Takes Delivery of Turning Center
PLYMOUTH, MI, Apr 27, 2006 (MARKET WIRE via COMTEX) -- The Board of Directors of AmeriChip International Inc. (OTC BB: ACHI) announced that the Company has authorized delivery of a Doosan 670LM turning center at the KSI location in Clinton Township, MI. The turning center will enable the Company to significantly reduce the time required for the trial to purchase order process and will allow for the onsite demonstration of superior production capabilities.
"Prior to the delivery of the turning center, the Company would apply the LACC process at our AmeriChip laser facility and return the parts to be run on customers' machines when time was made available to them," said Ed Rutkowski, of AmeriChip International. We are now in a position to control and reduce our time lines on trials as well as having the capability to do limited production runs. Time has already been allocated on the turning center for limited production runs commencing in May 2006 which will result in long-term production runs for our existing pilot programs. This center is the first of several which are being ordered to facilitate future requirements to expedite production runs.
Headquartered in Plymouth, MI, U.S.A., AmeriChip International Inc., a technology company, holds a patented technology known as Laser Assisted Chip Control, the implementation of which results in efficient chip control management in industrial metal machining applications. This technology provides substantial savings in machining costs of certain automobile parts providing much more competitive pricing and more aggressive sales approaches within the industry.
The innovative AmeriChip business model, enhanced by its AmeriChip Tool and Abrasives subsidiary, is designed to establish an extensive resource for cost-saving services and products that all cost-conscious industrial steel and aluminum machining companies require. AmeriChip is committed to keeping jobs in America for Americans.
For more information, visit our website at www.americhiplacc.com or, contact R Windsor at 905-898-2646 or, send an e-mail to r.windsor*americhiplacc.com.
For more information, contact: R. Windsor 905-898-2646 r.windsor*americhiplacc.com www.americhiplacc.com SOURCE: AmeriChip International Inc. CONTACT: mailto:r.windsor*americhiplacc.com http://www.americhiplacc.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Composite Indicator -- Signal -- -- Strength -- -- Direction -- Trend Spotter (TM) Buy Maximum Strongest
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Short Term Indicators Average: 60% - Buy
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Medium Term Indicators Average: 50% - Buy
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Long Term Indicators Average: 100% - Buy
Overall Average: 72% - Buy
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. On April 18 2006, Board of Directors of Americhip International, Inc. (the Company) appointed Richard H Rossmann as a director of the Company.
In addition, the Board of Directors of the Company appointed Richard H Rossmann as Executive Director of Manufacturing of the Company and President and Chief Executive Officer AmeriChip Automotive Inc. (AAI), a wholly owned subsidiary of AmeriChip International Inc. (www.americhiplacc.com).
Richard H Rossmann, age 61 has spent over 30 years designing and building world class manufacturing operations in six countries on four continents for such companies as Chrysler and American Axle. From 1991 to the present, Mr. Rossmann has been President of Symtec, Inc., a manufacturing systems technology company providing consulting expertise for major manufacturing, acquisition and joint venture projects for Fortune 100 companies. Since 1999, Mr. Rossmann has been President and Chief Executive Officer of Paramount Precision Products , a precision machining manufacturing company and a director of KOKOMO Spring Company. Mr. Rossmann attended Penn State&$146;s MBA School of International Business.
View: Annual Data | Quarterly Data All numbers in thousands PERIOD ENDING 28-Feb-06 30-Nov-05 31-Aug-05 31-May-05 Total Revenue 48 37 30 26 Cost of Revenue 27 30 14 17
Gross Profit 21 7 16 9
Operating Expenses Research Development - - - - Selling General and Administrative 2,752 1,761 1,198 442 Non Recurring - - - - Others 12 8 10 5
Total Operating Expenses - - - -
Operating Income or Loss (2,742) (1,762) (1,192) (438)
Income from Continuing Operations Total Other Income/Expenses Net 262 (19) (74) (50) Earnings Before Interest And Taxes (2,480) (1,781) (1,266) (488) Interest Expense 23 27 110 122 Income Before Tax (2,502) (1,808) (1,375) (609) Income Tax Expense - - - - Minority Interest - - - -
Net Income From Continuing Ops (2,502) (1,808) (1,375) (609)
Net Income (2,502) (1,808) (1,375) (609) Preferred Stock And Other Adjustments - - - -
Net Income Applicable To Common Shares ($2,502) ($1,808) ($1,375) ($609)
AmeriChip International Inc. Receives Official Supplier Status With General Motors Global Purchasing Tuesday April 25, 8:30 am ET
PLYMOUTH, MI--(MARKET WIRE)--Apr 25, 2006 -- Mr. Richard Rossmann, President of AmeriChip Automotive Inc., a wholly owned subsidiary of AmeriChip International Inc. (OTC BB:ACHI.OB - News), is pleased to announce that AmeriChip has received supplier status with General Motors Global Purchasing. ADVERTISEMENT
As an official supplier to GM, the Company profile has been entered into the GM Global Purchasing system that clears the way for formal contracts and proposals. The Company is now in a position to develop long term supply contracts and production strategies as a Tier One supplier for outsourced products on a global basis.
Mr. Rossmann stated, "The assignment of this vendor number indicates that GM recognizes AmeriChip as a qualified supplier providing major cost reductions in the machining of automotive parts. By providing these cost reductions, I believe that we will play a major role in bringing production back to America that has been finding its way to offshore suppliers."
Headquartered in Plymouth, MI, U.S.A., AmeriChip International Inc., a technology company, holds a patented technology known as Laser Assisted Chip Control, the implementation of which results in efficient chip control management in industrial metal machining applications. This technology provides substantial savings in machining costs of certain automobile parts providing much more competitive pricing and more aggressive sales approaches within the industry.
The innovative AmeriChip business model, enhanced by its AmeriChip Tool and Abrasives subsidiary, is designed to establish an extensive resource for cost saving services and products that all cost conscious industrial steel and aluminum machining companies require. AmeriChip is committed to keeping jobs in America for Americans.
For more information, visit our website at www.americhiplacc.com or, contact R. Windsor at 905-898-2646 or, send an e-mail to r.windsor*americhiplacc.com.
This release may include projections of future results and "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable; it can give no assurances that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations disclosed in this release, including, without limitation, in conjunction with those forward-looking statements contained in this release.
or contact: R. Windsor 905-898-2646 r.windsor*americhiplacc.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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