CLINTON TOWNSHIP, Mich., May 28, 2008 (PRIME NEWSWIRE) -- AmeriChip International, Inc. (OTCBB:ACII) announced today the appointment of Kenneth W. Mann as President, Chief Executive Officer and member of the Board of Directors.
Kenneth W. Mann has over 20 years of senior management experience and has managed over 400 employees with operating budgets in excess of $220 million.
Mr. Mann said, "AmeriChip's current business outlook is quite favorable and positive. I'm pleased that AmeriChip's executive team is enthusiastically committed to working with me to help AmeriChip become a major company."
Also, by a written consent of the majority of the holders of AmeriChip International, Inc. capital stock, the following directors have been removed as members of the Board of Directors of AmeriChip International, Inc.: Thomas P. Schwanitz, Edward Rutkowski, William M. Donovan.
Joseph I. Emas and Marc Walther remain as members of the Board of Directors of AmeriChip International, Inc. Marc Walther is Chairman and Chief Technical Officer.
Headquartered in Clinton Township, MI, USA AmeriChip International Inc., a patented technology company, holds a patented technology known as Laser Assisted Chip Control, which can be used to re-engineer the manufacturing process for industrial metal machining applications.
For more information, visit our website at www.americhiplacc.com or; contact investor relations at 905-898-2646 or email 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.