AmeriChip International, Inc. Clarifies Recent Unauthorized Press
Releases
CLINTON TOWNSHIP, MI, Jul 18, 2008 (MARKET WIRE via COMTEX News Network) --
AmeriChip International, Inc. (OTCBB: ACII) announced today in the
past 17 days a number of releases have been distributed to the media
or via the internet by Mr. Francis Gaskins of IPODeskTop.
None of the releases issued since July 1, 2008 have been sanctioned
by the Company. The Company informed Mr. Gaskins, in writing, on July
1, 2008 that he had no such authority to disseminate information
pertaining to the Company without prior written board approval.
Mr. Gaskins violated this instruction on July 1, 2008, July 11, 2008
and July 17, 2008 as no written consent was given.
The Company is investigating the source of the unauthorized release
of material non-public information. This information was inadvertently
made public as a result of an unauthorized email to an AmeriChip
shareholder from Mr. Gaskins.
Mr. Gaskins knew or ought to have known that the release of the
material non-public information is in direct violation of United
States securities laws.
The Company has confirmed that the "release" of July 17, 2008 was not
disseminated via PrimeNewswire as suggested.
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.
Contact:
Investor Relations
905-898-2646
email: r.windsor@americhiplacc.com
SOURCE: AmeriChip International, Inc.
mailto:r.windsor@americhiplacc.com