ACHI .059 General Motors News: AmeriChip International Inc. Receives Its First Two Purchase Orders From General Motors
PLYMOUTH, MI -- (MARKET WIRE) -- 06/28/06 -- The Board of Directors of AmeriCh
p
International Inc.
(OTCBB: ACHI) announced that it has received its first two purchase orders
from General Motors for machining production parts on a large volume
transmission component utilizing the Company's Laser Assisted Chip Control
technology.
"The receipt of these first two purchase orders is the culmination of the
hard work and dedication of the AmeriChip engineering and sales team,"
stated Rick Rossmann, President, AmeriChip Automotive, Inc.
"We are enthusiastic about this opportunity to implement our LACC
technology for one of America's major automakers and establishing
AmeriChip's competitive advantage in addressing chip control problems in
the auto industry.
"The receipt of these purchase orders validates that GM is of the opinion
that the LACC technology is a means of assisting them in establishing their
cost cutting initiatives," Rossmann concluded.
The Company will begin receiving parts for manufacturing by July 15th.
Marc Walther, President & CEO of AmeriChip International Inc., stated, "I
believe that this is the first of many such opportunities that will enable
AmeriChip to demonstrate its commitment to revitalizing the automotive
industry and firmly establishing our LACC technology as a benchmark in
cutting costs in the machining of automotive parts."
Headquartered in Plymouth, MI, U.S.A., AmeriChip International Inc., a
patented 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.
For more information, contact:
R. Windsor
905-898-2646
r.windsor@americhiplacc.com
Visit our website at www.americhiplacc.com
