H O T_S t o c k for your attention.
AmeriChip International Inc (ACHI)
Current Price: 0.037
Does it Sound New and Exciting to You? Watch This One Trade Monday.
The Board of Directors of AmeriChip International Inc. announced that
AmeriChip plans to enter into a license agreement with KSI Machine &
Engineering, Inc. for the use of AmeriChip's Laser Assisted Chip Control
technology. The Company's laser and robot delivered to the KSI facility
is now operational. KSI and AmeriChip are also negotiating a joint
venture relationship, from which AmeriChip will generate revenues from the
application of its proprietary technology in a Tier One environment.
KSI is a well-established Tier One Supplier Company based in Michigan.
KSI is a leader in machining large industrial castings and molds for
the automotive and aerospace industries utilizing state-of-the-art CNC
machinery that has revolutionized die machining. The benefits of this
advanced technology to customers include reduced machine time,
unparalleled machining accuracy, and less time through try-out.
On June 20, 2005, the Company notified Cornell Capital that the Company
will not be proceeding with the Standby Equity Distribution Agreement
and would not be drawing down any common stock pursuant to the Standby
Equity Distribution Agreement. The Board of Directors determined that
this action was in the best interest of the shareholders and will prevent
any further dilution to the current issued and outstanding shares.
Headquartered in Plymouth, Mich., AmeriChip International Inc. 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 s
a v i n g s in machining costs of certain automobile parts providing
much more competitive pricing and more aggressive sales approaches within
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.
About the Company
AmeriChip International Inc., through its wholly owned subsidiary
AmeriChip Ventures, Inc. has developed a patented technology, supported by
15 years of engineering, designed to eliminate the long and often
dangerous ribbon-like steel chips that tangle around moving tool parts,
automation devices and other compontents essential to the machine processing
of low to medium grade carbon steels and non-ferrous metals. The result
of this process is a superior product, manufactured in a safer working
environment, avoiding many of the health and safety issues associated
with traditional metal processing methodologies, while offering
potential cost s a v i n g s int the billions of dollars.
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this One Trade Monday And ALL THIS WEEK! Go ACHI.
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