DETROIT, MI, June 28 /PRNewswire-FirstCall/ -- The Board of Directors of AmeriChip International Inc. (the Company) (OTC- BB ACHI) is pleased to announce that it has signed a Letter of Intent to purchase the Nasco Brand name of products. This line of abrasive products has been sold throughout the United States and Canada for many years. The Company believes that the acquisition of this brand and its inventory will allow its subsidiary, AmeriChip Tool and Abrasives, to immediately generate sales by offering a wider breadth of products for all its current and future customers who require abrasive products in their manufacturing processes. Abrasives are typically used in the process after machining. The purchase of this brand name is indicative of the implementation of the business model intended to quickly generate revenues which the Company believes has the potential to add $1 million in sales in the first year.
Ed Rutkowski, President of AmeriChip Tool and Abrasives is pleased to announce the appointment of Mr. Richard Zyla as Vice President, Engineering, effective immediately. Mr. Zyla brings to this position 24 years of experience in the manufacturing industry in both processing parts and running production. In addition, Mr. Zyla has eight years as an abrasives engineer with extensive applications and process experience. Mr. Zyla's principal role will be as a tooling and abrasives application engineer. He will also direct and design new products, promotions and design all special formulations for new applications in the abrasives area. In addition, he will be assisting AmeriChip International Inc. with the implementation of the Laser Assisted Chip Control process throughout the automotive industry.
Headquartered in Detroit, Michigan, U.S.A., 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 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.
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 assurance 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.
AmeriChip International Inc.
Ed Rutkowski, President of AmeriChip Tool and Abrasives is pleased to announce the appointment of Mr. Richard Zyla as Vice President, Engineering, effective immediately. Mr. Zyla brings to this position 24 years of experience in the manufacturing industry in both processing parts and running production. In addition, Mr. Zyla has eight years as an abrasives engineer with extensive applications and process experience. Mr. Zyla's principal role will be as a tooling and abrasives application engineer. He will also direct and design new products, promotions and design all special formulations for new applications in the abrasives area. In addition, he will be assisting AmeriChip International Inc. with the implementation of the Laser Assisted Chip Control process throughout the automotive industry.
Headquartered in Detroit, Michigan, U.S.A., 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 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.
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 assurance 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.
AmeriChip International Inc.
