ACII have AmeriChip International Inc. exposed to more stock investors 800.940.6559.

AmeriChip International Inc. Details:

AmeriChip International, Inc., together with its subsidiaries, engages in developing patented technology for use in manufacturing. It develops Laser Assisted Chip Control technology, which is applicable to metal component that requires precision finishing. The company’s technology eliminates ribbon-like steel chips that tangle around moving tool parts, automation devices, and other components essential to the machine processing of low to medium grade carbon steels, and nonferrous metal parts. It serves automotive, oil production and refining, aerospace, heavy truck, off-road construction, defense contractors, and farm implements manufacturing markets. AmeriChip has strategic alliances with G...
May 16, 2008 1:02 PM ET
INDUSTRIALS SECTOR
 | 
MACHINERY INDUSTRY

AmeriChip International Inc.

(ACII:OTC BB)

LAST $0.02 USD
CHANGE TODAY 0.00 0.00%
VOLUME 524.9K
ACII On Other Exchanges
As of 12:23 PM 05/16/08 All times are local (Market data by Reuters is delayed by at least 15 minutes).
OPEN
$0.02
PREVIOUS CLOSE
$0.02
DAY HIGH
$0.02
DAY LOW
$0.02
52 WEEK HIGH
06/6/07 - $0.14
52 WEEK LOW
04/23/08 - $0.02
MARKET CAP
4.4M
AVERAGE VOLUME 3 mo
452.8K
DILUTED EPS TTM
--
SHARES OUTSTANDING
222.2M
ACII Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

ACII Details

Detailed Description...
www.americhiplacc.com
32 Employees
  Latest 10-K
  Latest 10-Q
More SEC Filings...

Top Compensated Officers

Mr. Marc Walther
Chairman of the Board, Chief Executive Office...
Age: 51
Total Annual Compensation: $70.0K
Mr. Thomas P. Schwanitz CPA
Chief Financial Officer, Director, Member of ...
Age: 57
Total Annual Compensation: --

Executives, Board Directors

Compensation as of Fiscal Year 2007.

Key developments

AmeriChip International Inc. wins Contracts for Open-Ended Production Orders

AmeriChip International Inc. announced that it has secured contracts to manufacture camshafts for a Detroit-based domestic auto manufacturer. The contracts, which are open-ended, call for variable monthly shipments on an escalating scale of camshafts to be sent to assembly plants and automotive aftermarket locations throughout North America. These open-ended contracts represent a significant strategic business shift for the Company and lay the foundation for anticipated production orders for AmeriChip´s patented Laser Assisted Chip Control (LACC) technology. The LACC technology is deliverable to major manufacturing customers by licensing, or producing lasered parts and by producing complete subassemblies. The first shipment of camshafts left the AmeriChip headquarters in Clinton Township, MI in April 2008 and shipments continue on a weekly basis.

AmeriChip International Inc. Appoints William M. Donovan to the Board of Directors

AmeriChip International Inc. announced that Mr. William M. Donovan has been appointed to the Board of Directors of the Company, effective immediately. William M. Donovan has garnered extensive experience as a corporate and trial litigator with more than 30 years experience, Mr. Donovan and his firm, The Donovan Law Group, have represented public and private companies in a variety of negotiated transactions, including Mergers and Acquisitions, Shareholder and Partnership Agreements, Corporate Resolution Documents, Buy-Sell Agreements, Real Estate Transactions, Construction Litigation, Commercial Litigation, Employment Litigation, Shareholder and Partner Disputes Business Planning.

AmeriChip International Inc. Ships Production Parts to the Mining Industry

AmeriChip International Inc. announced it is currently manufacturing and shipping production orders for mining industry service parts that include Conveyor wheels, shafts, sprockets and large diameter gears. The Company is working closely with local casting manufacturers who cast the various parts which are delivered to AmeriChip for finishing and shipping to the customer. During the finishing process, the Company implements the LACC process, where required, resulting in improved operating efficiency & higher throughput. These components are consumable creating a significant and growing demand in this multi-billion-dollar industry. The Company has an open-ended contract to supply these types of parts. The entry into this industry segment is commensurate with the fiscal year 2008 business plan for diversification into various target markets.

ACII, chart, AmeriChip International Inc.

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Price/Book 13.5x
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