SOURCE: AmeriChip International Inc.

April 24, 2008 09:15 ET

AmeriChip International Inc. Secures an Additional Working Capital Line of Credit Through InStream Services, Inc.

CLINTON TOWNSHIP, MI--(Marketwire - April 24, 2008) - The Board of Directors of AmeriChip International, Inc. (OTCBB: ACII) announced today that it has secured an additional working capital line of credit through InStream Services, Inc. and its financial institution clients.

"We have been approved for this additional accounts receivable line of credit for an increase in production orders from General Motors from whom the Company has received orders and requests for quotes for our LACC (Laser Assisted Chip Control) technology," stated Marc Walther, President and CEO, AmeriChip International.

InStream Services, Inc. leverages its unique technology platform, processes and relationships with large financial institutions to deliver a more effective working capital strategy to supply chains. The InStream EarlyPay™ solution provides suppliers with an easily accessed, flexible and less expensive source of incremental working capital when bank-provided working capital is insufficient or unavailable.

KSI Machine & Engineering (KSI), a wholly owned subsidiary of AmeriChip, will use the InStream EarlyPay™ solution to increase working capital by selling its outstanding receivables in advance of the scheduled payment date. The sale of these receivables is a true sale, and KSI will receive 100% of the invoice value less the discount paid based upon the advance period.

Mr. Frank Hennessey, CEO of InStream Services, stated, "The growth of AmeriChip over the past year has been significant and we are proud to be part of a financial program to assist in the future exciting development of this company."

About AmeriChip International Inc.

Headquartered in Clinton Township, MI, U.S.A., AmeriChip International Inc., a patented technology company, holds a patented technology known as Laser Assisted Chip Control, 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.

About Instream Services, Inc.

InStream Services, Inc., a wholly owned subsidiary of Hennessey Capital Solutions, is a supply chain finance company based in Huntington Woods, Michigan. InStream Services' patent-pending Web-based technology delivers efficient, cost-effective working capital strategies for supply chain industries worldwide. For more information, please call 877-211-3269, or visit the website at

For more information, visit our website at or, contact Rhonda Windsor 905-898-2646 or, send an e-mail to

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.

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