SOURCE: AmeriChip International Inc.

April 19, 2007 11:38 ET

AmeriChip International Inc. Secures Working Capital Line of Credit From Hennessey Capital

CLINTON TOWNSHIP, MI -- (MARKET WIRE) -- April 19, 2007 -- The Board of Directors of AmeriChip International Inc. (OTCBB: ACHI) announced today that it has secured a working capital line of credit from Hennessey Capital, a relationship based finance company that provides innovative working capital solutions for growing businesses.

This Line of Credit will be used to increase working capital securing the outstanding receivables of its wholly owned subsidiary, KSI Machine & Engineering ("KSI").

"The new accounts receivable line enables AmeriChip to fund KSI internal sales growth to Tier One clients, including General Motors, Ford, Magna, Daimler, Chrysler, Honda, Toyota Caterpillar and others, all of whom are also candidates for our patented Laser Assisted Chip Control (LACC) technology," stated Marc Walther, Chief Executive Officer, AmeriChip International.

Mr. Toby Dahm, First Vice President for Hennessey Capital, stated, "We are pleased to be a part of the growth of AmeriChip and KSI as they transition into a significant growth period."

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, 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 or, contact R. Windsor at 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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