CLINTON TOWNSHIP, Mich., March 10, 2008 (PRIME NEWSWIRE) -- AmeriChip International, Inc. (OTCBB:ACII), announced today that it is committed to becoming NASDAQ compliant, especially with the NASDAQ Stock Market rule which requires a company's board to consist of a majority of independent directors.
From the Nasdaq.com web site
"The Board of Directors of The NASDAQ OMX Group, Inc. (the "Company") sets high standards for the Company's employees, officers and directors. Implicit in this philosophy is the importance of sound corporate governance. It is the duty of the Board of Directors to serve as a prudent fiduciary for shareholders and to oversee the management of the Company's business."
For more information please click here http://ir.nasdaq.com/governance.cfm
For more information, visit our website at www.americhiplacc.com or, contact R. Windsor at 905-898-2646 or, send an e-mail to r.windsor@americhiplacc.com.
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.