LOS ANGELES, Oct. 18, 2007 (PRIME NEWSWIRE) -- IPOdesktop has reviewed the 10Q filed by AmeriChip (OTCBB:ACII) for the quarter ended August 31, 2007, and provides direct quotes below.
For the quarter ended August 31, 2007, Operating Profit and Positive EBITDA for AmeriChip
REVENUE * 34% sequential quarterly increase * $864,000, up from $628,000 for the May 31, 2007 quarter GROSS PROFIT * 174% sequential quarterly increase * $677,000, up from $247,000 for the May 31, 2007 quarter * 78% for the August quarter Positive EBITDA, +13% (earnings before depreciation, interest, taxes & amortization). Operating profit: $7,600 Loss: $106,000 ...click for more http://gaskinsco.com/acii-august10q.htm
AmeriChip research report by IPOdesktop, September 26, 2007 http://www.gaskinsco.com/linkto-acii.shtml
About AmeriChip International
http://www.americhiplacc.com/sections/
ACII enables lower cost, higher quality clean manufacturing by using environmentally-friendly, patented technologies, trade secrets and other intellectual property. The company's mission is to dominate the worldwide dry machining market, particularly the multi-billion dollar metal turning segment for machining steel parts such as axle & drive shafts, connecting rods, axle tubes & hubs and also the multi-billion dollar oil pipe coupling and threading segment
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Disclaimer
DISCLAIMER: This interview is a paid advertisement and is for information purposes only and should not be used as the basis for any investment decision. ID provides ACII with an Internet radio platform for CEO and senior management to communicate with current and prospective shareholders. ID also produces periodic analyst reports for and provides AmeriChip with limited advertising space at the IPOdesktop.com web site, for which ID expects to be compensated at the rate of $5,000 per month starting April 1, 2007. This constitutes a conflict of interest as to ID's ability to remain objective...more http://gaskinsco.com/achi-disclaimer-c.htm