Compiled list of posts of kslaughter concerning the upcoming news:

6/16/2013	We will have the prototype build[sic] in about 3 weeks, this is a clone of the Avalon without any changes, so it is already tested.  We will be posting pictures of the prototype when we receive it.
6/16/2013	Anyone who want to come to our manufacturing location at 450 H S. Union in Springfield, Missouri is welcome, just give us a call at 855-One-Bitcoin (663-2482) so we can arrange a time to meet you.  Also, just had a meeting last Thursday for the first time with a fellow miner here is Springfield.  His forum name is rustyh17, I am sure if you sent him a PM he would tell you that I am a real person.  He has offered to help us set up our manufacturing line.
6/16/2013	Our prototype is in the process of being build[sic].  The estimate on the time to get it completed is three weeks.  The Avalon clones we are building do not scale, so we will have a trade in program for our customers to protect their investment in our bitcoin mining equipment. How we plan to scale to 1.28 TH/s is with our own PCIe board which uses that interface for communications.  What that does in our system is that it allows up to go from 1 card ~20 GH/s to 64 cards using the main system plus 4 expansion cases.  So 64 cards time 20 GH/s = 1,280 GH/s or 1.28 TH/s Now, to do the 4.8 TH/s is a box uses the same set up above, but has our next generation cards in the unit.  Each card will be 75 GH/s.  These specification are subject to change as we are still working on our 45nm and 28nm chips. The plan for the 45nm and or 28nm chip is to build the card about and an even fast[sic] card with the 28nm chip.
6/18/2013	...our future series will have a motherboard and you will be able to mine LTC with the CPU on those units.
6/18/2013	I have been busy getting our own chip going.
6/18/2013	We are waiting on some results for our own chip before we would make a decision on BFL chips.
6/20/2013	The news we have received is still unfolding and may take a few more days before it is released.
6/20/2013	Don't worry, should AMC need to release more shares to the public, it will be due to the fact that we are in need of capital 1) to develop the chip we are working on, 2) to complete the increase in the hashing rate with the chips we have on order.  3) to increase the hashing rate of the cooperative by purchasing more chips.
6/22/2013	by building the Avalon clones we have gained valuable experience and have hired an excellent Electronic Engineering and Manufacturing Services firm to help us with the design.  We might be a little behind the ball for selling these machines, however AMC will have there own supply of machines by the end of August to start mining with.  These machines will have an ROI at retail (which AMC is not paying) of ~30-45 days.  So, AMC unlike any other mining cooperative does not have to depend on some manufacture i.e Avalon, BFL, KnC or anyone else to get its machines to mine with.  This a very big advantage for AMC and was the plan from the beginning. Now, since AMC is working on developing its own chip, news to come soon on that front, it is very possible that we could move from being behind the ball to being in front of the ball.
6/22/2013	News is coming soon!
6/23/2013	Not yet, hold on to your horses.

It looks like AMC has an Avalon protoype being wrapped up in the next week or two, and news about AMC's own proprietary chip is being released this upcoming thursday.

This along with 5 million shares being sold on BTC-TC after approval tells me that we will be moving forward with AMC's chip design since:


We have a few weeks ahead of us that will be very interesting.

If we make it through August alive, look out.

AMC-PT is a few days now waiting for approval on btct.co and no one has read thoroughly the description?

https://btct.co/security/AMC-PT

Hint: Details tab > Ctrl+F "NRE"