Southborrough Ventures Inc. announces stock dividend and letter of intent with AmeriChip Ventures Inc.

    VANCOUVER, Jan. 28 -- The Board of Directors of
Southborrough Ventures Inc. is pleased to announce a stock dividend of 3
common shares for each 1 common share held as at the record date of
01/23/2003. Shareholders of record will receive 3 additional shares of the
Company's common stock which are to be distributed on 01/27/03 by the
Company's transfer agent.
    The Board of Directors is also pleased to announce that the Company has
signed a Letter of Intent with AmeriChip Ventures, Inc. ("AVI") of Detroit,
Michigan. In the proposed transaction, the Company will acquire 100% of the
shares of the common stock of AVI under a re-organization under Section
368(a)(1)(B) of the Internal Revenue Code of 1986, as amended, in exchange for
22,500,000 shares of the Company's convertible preferred shares. In order to
facilitate the acquisition, the Board of Directors approved an amendment to
the Company's Articles of Incorporation to authorize the issuance of up to 50
million shares of preferred stock. This amendment to the Company's Articles of
Incorporation will be submitted for shareholder consent and approval at a
special shareholders meeting to be held in February, 2003.
    AmeriChip Ventures, Inc. is licensed by AmeriChip, Inc. to implement
their patented Laser Assisted Chip Control process. AmeriChip has been granted
concept approval by a large Tier One auto maker and is in "implement ready
stage" to supply major auto manufacturers. This process is designed to
eliminate the "chip-control" problem created when steel parts such as axles,
drive shafts and hubs are machined to required specifications. Prior to
securing a purchase order, AVI must first conduct trials on specified parts in
order to submit an accurate price quote for a specified quantity of parts to
be produced. AVI has conducted trials with major automobile manufacturers and
have proven cost savings in excess of 50%. AVI has recently successfully
conducted trials on stem-pinions, a drive shaft component, and has provided a
price quote for a specified production run and now is awaiting its first order
from a Detroit based automobile parts manufacturer.

    Southborrough Ventures, Inc. trades on the OTC:BB (SBBV).
    For more information contact John Taylor or Chris Young at 1-604-460-8685

    This release may contain forward-looking statements that involve risks
and uncertainties. Actual results may differ materially from the results
predicted. Important factors which could cause actual results to differ
materially from those expected or implied in the forward-looking statements
are detailed in filings with the Securities and Exchange Commission made from
time to time by Southborrough Ventures, Inc. including its periodic reports on
Forms 10-K, 10-Q, and 8-K. Southborrough Ventures Inc. undertakes no
obligation to release publicly any revisions to any forward-looking statements
to reflect events or circumstances after the date hereof.