posted
Nice day - close at .0502 up 12% NITE is still on bid/ask - total control... Rumor on updates from CEO tomorrow.
Posts: 1580 | From: World | Registered: Jul 2006
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MONTREAL -- (MARKET WIRE) -- 09/29/06 -- The following is an update presented by Alexander P. Cavasin, CEO of Alcar Chemicals Group Inc. (PINKSHEETS: ACMG) on the corporation's activities and progress.
Progress has been steady on all fronts and as planned. A more detailed update is available on our website where Dr. Cavasin posted a letter to our shareholders, please feel free to download it at your convenience.
Funding -- the second trench has been completed and the funds were entirely allocated towards engineering.
Facilities & Operations -- negotiations for our manufacturing facilities are now concluded and acquisition procedures are being undertaken. A new occupation period is now foreseen for the third week of October while the plant plans are being finalized.
Other activities -- Audited financial statements are foreseen to be ready before the end of November.
"As far as IR/PR is concerned, I have opted against this approach as I personally do not believe that it would increase our visibility in a positive manner. I believe I am serving our investors a lot better by allocating the funds that would be required for such publicity stunts towards operations instead. I will, however, make true on my promise to better respond to our investors by implementing our own IR and a specialist will be hired and brought up to date during the month of October," said Dr. Cavasin when asked about this subject.
Since our existing contracts already require the full capacity of three reactors, our marketing efforts have now been oriented towards licensing of our biomass conversion technology. Negotiations with A-M Polymers towards grouping the two contracts into one single agreement including a delivery schedule have been successful. Dr. Cavasin will be meeting M. Terki next week to finalize the new contract during his rigorous schedule throughout Europe and South-East Asia where he follows up on three developing prospects for licensing now engaged in serious talks.
Dr. Cavasin promised an in depth update of the developments upon his return.
About Alcar Chemicals Group
The Alcar Chemicals Group (PINKSHEETS: ACMG) represents a significant market opportunity due to a serious worldwide supply shortage of raw materials for polymers as well as an increased requirement for ethanol and biodiesel. ACMG has been concentrating on innovative methods for biomass valorisation for the past decade, specifically petroleum-independent fuel and plastics resin production. It's proprietary technology represents today's most economical and advanced manufacturing process for plastic raw materials, ethanol and bio-diesel, allowing production at cost savings of up to 40% when compared to current production methods.
Important Information About Forward-Looking Statements
All statements and information in this news release, other than historical facts, are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties which are subject to section 27A of the Securities Act of 1933 and section 21E of the Exchange Act of 1934, and are subject to safe harbor created by these sections. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct and actual results may vary.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact Info: Homer Pateridis Investor relations consultant Tel 514-952-5251 homer*alcarchemicalsgroup.com http://www.AlcarChemicalsGroup.comPosts: 1580 | From: World | Registered: Jul 2006
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MONTREAL -- (MARKET WIRE) -- 11/09/06 -- The following is an update presented by Alexander P. Cavasin, CEO of Alcar Chemicals Group Inc. (PINKSHEETS: ACMG) on the corporation's progress.
Several developments can be reported including financing and operations.
On the financing side, our negotiations for an improved financing structure are proceeding well and an announcement may be expected shortly with the details of the structure.
On the operations side, we are presently selecting the subcontractor for the construction of the initial three reactors and expect to be able to award the contract shortly. The procedures for the acquisition of our facility are proceeding slower than foreseen but the delays will not affect the overall schedule as we will be moving into an existing and well-suited building. The facility is in the Parc Industriel et Portuaire de Becancour, near Three Rivers, in Quebec, Canada. The facility is comprised of an existing 25,000 sqft building situated on a 370,000 sqft lot and its convenient location by the port offers access to shipping, rail and highway as well as an adequate pool of qualified labour.
Our website features an updated FAQ section and we encourage everyone to visit our site for more in depth details on our progress.
For additional information please contact Steven Sun at: steven*alcarchemicalsgroup.com and please visit our website: www.alcarchemicalsgroup.com
About Alcar Chemicals Group
The Alcar Chemicals Group (PINKSHEETS: ACMG) represents a significant market opportunity due to a serious worldwide supply shortage of raw materials for polymers as well as an increased requirement for ethanol and biodiesel. ACMG has been concentrating on innovative methods for biomass (forestry waste, agricultural waste and non-food crop) valorisation for the past decade, specifically petroleum-independent fuel and plastics resin production. It's proprietary technology represents today's most economical and advanced manufacturing process for plastic raw materials, ethanol and bio-diesel, allowing production at cost savings of up to 40% when compared to current production methods.
Important Information About Forward-Looking Statements
All statements and information in this news release, other than historical facts, are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties which are subject to section 27A of the Securities Act of 1933 and section 21E of the Exchange Act of 1934, and are subject to safe harbor created by these sections. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct and actual results may vary.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
U.S. Sustainable Energy Corp. to Acquire Controlling Interest in Alcar Chemicals Group, Inc.
Three Biomass Conversion Facilities Planned for Canada and a Plant With 275 Reactors Planned in USA
NATCHEZ, MS -- (MARKET WIRE) -- 12/06/06 -- U.S. Sustainable Energy Corp. (PINKSHEETS: USSE) announced today that it has signed a memorandum of understanding to acquire a controlling interest in Alcar Chemicals Group, Inc. (PINKSHEETS: ACMG) (http://www.alcarchemicalsgroup.com)
John Rivera, CEO of USSE, stated, "We are very pleased to announce this preliminary milestone today. Alcar has totally unique and proprietary technologies that separate it from the very few competitors in the renewable natural resources and biofuels marketplace. Alcar utilizes the most advanced biomass conversion technology to manufacture plastic and polymer raw materials and biofuels from non-food crop as main feedstock. They will provide us with additional complementary technologies that will further lower our manufacturing costs and provide further economies of scale. We will now be able to offer Ethanol, Ethylene Glycol, Propylene Glycol, and Ethyl Ester (biodiesel) synthesized from ethanol and vegetable oil in addition to our existing suite of products, which include 7-3-7 organic fertilizer and unique biofuels derived from soy and corn.
Alcar will work closely with USSE to design and implement the reactors in both Canada and the USA. Furthermore, USSE will ensure that existing contracts in place at Alcar totaling 160 million dollars over five years will be fulfilled. USSE expects to issue approximately 5 million restricted shares of USSE and 5 million restricted shares of its subsidiary company, Sustainable Power Corp. (SPC), at the closing of the definitive agreement expected within the next two weeks.
About Alcar Chemicals Group
The Alcar Chemicals Group represents a significant market opportunity due to a serious worldwide supply shortage of raw materials for polymers as well as an increased requirement for ethanol and biodiesel. ACMG has been concentrating on innovative methods for biomass (forestry waste, agricultural waste and non-food crop) valorisation for the past decade, specifically petroleum-independent fuel and plastics resin production. Its proprietary technology represents today's most economical and advanced manufacturing process for plastic raw materials, ethanol and biodiesel, allowing production at cost savings of up to 40% when compared to current production methods.
About U.S. Sustainable Energy
USSEC holds patent pending technology for a new breakthrough biofuel and carbon based fertilizer. USSEC has successfully demonstrated the most cost effective method of producing biofuel estimated at $.50/gallon according to exhaustive studies and independent Lab confirmation. The company has developed the process, units and catalyst that will transform agricultural biomass into biofuel and fertilizer. This technology offers a solution for foreign oil dependence, balancing industrial and agricultural concerns with environmental issues and stabilizing and eventually reversing global greenhouse gas emissions. USSEC's research and development has successfully demonstrated the core technology in its fully functional facility located in Port Gibson, MS. The company is currently pursuing fully scalable implementation and deployment at further locations. Unlike other biomass gasification, the USSEC process can operate at a variety of scale, converting even waste biomass into fuel and fertilizer. The fuel produced will ultimately be more valuable than ethanol or methanol, and the USSEC process can convert biomass materials at an efficiency that cannot be matched by currently planned operations. In addition, unlike virtually all other approaches for biomass to energy, which deplete soil nutrients, the USSEC process restores and enhances soil mineral and carbon content. As a direct result of this revolutionary approach to integrated energy and fertilizer production from biomass, the USSEC process effectively removes Greenhouse Gases from the atmosphere, and can do so profitably before the value of Green Certificates and Carbon Credits are considered.
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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posted
maybe, but I've seen many pennies throw the RSI levels right out the door. I rode NWOG yesterday from .055 and sold today at .12, RSI was peaked out the whole time... moving back up again! should be interesting either way!
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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posted
news did not even show up over at the allstocks ots news links yet, so the news is limited unless you are looking for this on market news, a little bit of time for it to show up, will fly.. Posts: 572 | From: usa | Registered: Aug 2006
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posted
About time, rode this thing in the ground from .044 over the past 4 omnths then averaged down to .036 hoping to just get back to even. Let it run!
Posts: 678 | From: Boise, Idaho | Registered: Nov 2005
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