posted
boy I wish I sold. What a loss. We can forget $2.00... I guess we can forget .20 Maybe something will change.
Posts: 806 | From: CT | Registered: Dec 2005
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posted
Alcar Chemicals Firms Up International Licensing Program
Feb 1, 2007 11:31:06 (ET)
MONTREAL, Feb 01, 2007 (MARKET WIRE via COMTEX) -- Alcar Chemicals Group Inc. (PINKSHEETS: ACMG) announces today that it is firming up its international licensing program with intensified negotiations in South East Asia.
According to the company, Alcar Chemicals Group is being courted by a number of companies based in Europe, India and South East Asia to license its proprietary technology for the manufacturing of ethanol and polyols from biomass such as non-food crop as well as agricultural and forestry waste. Alcar Chemicals Group was asked to the negotiating table by an Asian licensor with plans for an initial four full scale ethanol plants in Thailand and Malaysia, where a vast amount of waste from sugar cane, rice and other fast growing crop still remain completely unutilized. The potential licensor plans the production of ethanol from cellulose under a licensing agreement using the proprietary technology developed by Alcar. In addition to licensing, the interest was expressed to participate in the funding process in order to accelerate the scale up engineering and implement the planned facilities.
"A select group of capital venture, technology funds and private investors from South East Asia have formed this consortium with whom I had initial contact several months ago and today, after a long evaluation period, have announced that they feel confident enough in our technology to finalize a proposal to license it," said Dr. Cavasin, CEO of Alcar Chemicals Group.
About The Alcar 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) valorization 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 bio-diesel, allowing production at cost savings of up to 40% when compared to current production methods.
-------------------- It is better to be thought a fool than to speak and remove all doubt. Posts: 357 | From: Minnesota | Registered: Jun 2005
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posted
My major concern with this is that it's a pink. Not bashing, but MM's have a field day trying to short this kinda stuff when it takes off. Watch your level II's at all times.
Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006
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posted
Hey if anyone has contact with the CEO please ask if he would like to attend a moderated answering session at my site. http://www.livestockchats.com. I currently pay $100.00 to affiliates per CEO who signs up for the service.Plus you get all of your questions answered from your CEO!
Thanks so much
Posts: 114 | From: St.Pete Florida | Registered: Sep 2005
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posted
Alcar Chemicals Group Receives Competing Offer 8:01a ET February 2, 2007 (Market Wire)
Alcar Chemicals Group Inc. (PINKSHEETS: ACMG) announces today that it has received a competing offer from a consortium located in South East Asia.
According to the company, Alcar Chemicals Group received a competing offer from a consortium of private investors, technology fund and venture capital, further to a recent due diligence process. The group has tabled a combined licensing and financing offer which represents a far better offer for our shareholders with terms and conditions which were presented to USSE and which they declined. The agreements with the Asia fund are being pursued and the next milestone is expected by mid-February.
"The strategic timing of this response shortly after our most recent announcement about our developments with USSE is surprising but also very exciting. It is a bona fide offer representing tremendous shareholder value. Management is now reviewing this premium offer and we will be able to disclose further details in a timely manner," said Dr. Cavasin, CEO of Alcar Chemicals Group. "Evidently we opted to fully concentrate on this offer and, therefore, all further negotiations with USSE have ceased," further added Dr. Cavasin.
About The Alcar 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) valorization 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 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 in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. 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.
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.
Investor Contact: Steven Sung Steven*alcarchemicalsgroup.com
SOURCE: Alcar Chemicals Group
Posts: 798 | From: Malverne, NY, United States | Registered: Jan 2004
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posted
Alcar Chemicals Group Progressing Towards Licensing Agreement in India
MONTREAL, Feb 05, 2007 (MARKET WIRE via COMTEX) -- Alcar Chemical Group Inc. (PINKSHEETS: ACMG) announces today that it is working with Bajaj Hindusthan Ltd. towards a licensing agreement of its technology for the production of ethanol. According to the company, ACMG and BHL have begun work to optimise the process for ethanol production from by-products of the sugar manufacturing process to progress towards a multi-year and multi-site licensing agreement. The company expects to close this licensing agreement, estimated to increase ACMG annual revenues by $30 million US, on or before June 15, 2007.
With an annual production rate of 1.8M metric tons of sugar, Bajaj Hindusthan Ltd. is one of the most prominent sugar manufacturers in the world, a company with a strong environmental consciousness that is already valorizing its molasses using conventional technologies to produce 180K metric tons of ethanol per annum. BHL has ambitious plans to become the world leader in sugar, ethanol and bio-chemicals manufacturing using eco-friendly technologies. The company stated that an economically viable solution will be achieved within 4 to 6 months.
"This is an exciting and welcome development," stated Dr. Cavasin. "To be able to work with such an environmentally conscious company towards a licensing agreement of our technology is everything I could have hoped for as this truly demonstrates that economically viable ecological solutions are quickly becoming a reality even among the biggest corporations. The great potential deal for ACMG is a great step towards a clean planet for our children," further added Dr Cavasin.
It should also be noted that ACMG has received a competing bid from a South East Asia Consortium for the acquisition of the majority controlling interest of ACMG, the competing bid was set at a premium from the USSE offer, which represented approximately $2.00 per share. The company expects to disclose the name of the consortium and the offer once all terms and conditions have been established and a letter of intent signed. The letter of intent is expected to be executed on or before February 15, 2007.
Posts: 806 | From: CT | Registered: Dec 2005
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posted
MONTREAL, Feb 06, 2007 (MARKET WIRE via COMTEX) -- Alexander P. Cavasin, CEO of Alcar Chemicals Group, Inc. (PINKSHEETS: ACMG), issues an update on the latest developments.
Facility -- we have had intensive negotiations concerning the acquisition of our new facility and our agent is presently preparing a final counter offer which, according to the latest indications, will be accepted.
Reactors -- we have weeded through the multiple offers for contracting the reactor manufacturing and have selected the firm. We expect to assign the contracts as soon as the financing is secured.
Contracts on hand -- we have now been able to set a new date and delivery schedule with A-M Polymers, set to begin in September 2007. This a mutually beneficial agreement as it will allow us the necessary time take the reactors online while A-M Polymers commissions the resin manufacturing plant which has fallen 3 months behind schedule.
Licensing -- we are actively working with several corporations who have been courting us for licensing of our technology. Our lab set-up to optimise our technology for use of by-products and wastes from the sugar manufacturing process as feedstock, undertaken as a development project with Bajaj Hindusthan Ltd., has sparked the interest of the SEA consortium. Our future partner has committed to participate in this optimization process by contributing half of the costs involved and has undertaken the necessary steps to transfer the funds this same week in order to accelerate the process.
Financing -- we will be releasing the details we are allowed to make public at this stage tomorrow to keep our shareholders updated on this exciting new development. An LOI is due to be signed on February 15th on location of the first ethanol site in Thailand.
About The Alcar 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) valorization 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 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 in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. 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.
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.
Investor Contact:
Steven Sung
Steven*alcarchemicalsgroup.com
-------------------- "It's a dog eat dog world, and I'm wearing Milkbone underwear." Posts: 16 | Registered: Jan 2007
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Alcar's CEO Provides Clarification on South East Asia Offer
MONTREAL, Feb 07, 2007 (MARKET WIRE via COMTEX) -- Alexander P. Cavasin, CEO of Alcar Chemicals Group Inc. (PINKSHEETS: ACMG), issues an update on the acquisition offer received from the SEA consortium. "I believe the offer tabled by our future partner warrants immediate clarification of its terms and conditions," stated Dr. Cavasin. "In a nutshell, the presently proposed terms and conditions contained in the offer do represent an acquisition of controlling interests by the consortium at a valuation of US$2.05 per share," further added Dr. Cavasin.
According to the company, this partnership between the consortium and ACMG will require four 1M gal daily ethanol plants to be built and located in Thailand and Malaysia, immediately following the completion of the 1st Canadian plant and the scale up engineering, for which, under this offer, the required financing is being provided by the consortium. Although dilution will be kept at a minimum, the consortium will gain controlling interests of ACMG. In order to move the transaction forward, Dr. Cavasin has placed all of his shares into escrow pending the closing of the proposed offer.
The company states that it is now quickly moving towards completing the LOI, which is expected to be signed on February 15th, at which time all terms and conditions will be released accordingly.
Posts: 806 | From: CT | Registered: Dec 2005
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posted
could not find the latest messages on acmg. anyway, has to be up from here. retrace to 39 today....
Posts: 1220 | From: Denver, CO | Registered: Jun 2005
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posted
YES!!!! we are moving up!!! seems like it's gonna be rollercoasters before more PR's .. i took advantage of it the other day and got in at .031 and out at.0375 .. it may do the same thing again, hopefully.. and this thing is oversold. .
-------------------- lostone Posts: 2666 | From: san jose,ca usa | Registered: Sep 2002
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