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Microcap & Penny Stocks : OTC: Pink Sheet Stock Picking Challenge

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From: Tomstocks	2/26/2007 7:08:32 PM
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ACMG for March, going to $1.00 PPS on this news! I feel the PPS will be much higher and this one is long term for me. (Market Wire) Alcar Chemicals Group Receives Confirmation of Funds Placed in Es row MONTREAL -- (MARKET WIRE) -- 02/26/07 -- Alcar Chemical Group Inc. (PINKSHEETS: ACMG) announces that it has received confirmation of the initial investment from Siam Renewable Energy Group Ltd being placed in Escrow. The company stated it has received confirmation that the initial investment -- injected by Siam Renewable Energy Group in the form of a convertible loan bearing no interests or capital repayments for 24 months and automatically convertible into shares at the fixed price of $1 per share with the beginning of operations of the first plant -- has now been placed in escrow, awaiting final closing of the definite agreement for release. "I am highly pleased with the quick response of our new partners which once more have proven to share our sense of urgency in commercializing our amazing technology," said Dr. Cavasin, CEO of Alcar Chemicals Group. "With the definite agreement in the respective lawyers' hands for final review I expect this to be signed very shortly," 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.

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