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(COMTEX) B: Alcar Chemicals Group Signs Letter of Intent With A-M Polymer
B: Alcar Chemicals Group Signs Letter of Intent With A-M Polymer Industries Ltd
MONTREAL, Jun 13, 2006 (MARKET WIRE via COMTEX) --
Alcar Chemicals Group Inc. (PINKSHEETS: ACMG) announces that it has
signed a letter of Intent with A-M Polymer Industries Ltd after
agreeing on the general terms for a licensing contract.
A-M Polymer Industries Ltd had expressed its interest in a licensing
deal with a memorandum of understanding issued in May; the two
companies have now reached an understanding on the terms and
conditions, signing a letter of Intent. "A-M Polymers has been a
customer for years and the established relationship facilitates our
negotiations. I won't say too much at this stage but I can assure you
that a final agreement is imminent," said Alexander Cavasin, CEO of
Alcar Chemicals Group.
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. 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.
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 www.AlcarChemicalsGroup.com
SOURCE: Alcar Chemicals Group
mailto:homer@alcarchemicalsgroup.com
alcarchemicalsgroup.com
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