ACMG - The Alcard Chemicals Group, Inc. Message Board

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Gold/Mining/Energy : ACMG - The Alcard Chemicals Group, Inc.

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To: jmhollen who wrote (29)	2/2/2007 8:35:14 AM
From: xcentral1	Read Replies (1) of 52

YIKES!!!! Alcar Chemicals Group Receives Competing Offer MONTREAL, Feb 02, 2007 (MARKET WIRE via COMTEX) -- 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.

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