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: xcentral1 who wrote (42)	2/6/2007 9:05:52 PM
From: xcentral1	Read Replies (1) of 52

Alcar Chemicals Group, Inc.: Update From the CEO 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.

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