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Gold/Mining/Energy : ACMG - The Alcard Chemicals Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: xcentral1 who wrote (48)	3/12/2007 6:42:08 PM
From: Rascal	Read Replies (1) \| Respond to of 52

ACMG - Official Communique From Bajaj Hindusthan Ltd. via COMTEX March 12, 2007 DELHI, INDIA, Mar 12, 2007 (MARKET WIRE via COMTEX News Network) -- Bajaj Hindusthan Ltd. (BOMBAY: BSE) releases this official statement for and through Alcar Chemicals Group Inc. (PINKSHEETS: ACMG) concerning present work and future plans. Following the confusion created by a misunderstanding in internal communications, Bajaj Hindusthan Ltd (BHL) would like to clarify its relations with ACMG through this official communique. BHL has in fact had discussions with ACMG regarding a possible future licensing agreement since early January of the current year. These discussions have been followed by the signing of a confidentiality agreement after which they intensified towards the process of setting up an optimization project to maximize efficiency when using the entire sugar cane plant. For obvious reasons we will not disclose the details and the end-products envisioned through this optimization we can, however, confirm that these optimizations are being undertaken by ACMG completely free of charge to BHL. Following discussions between our GM of BHL's Chemical Division, who also represented Bajaj eco-tec products ltd. during these talks, BHL will in return agree to let ACMG share the results with few select companies outside India that are using sugar cane as feedstock in their process after mutual consent with BHL. This is not a guarantee, expressed or implied, that BHL and ACMG will be consummating any agreement in any way or form, this is a confirmation that BHL is working closely with ACMG pursuant to a possible future licensing agreement, or any other possible proposals that BHL will see fit at any given time. About Bajaj Hindusthan Ltd. Bajaj Hindusthan Ltd is a leading manufacturer from India of Sugar from sugar cane and also produces ethanol from sugar juice waste and Company has large quantity of sugar cane waste available for value addition. About Alcar Chemicals Group Inc. 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 IR@alcarchemicalsgroup.com SOURCE: Alcar Chemicals Group Inc. mailto:IR@alcarchemicalsgroup.com Copyright 2007 Market Wire, All rights reserved. Rascal@WhatAreThey,Chicken?.com

To: xcentral1 who wrote (48)	3/19/2007 2:04:29 PM
From: Findit	Respond to of 52

10:12 AM EDT March 19, 2007 Alcar Chemicals Group Inc. (PINKSHEETS: ACMG) announced today that Siam Renewable Energy Group Ltd has approved and signed the definitive agreement to acquire the controlling interests of ACMG. According to the company, the definitive agreement was finalized and signed today in Singapore, whereby the Siam Renewable Energy Group Ltd. acquires 55% of the company for a total investment of $282M, a value of over $2 per share. According to the company, the agreement specifies the following: -- Siam Renewable Energy Group Ltd. will inject a total amount of USD $282 million dollars for a total of 137.5 million restricted shares. The first amount of 7.2 million dollars, subscribed as a convertible loan at $1 per share, will go towards the building and start-up of the first plant in Canada, to insure ACMG will be able to meet its contractual obligations, as well as the scale up engineering. The loan bares no interests and no repayment modalities for twenty-four months but will be automatically converted into 7.2 million shares baring a two-year restriction upon completion of the Canadian plant, expected for end of August 2007. -- Warrants are expected to be executed for each of the following four years, in April 2008 7.2 million restricted shares at $1.50 per share, in March 2009 7.2 million restricted shares at $3.50 per share, in February 2010 7.2 million restricted shares at $5 per share and in January 2011 7.2 million restricted shares at $10 per share, these amounts corresponding to the cash input scheduled within the business plan for the projected expansion of ACMG's ethanol production in South East Asia. -- In addition, Siam Renewable Energy Group will complete the forecasted financing of the ethanol facilities for a predetermined fixed amount of shares. The agreement defines that in March 2008 Siam Renewable Energy Group will return 17 million shares to Dr Cavasin from his shares held as security and will invest USD $65 million dollars to receive 30 million shares baring a two year restriction. In February 2009, Siam Renewable Energy Group will return an additional 17 million shares to Dr Cavasin, always from his shares held as security and invest USD $39 million dollars to receive 25 million shares baring a two year restriction. In January 2010, Siam Renewable Energy Group will return an additional 17 million shares to Dr Cavasin and invest USD $27 million dollars to receive 25 million shares baring a two year restriction. Upon completion of the third plant and beginning of construction of the fourth ethanol facility, foreseen for December 2010, Siam Renewable Energy Group will return 11.5 million shares to Dr. Cavasin from the remaining shares held as security and the balance of 5.5 million shares will be transferred to Siam Renewable Energy Group which will receive an additional 16 million shares baring a two year restriction issued to them at that time. -- With the singing of the agreement Dr. Cavasin's resignation as CEO of ACMG and his new position at Siam Renewable Energy Group as COO and Director of Operations becomes effective. The transition is expected no later than by March 27th 2007. ACMG will be restructured according to a most recent plan now being finalized and which will be announced shortly. -- Following the four year expansion plan proposed by Siam Renewable Energy Group, ACMG will be operating five plants in Canada and South East Asia for which present management and shareholders in the float will hold 45% and Siam Renewable Energy Group will hold 55%. -- A final clause added and approved by the two Boards of Directors specifies that Siam Renewable Energy Group will acquire up to 30 million shares in the open market to a maximum of $1.00 per share and said "buy back" is to begin immediately. -- The definitive agreement is schedule to close on or before May 7, 2007. Siam Renewable Energy Group Ltd is an International Business Corporation formed by Private Investors who started different technology funds and venture capital groups active in the energy sector since the early nineties. The successful group will make the information for fund transfers available to ACMG shareholders through their lawyers. All relevant information will be available online at alcarchemicalsgroup.com shortly. About Alcar Chemicals Group Inc. 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 todays 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 IR@alcarchemicalsgroup.com SOURCE: Alcar Chemicals Grp mailto:IR@alcarchemicalsgroup.com