Alcar Chemicals Group Inc. (PINKSHEETS: ACMG) releases the news today that its acquiring partner, Siam Renewable Energy Group Ltd, has finalized the company's restructuring plan.
The company stated that, pursuant to the finalization of the acquisition agreement and the hiring of Dr Cavasin as COO of acquiring partner Siam Renewable Energy Group Ltd., ACMG will be restructured into two companies. ACMG Inc. (for Alcar Chemicals Manufacturing Group), will remain in effect as the operating company synthesizing ethanol, polyols and sweeteners from renewable natural resources and bio-waste. ARTL Inc. (for Alcar Renewable Technology Licensor) will be dedicated to building reactors and licensing the different technologies. ARTL will be licensing its BTE and BTP ( bio-waste to ethanol and Bio-waste to Polyol) technologies for industrial scale applications world-wide. In addition ARTL will be selling small ethanol synthesizers, ranging in production capacity from 100 gallons per day to 1,000 gallons per day, designed for use by fruit orchards, municipalities and counties managing forest territories and of course farming operations. Furthermore a series of residential scale waste to natural gas and waste to hydrogen synthesizers will also be brought to market through ARTL within the next twelve months.
According to the company, following the restructuring program ACMG is expected to reach approximately 750 million dollars in revenues by 2010 while ARTL is expected to gross 1 billion dollars yearly as of the same year.
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.
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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.
