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any opinions on the news
GOOD NEWS JJ
ACMG NEWS
MONTREAL -- (MARKET WIRE) -- 02/26/07 -- Alcar Chemicals Group Inc. (PINKSHEETS: ACMG) announces today that it has reached an important milestone by consolidating the two contracts with A-M Polymers into a single contract worth $160M over a five year period and automatically renewable.
The company stated that Alcar Chemicals Group has reviewed its two contracts with A-M polymers for raw materials and licensing of its polymer formulation technology and consolidated these into one single contract worth $160 million USD or $32 million USD dollars per annum for a period of five years. According to the company the contract outlines a new delivery schedule starting in September of the current year.
"A-M Polymers is presently building their first resin manufacturing plant which will be ready in August. We are very pleased with the signed contract and are highly confident that we will be able to meet the newly established delivery schedule," said Dr. Cavasin, CEO of Alcar Chemicals Group. "With the cash injection guaranteed by Siam Renewable Energy Group Ltd., which we expect to be finalized very shortly, our initial plant will remain on schedule and we will be able to fulfil our contractual obligations," further added Dr Cavasin.
The company recently announced the signing of a letter of intent with the Siam Renewable Energy Group Ltd., a South East Asia Consortium for the acquisition of a controlling interest of the company with a total investment of $282 million USD, which includes an immediate funding of $7.2 million to complete the Canadian plant and the required scale-up engineering.
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.
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:
NEWS
MONTREAL -- (MARKET WIRE) -- 02/26/07 -- Alcar Chemicals Group Inc. (PINKSHEETS: ACMG) announces today that it has reached an important milestone by consolidating the two contracts with A-M Polymers into a single contract worth $160M over a five year period and automatically renewable.
The company stated that Alcar Chemicals Group has reviewed its two contracts with A-M polymers for raw materials and licensing of its polymer formulation technology and consolidated these into one single contract worth $160 million USD or $32 million USD dollars per annum for a period of five years. According to the company the contract outlines a new delivery schedule starting in September of the current year.
"A-M Polymers is presently building their first resin manufacturing plant which will be ready in August. We are very pleased with the signed contract and are highly confident that we will be able to meet the newly established delivery schedule," said Dr. Cavasin, CEO of Alcar Chemicals Group. "With the cash injection guaranteed by Siam Renewable Energy Group Ltd., which we expect to be finalized very shortly, our initial plant will remain on schedule and we will be able to fulfil our contractual obligations," further added Dr Cavasin.
The company recently announced the signing of a letter of intent with the Siam Renewable Energy Group Ltd., a South East Asia Consortium for the acquisition of a controlling interest of the company with a total investment of $282 million USD, which includes an immediate funding of $7.2 million to complete the Canadian plant and the required scale-up engineering.
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.
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:
If we bust through .04 it's very light above
BZTG light above .04
BZTG HOD .0395
Let's get to that .01 mark today and we could be in for a big green week here IMO
sorry i misread it I apologize still 3 MM at .0085
xtms @ .009 on the move
we need to break through the 52-week high on strength and then it's off to the races
hey weo does shortly mean as in today?
Bid building here
Good start so far this morning
NEWS
BAKERSFIELD, CA -- (MARKET WIRE) -- 02/26/07 -- Xtreme Motorsports of California, Inc. (PINKSHEETS: XTMS) ("Xtreme" or the "Company"), a manufacturer of extreme long travel sandrails, desert and dual sport racecars, continues the planning and development of an advanced line of sandcar transmission systems to reduce delivery times, production costs and offer transmissions to other sandcar and dual sport racecars. As announced in December 2006, the Company is currently working with three organizations to oversee the project management, engineering and manufacturing of the new systems.
In the initial development stages, Xtreme had envisioned manufacturing tiered transmission systems based on capabilities, and consequently, price. However, over the last few months, the Company has decided to design and engineer, for approximately the same cost, a super high-end, race-grade transmission that far exceeds the average product available on the market today applicable across its entry-level and highly customized supercars.
Xtreme anticipates installing the first of the new systems in early 2008 and in all of its racecar lines by the end 2008.
"The engineering, design and testing of any production-line components in your car, boat or RV are years in the making, and we've taking the same approach in the development of these transmissions to ensure we get it right the first time," remarked Alan McCaa, President and CEO of Xtreme Motorsports. "We've given our engineering and design team wide latitude in terms of time to develop the system because it is so critical to our business and product quality.
"Xtreme is here to change the way the world views the sandcar industry; it's no longer an out-of-your-garage business," concluded McCaa.
About Xtreme Motorsports of California, Inc.
Xtreme Motorsports is a manufacturer of custom and production-line sandrails, desert and dual sport racecars. Founded in 1983, Xtreme's sandcars have been sold to customers in England, the United Arab Emirates, Australia, South America and the US. For more information, visit the corporate web site www.xmssandcars.com.
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements and takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.
Contact:
Fairview Investor Relations, LLC
I would be very happy with either of those prices
LET'S GET TO A .01 FIRST
I hear that, hopefully you can buy your boat and everyone can get whatever it is they want
When this hits .125 we are going to take off
Bid .007 (4 MM's) @ .0075 (1 MM)
Good Morning All. Let's hope for another week like last. We had a nice run, no need to panic on friday's selloff that is expected
Good Morning! Hopefully we have a greener week then last
I am long a ton. Losing half my investment as of now. Not selling because i do think there is real potential here but not feeling to good about it right now
hopefully they don't would love to see a strong close, it's been a while
The MM's probably will sell it off again. Hopefully we have a good week next week
been in for a year, holding for the longterm as i see real potential not worried about the recent selloff
Either way we all know what it is so i don't think we will see a rise in PPS. When the official signing of the contract is complete then we shall watch the price go up
what do u k now
.09 last we are up
I think we will not see any drastic movement in PPS until the contract is signed, even if they PR this next week don't see a substantial increase
just goes lower and lower
Brain can you let us know if they respond Please
why would anyone sell with all the potential this company has? I am holding and when i free up money will add as the longterm potential for this company is huge
so then why isn't he share price rising if this is what they are going to announce next week and the public can see this info.
Jersey is that what you were talking about?
no trades in an hour STRANGE
thank-you i figured that once it traded back up, got worried for a second
BZTG just traded at .02
then why are they selling
and we are down again