ACMG has received a competing bid from a South East Asia Consortium for the acquisition of the majority controlling interest of ACMG, the competing bid was set at a premium from the USSE offer, which represented approximately $2.00 per share. The company expects to disclose the name of the consortium and the offer once all terms and conditions have been established and a letter of intent signed. The letter of intent is expected to be executed on or before February 15, 2007.
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