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Alcar Chemicals Group Announces Its Scientific Advisory Board
MONTREAL, Feb 13, 2007 (MARKET WIRE via COMTEX) -- The following is an announcement of Alcar Chemicals Group Inc. (PINKSHEETS: ACMG) on the company's new Scientific Advisory Board.
ACMG is proud to announce its newly formed Scientific Advisory Board which came into effect on February 2nd, 2007. The board adds to a combined experience of over 100 years in their respective fields and covers every discipline required for the scale up engineering, planning, construction and commissioning of the planned full size ethanol facilities.
The members of ACMG's Scientific Advisory Board are: Alexander P. Cavasin, PhD, with over 20 years of experience in development and commercialization of new technologies; Donald Pepin, P. Eng, with 40 years of experience in the implementation of chemical processing plants; his specialties include mechanical engineering, automation and chemical processing; Evgeny Stefoglo, PhD, with 30 years of experience in chemical reactions; his specialties include catalytic reactions; Martin Beaulieu, PhD, with over 20 years of experience in chemical reactions; his specialties include enzyme development and treatment as well as development of chemical processing plants.
"I will be travelling extensively over the next two weeks to meet our future partners and continue our progress towards licensing," said Dr. Cavasin. "This team will ensure the success with both the scale up engineering and the licensing program for which the technology will be adapted, as we are concentrating on Bajaj Hindusthan Ltd. as well as one of the world's largest PET producers, to ensure the use of sugar cane and its processing by-products will yield maximum efficiency," further added Dr. Cavasin.
The company expects to release the terms and conditions of the letter of intent with the consortium on February 16, 2007.
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 f orward-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.
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