Zeons Corporation (ZEON)

[Beanpower]

Is ACMG going to compete with USSEC, or license our tech?


http://app.quotemedia.com/streamer/newsItem.htm?storyId=5071452&;topic=ACMG


Some highlights.....not entire PR



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.