Alcar Chemicals Group, Inc. (fka ALCX)

[MrBigz]

Doubt it, but you may be on the right track.

what does the bolded section below mean (is it referring to SIAM)?
This NR was before the name SIAM was released

Friday February 2, 8:00 am ET

Alcar Chemicals Group received a competing offer from a consortium of private investors, technology fund and venture capital, further to a recent due diligence process. The group has tabled a combined licensing and financing offer which represents a far better offer for our shareholders with terms and conditions which were presented to USSE and which they declined. The agreements with the Asia fund are being pursued and the next milestone is expected by mid-February.

full NR:

http://biz.yahoo.com/iw/070202/0210624.html