Wed, 18 Oct 2006 7:24:00 PDT
MONTREAL -- (MARKET WIRE) -- 10/18/2006 -- The following is an announcement presented by
Alexander P. Cavasin, CEO of Alcar Chemicals Group Inc. (
ACMG has finalized and filed a first patent application for its proprietary technology of converting agricultural waste and non food-crop into plastic raw materials -- materials used in the fabrication of polyethylene, PET, polyester and polyurethane resins and more -- for a constantly growing plastics manufacturing industry which is already accusing worldwide supply shortages and increased costs related to petroleum.
"As you may or may not know, our strategy to protect our technology has been through provisional patents, which allowed us to keep several details secret while insuring our priority to file. This is now our first worldwide patent with applications filed in Canada, the USA, Europe, Asia and South America and will be followed by an additional two patents presently being finalized," said Dr. Cavasin.
"By moving beyond this important milestone ACMG reached a new phase in commercializing this innovative technology -- a phase that will allow us to become a lot more forthcoming on public disclosure, providing an essential tool for negotiating licensing agreements and enabling us to better communicate our ongoing progress," further added Dr. Cavasin.
About Alcar Chemicals Group
The Alcar Chemicals Group (
For additional information please contact Steven Sun at: steven@alcarchemicalsgroup.com
Please visit our website: www.alcarchemicalsgroup.com
To hear more about ACMG from Alexander P. Cavasin go to: http://www.publiccoreport.net/featured/ACMG/company.asp
Important Information About Forward-Looking Statements
All statements and information in this news release, other than historical facts, are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties which are subject to section 27A of the Securities Act of 1933 and section 21E of the Exchange Act of 1934, and are subject to safe harbor created by these sections. 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 and actual results may vary.
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.
Contact: Steven Sun steven@alcarchemicalsgroup.com
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