SOURCE: Alcar Chemicals Grp

March 08, 2007 11:34 ET

Siam Renewable Energy Group Ltd. Hires Dr. Cavasin as COO to Assure Operational Success Post Acquisition

MONTREAL -- (MARKET WIRE) -- March 8, 2007 -- Alcar Chemicals Group Inc. (PINKSHEETS: ACMG) releases the news today that Dr. Cavasin will be nominated to the position of COO of its acquiring partner Siam Renewable Energy Group Ltd. and head of the new Alcar Structure post the acquisition of controlling interests of Alcar Chemicals Group Inc.

The company stated that its acquiring partner Siam Renewable Energy Group Ltd. has offered the position of COO and Director of Operations to Dr. Cavasin, the present CEO of Alcar Chemicals Group Inc. Dr. Cavasin has accepted the position this morning and will becoming effective as of the date of signing of the final acquisition agreement.

"With my primary duties, protecting our shareholders' value and securing the implementation of our first plant, now completed, I am ready to take on new challenges," stated Dr. Cavasin. "I am both honored and humbled by the position I've been offered, it is giving me the opportunity and the tools to accomplish far more for our environment than I would have ever thought possible," further added Dr. Cavasin.

According to the company a smooth transition period can be expected as Dr. Cavasin has been given the opportunity to share the task of nominating a new CEO and a highly competent candidate with a proven track record has already confirmed his interest to the executive committee.

The company also stated that a joint press release with BHL is imminent, reiterating that both IR departments are actively collaborating on finalizing the statement.

About Alcar Chemicals Group Inc.

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 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.

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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