CHEYENNE, Wyo., Nov. 8, 2006 (PRIMEZONE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) and its wholly owned subsidiary, Amelot Alternative Energy, Inc. Nashua, NH, announces that it has verbally agreed to acquire 20,000 gallons of B99.9 Soy Methyl Ester, bio-diesel, per month, from existing bio-diesel refineries in the Midwest and Mid Atlantic states, for resale to it current prospects of New England based fuel distributors and retailers.
"This acquisition and the relationships we are building with current bio-diesel producers will provide Amelot Alternative Energy, Inc. the ability to develop and service a strong client base with a competitively priced product, before our facility comes online, generating revenue and operating cash for our Nashua, NH facility," stated Allen Giles, President of Amelot Holdings, Inc.
Amelot Alternative Energy, Inc. plans to concentrate on the home heating oil market segment in the Northeast. The National Biodiesel Board, www.biodiesel.org, has identified that 66% of all the home heating oil sold in the U.S. is consumed in the 11 northeastern states. If just 5% of that oil was blended with bio-diesel, it would require over 300 million gallons of bio-diesel; equal to all of the bio-diesel produced in the U.S. last year.
About Amelot Holdings, Inc.
Amelot Holdings, Inc. is a diversified holding company focused on alternative energy and bio-fuels.
The Amelot Holdings, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2149
Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing and access funds from our existing financing arrangements that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.