CHEYENNE, Wyo., May 22, 2006 (PRIMEZONE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) is pleased to announce that the initial Bio-Diesel processing equipment that was ordered on April 24th has been received by the supplier. The supplier will test the equipment for any defects by producing a batch at their facility.
The equipment is expected to be shipped later this week to the Company's subsidiary, Amelot Alternative Energy, Inc., in New Hampshire. It is expected that the equipment will be installed and producing with in four weeks from the shipping date.
"We are extremely pleased that our initial equipment has been received by the supplier. Demand for bio-diesel products is robust and we have sales orders already in place. We are confident that our business model positions us for continued strong gross margin performance. We expect to exceed $2.5 million in revenues from this facility in the first year of operations," said Aziz Hirji, President of Amelot Holdings.
About Amelot Holdings, Inc.
Amelot Holdings, Inc. is a diversified holding company focused on acquiring under-valued, high-growth firms and properties in the natural resource industry. For more information on Amelot Holdings Inc. Visit www.amelotholdings.com. 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.
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