Just got my order at 0.0004, back in this one, this company is really coming ahead
Latest PRAmelot Announces Formation of Amelot Oil, Inc.
CHEYENNE, Wyo., May 7, 2008 (PrimeNewswire via COMTEX) -- Amelot Holdings, Inc.
(Pink Sheets:AMHD) today announced the formation of its new subsidiary, Amelot
Oil, Inc. (\"AOI\"
This new subsidiary was formed in order to focus on the biodiesel production
aspect of the company\'s business plan. All worldwide feedstock and fuel
production revenues will fall under this newly formed subsidiary, including the
recently announced Three Rivers Biofuel acquisition and the Native Sun NRG of
the Island of Barbados. The company hopes to announce more potential projects
under this new subsidiary in the near future.
Amelot Holdings, Inc. wishes to clarify that Jatropha Biofuels Technologies,
Inc. (JBTI), another subsidiary of Amelot Holdings, Inc., will remain focused on
the technology side of the business. Revenues generated from the DynaSep
Project, plant cloning projects, and other technology based endeavors will
remain under this Jatropha subsidiary.
\"I am very excited to share this news with all of our shareholders and
investors,\" stated Aziz Hirji, President of Amelot Holdings, Inc. \"This is one
of the many steps we feel we must take in order to reach our growth projections.
Focusing on all production projects under AOI, and all technology projects under
JBTI, will allow us to become more efficient as our revenue streams develop.\"
Mr. Hirji went on to say, \"In the future, our goal is for all Amelot
subsidiaries to become successful enough to act as separate functioning
companies, each potentially trading publicly on their own.\"
About Amelot Holdings, Inc.:
Amelot Holdings, Inc. (http://www.amelotholdings.com), a publicly traded
company, is a diversified holding company that has identified Bio-diesel as a
$20 billion emerging market. Amelot plans to have a significant market share in
growing low cost feedstocks to supply the growing demand for biodiesel, to
reduce energy dependency of fossil fuels, to help reduce the U.S. dependency on
foreign oil supplies and reduce the impact of energy on our environment.
The Amelot Holdings, Inc. logo is available at
http://www.primenewswire.com/newsroom/prs/?
pkgid=2149Statements 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.
This news release was distributed by PrimeNewswire,
www.primenewswire.comSOURCE: Amelot Holdings, Inc.
By Staff
CONTACT: Amelot Holdings, Inc. (646) 552-4000
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(C) Copyright 2008 PrimeNewswire, Inc. All rights reserved.
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INDUSTRY KEYWORD: Business Services
SUBJECT CODE: ENERGY
Company Announcement
[Straight from scottradeelite]
