anybody know anything about AMHD???
This is the second time they receive a LOI, the first one was for $30 million. Any info would be greatly appreciated. TIA and GO NDOL!!!
Kerry Associates Inc. Receives LOI for $70 Million Dollar Financing on Behalf of Amelot Holdings Inc.
Tuesday May 16, 11:12 am ET
BOSTON--(BUSINESS WIRE)--May 16, 2006--Kerry Associates, Inc. announces that the company has received a LOI for $70 Million Dollars in Financing on behalf of Amelot Holdings, Inc. (Pink Sheets: AMHD - News). Based upon initial due diligence and information provided to Remington Financial Group, a letter of interest to Finance $70 million dollars for Amelots Cellulose Ethanol division was received on Friday, May 12th. Eric Cousens, President of Kerry Associates stated "We are establishing a quality relationship with Remington Financial Group. They have shown great interest in Amelots Bio-Diesel and Ethanol projects. We hope to conclude these interests with terms and conditions all sides can agree upon and finalize with a definitive agreement."
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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