News for 'AMHD' - (Amelot Holdings, Inc. Announces Barbados Project Update)
CHEYENNE, Wyo., Jul 15, 2008 (PrimeNewswire via COMTEX) -- Amelot Holdings,
Inc. (Pink Sheets:AMHD) is pleased to announce that the company is less than 6
weeks away from the official start up of its Barbados subsidiary.
The new subsidiary will focus on recycling the island's used cooking oil,
converting the yellow oil into biodiesel fuel. Handel Callender, Managing
Director, and Greg Hawkins, Business Development Manager, have been hard at work
building a solid and reputable foundation for the new subsidiary as well as
initiating and developing partnerships throughout the island. The National
Parish Ambassador's Program has been the most vital partnership thus far. The
program focuses on community development awareness as part of the Island's
independence celebration. Mr. Callender has begun working with the Parish
Ambassadors of St. Thomas in order to establish a collection program for used
cooking oil. The Parish along with Amelot plans to build the collection program
through education, and public awareness. The Future Centre, a local educational
organization on environmental issues, will be another key counterpart and
partner in educating Barbadians about this renewable energy source. Negotiations
are in the works for Amelot to operate from within the Centre's main facility.
"The development of this new subsidiary is coming along as planned," stated Aziz
Hirji, President of Amelot Holdings, Inc. "We are in the process of adding a new
processing system that could ramp up our production to 15,000 gallons per month,
more than double our original production estimate. This processing system will
be the model for future programs throughout the Caribbean and the world. Our
design is mobile, thus, making it very easy to move and set up in locations with
increasing demands for Biofuel.
"Amelot is looking forward to being a valuable part of the Green Initiative in
Barbados and throughout the Caribbean. Management has been working hard with the
local Parishes, and we hope to begin working closely with the Ministry of
Environment and Barbados Light and Power in order to further educate the public.
Amelot will strive to be a solid foundation and leader in the effort to make
Barbados, and the rest of the Caribbean, more energy self-sufficient and
environmentally responsible."
About Amelot Holdings, Inc.:
Amelot Holdings, Inc. (http://www.amelotholdings.com), a publicly traded
company, is a diversified holding company that has identified Biodiesel 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 US 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=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.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Amelot Holdings, Inc.
By Staff
CONTACT: Amelot Holdings, Inc. John Gernannt 478-254-4138 theopeningbell@cox.net www.amelotholdings.com
(C) Copyright 2008 PrimeNewswire, Inc. All rights reserved.
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INDUSTRY KEYWORD: Business Services
SUBJECT CODE: ENERGY
OIL
INTERNATIONAL
Product Services Announcement
Source: Comtex Wall Street News
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