Amelot Holdings Inc. Announces $.0032 Earnings Per Share Projection for 2008
Wednesday March 19, 11:15 am ET
ATLANTA, March 19, 2008 (PRIME NEWSWIRE) -- Amelot Holdings, Inc. (Other OTC:AMHD.PK - News) announced CEO Aziz Hirji negotiated contracts this week vital to the growth and infrastructure of the company. Amelot continues to aggressively build upon the assets already obtained in order to become a world-wide leader in the development of emerging Jatropha technologies and the production of Jatropha oil.
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Aziz Hirji stated: ``We expect to realize at least 7 million dollars in revenue in 2008. We're moving faster and farther than we expected on many fronts. With new partnerships secured and new contracts signed, I'm confident that Amelot is able to provide shareholder value both now and in the future.''
There are currently 2,224,573,155 outstanding shares. Pro Forma numbers support an estimated $.0008 earnings per share per quarter, or $.0032 per share on an annual basis. The company does not expect the number of outstanding shares to be increased at any time during the next several months.
Aziz Hirji said, ``We have been working diligently behind the scenes for quite some time and are now confident to let the investing community know that Amelot is positioned to become a world leader in the Jatropha oil industry. Shareholders can expect more news from us in the near term as we begin to provide details about our exciting progress.''
