HLK Biotech Holding Group, Inc. (AMHD)

[flyboy9]

NORFOLK, VA, Aug 30, 2010 (MARKETWIRE via COMTEX) -- Amelot Holdings, Inc.
(PINKSHEETS: AMHD) today announced an agreement with Turning Mill Consultants of
Sandwich, Massachusetts resolving a dispute over a $125,000 invoice. Amelot had
retained Turning Mill Consultants to be the Engineering and Procurement
Contractor for the planned biodiesel facility in New England. The containerized
Biodiesel processing equipment was to be manufactured by Fitzsimmons Systems,
Inc. of Syracuse, New York.

Amelot's suit against Fitzsimmons Systems, Inc., and its CEO, Lowell Todd
Fitzsimmons, alleging breach of contract in the failure to deliver the
containerized biodiesel equipment, is currently pending in the New York State
Supreme Court, although the action against Mr. Fitzsimmons has been stayed by
his filing for Chapter 7 bankruptcy protection.

"I am pleased to have been able to resolve this matter with Turning Mill
Consultants and bring it to a satisfactory conclusion. Eliminating this debt
from our balance sheet is a major event for the Company. This will make us more
attractive to lenders, investors, and others wishing to conduct business with
us," said Fred Guarnieri, President and CEO of Amelot Holdings.

The current outstanding common shares balance is 4,309,573,155 and the number of
authorized shares is 4,925,000,000. Mr. Guarnieri currently owns 736,275,000
shares of the Company's common stock. There have been no issuances of additional
shares since August 2008.

About Amelot Holdings, Inc. (PINKSHEETS: AMHD):

Amelot Holdings, Inc. (http://www.amelotholdings.com), a publicly traded
company, is a diversified holding company that has identified Biodiesel as a
multi-billion emerging Biofuel 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.

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.





Contact:

Amelot Holdings, Inc.

1(866)-669-8373

[e-mail]

http://www.amelotholdings.com