Replies to post #2968 on HLK Biotech Holding Group, Inc. (AMHD)

[skunksyard]

don't know, but the RI activity should be here soon if it is on target and maybe that's why folks are holding?

Amelot Holdings Announces Plans for Rhode Island Facility
Wednesday April 18, 9:30 am ET
Facility Provides Additional Momentum Needed to Acquire and Build Long Term Relationship With Regional Distributors Throughout the Northeast


OSTERVILLE, Mass., April 18, 2007 (PRIME NEWSWIRE) -- Amelot Holdings, Inc. (Other OTC:AMHD.PK - News), a leading manufacturer of Renewable Fuels to reduce dependency of fossil fuels, today announces plans for a Rhode Island facility. This event follows after signing a Memorandum of Understanding with A202 Managing Partners of Lincoln, RI to produce biodiesel at a future approved processing unit in Pawtucket, RI.


The Rhode Island facility will be distinct in its functional purpose as Amelot will contract operations services from A202 to produce a 6 MGPY of agri-biodiesel to service the New England market.

The technology for this establishment has been fabricated, tested and is currently in transit. The implementation will start by the end of April and be completed by the end of July. Most of the infrastructure including logistics is currently in place. Product testing, certification and production will start shortly thereafter.

``Rhode Island has an excise tax credit of .25 per gallon for agri-biodiesel produced in state that many distributors will be able to leverage to offer lower priced and profitable blend transportation fuels,'' states Allen Giles, president of Amelot Holdings, Inc. ``By Amelot expanding its facilities to Massachusetts and now in Rhode Island is an effective indication of Amelot concurrently expanding its industrial and relationship base throughout the Northeast.''

About Amelot Holdings

Amelot Holdings, Inc. (http://www.amelotholdings.com), a publicly traded company, is a diversified holding company that has identified a projected $20 billion opportunity to manufacture renewable fuels to supply the growing demand and to reduce the dependency and environmental impact of fossil fuels. Amelot Alternative Energy Group, a wholly-owned subsidiary of Amelot Holdings, Inc., is focused on the production of these renewable fuels, with an emphasis on biodiesel. Amelot Holdings, Inc. also owns the following alternate energy and renewable fuel companies: Amelot Commodities Group, and Amelot Alternative Energy, Inc.

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 or the occurrence of unanticipated events.

Internet address is http://www.amelotholdings.com.



Contact:
ALLK Co. for Amelot Holdings
Media contact:
Samantha Freire
[phone]
[e-mail]


--------------------------------------------------------------------------------
Source: Amelot Holdings, Inc.

http://biz.yahoo.com/pz/070418/117601.html

[skunksyard]