CHEYENNE, Wyo., Jan. 16, 2007 (PRIME NEWSWIRE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) is pleased to announce that Amelot Commodities, a division of the Company, has received its second rail car shipment of Bio-Diesel into Boston, Massachusetts. The Bio-Diesel will be for sale and redistribution to the Company's growing client base in the Northeast.
America's Bio-Diesel industry is predicted to add $24 billion to the U.S. economy between 2005 and 2015. The President's fiscal year 2007 Budget includes $50 million for clean diesel programs, which is a $38 million increase, and $11 million for implementation of the Renewable Fuels Standard.
"Developing our client base and working though all the relationship and logistic issues before our Nashua, New Hampshire facility is in production is extremely important to the success of the project. We hope to have the facility just about sold out before it starts up," says Allen Giles, President of Amelot Holdings, Inc.
The Company recently announced that Amelot Commodities took delivery in December of its first rail car of Bio-Diesel into Boston, Massachusetts for distribution to various customers in the region. Amelot Commodities Groups' clients will take receipt of the environmentally friendly, renewable fuel product throughout the month for blending and distribution.
About Amelot Holdings, Inc.
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 Bio-Diesel. Amelot Holdings, Inc. also owns the following alternate energy and renewable fuel companies: Amelot Commodities Group, and Amelot Alternative Energy, Inc.
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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.