CHEYENNE, Wyo., April 5, 2007 (PRIME NEWSWIRE) -- Amelot Commodities Group (ACG), a division of Amelot Holdings, Inc. (Pink Sheets:AMHD), announces that it has received a Letter of Intent for services from Commodity Specialists Company (CSC) and BioEnergy Services, LLC (BES), a division of CSC focused on the sales of biofuels. CSC will provide feedstock procurement services while BES will acquire and sell as much as 45% of Amelot's northeast production facilities output. The initial terms of the agreement are for one year with the option to extend.
Amelot, CSC and BES will start the process of moving to a contract over the next thirty days.
"We have been working with CSC for the past three months to develop a relationship which will ensure expedited access to resources and markets that are costly to develop internally, feedstock acquisition with risk management strategies and a home for a majority of the output from our planned facilities," stated Allen Giles, Amelot Holdings' president.
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.
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Commodity Specialists Company (CSC) (www.csc-world.com) was formed in 1993 when its principals purchased the Special Commodities Division from The Pillsbury Company. As an entrepreneurial organization with decades of market experience, CSC's traders and staff deliver an added measure of enthusiasm, flexibility and service to its customers. One of CSC's greatest assets is the financial strength that a merchandising firm with approximately $1 billion in annual revenue can bring to the market. With a healthy mix of domestic and international operations and over 6 million tons of annual volume, CSC's financial strength is built on a diversified, stable operation.
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.