OSTERVILLE, Mass., May 15, 2007 (PRIME NEWSWIRE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD), announces that it has agreed to business terms to lease space in the town of Mattapoisett, MA to implement a biodiesel processing and distribution facility pending final permitting. This follows announcement in April, 2007 that the Company plans start up of production facility in New England, an area recognized for its support for clean energy.
This location offers competitive advantages, including maximum flexibility to service New England, with direct access to Route 195, the major throughway to Providence and quick access to Route 195, the major throughway to Providence and quick access to Route 95, 495, 24 and 3, granting Amelot access to Central and Northern New England. This location is accessible to the Port of New Bedford, MA, home to the largest U.S. fishing port by dollar volume, and is situated directly in the middle of the two major fuel terminal operations in New England -- Quincy, MA and Providence, RI. In addition, this location is zoned Agricultural by the U.S. Department of Agriculture, providing Amelot with the ability to apply for and access grants and funding normally provided to large midwest biofuels companies.
"We've been working diligently to lock this site up for months now. Our engineering partner, Turning Mill Consultants, Inc. has developed a solution that will require very little site work, has reduced the overall permitting requirements and will accept our technology easily, drastically reducing costs. Ultimately, the emergence of this facility will provide additional momentum for further activity in the New England Area, which we identify as one of the most attractive in our operation as a Agri-biodiesel competitor," comments Allen Giles, President of Amelot Holdings.
Turning Mill Consultants, Inc. (http://www.turningmillconsultants.com/), based in Sandwich, MA, has a long history of providing engineering procurement contracting services for companies such as Bechtel, General Dynamics, AT&T and Verizon. They are licensed to provide engineering and contracting services in 32 states across the U.S.
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.