OSTERVILLE, Mass., July 11, 2007 (PRIME NEWSWIRE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) today announced that the Northeast Biofuel Collaborative (NEBC), an organization dedicated to advancing a renewable fuel agenda at the state level, has invited Allen Giles, president of Amelot Holdings, to sit on its Board of Directors.
NEBC is one of two regional affiliates of the New Fuels Alliance, the other being the California Renewable Fuels Partnership, formed for the expressed purpose of educating policy makers about the economics and environmental benefits of producing and using biofuels, as well as advancing polices to achieve results. The initiative was formed in collaboration with the Renewable Energy Action Project and will draw from its expertise and programmatic achievements.
"Mr. Giles brings with him an intimate understanding for how the fuels market works in the Northeast, as well as an entrepreneurial vision for how the region could emerge as a major player in the renewable fuels industry," said Brooke Coleman, President of the New Fuels Alliance and founder of the Northeast Biofuels Collaborative. "Amelot Holdings is a leader in the field and we look forward to working with Mr. Giles and his team on policies that will reduce our dependency on petroleum and bring clean-energy jobs to northeast states."
Allen Giles, President of Amelot Holdings, said, "We were pleased to learn that Amelot was selected by this Committee. I am extremely flattered to have been asked to sit on this organization's Board of Directors. I am very impressed by the individuals who run this organization, their accomplishments and their commitment to educating policy makers. Now is the time to add resources to accelerate the growth of Amelot and I believe this move will complement our growth process by assisting us in developing into a successful and reputable company."
More information about the Northeast Biofuels Collaborative can be found at www.nebiofuels.org.
More information about the New Fuels Alliance can be found at www.newfuelsalliance.org.
About Amelot Holdings, Inc.:
Amelot Holdings, Inc. (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.
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.