OSTERVILLE, Mass., July 16, 2007 (PRIME NEWSWIRE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) announced today that under a recently passed Governor Patrick Administration Order, the State of Massachusetts agencies, starting with the Winter 2007-2008, will use bio-heat products with a minimum blend of 3 percent bio-based materials for all heating applications that use No. 2 fuel and 10 percent bio-heat blend by 2012. This move to bio-heat by the state gives Amelot the opportunity to become a principle supplier to meet the increasing regional demands focusing on the environmental concerns that Massachusetts is now leading in discussion and legislation.
Allen Giles, President of Amelot Holdings, stated, "We are extremely pleased with the overall support from the State of Massachusetts and look with great anticipation to expanding relationships with the region's bio-heat providers that contract with these state agencies. I am confident that Amelot is poised to become the premier provider of biodiesel to the region's heating oil distributors."
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.
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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.