OSTERVILLE, Mass., Oct. 11, 2007 (PRIME NEWSWIRE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD), a leading manufacturer of Renewable Fuels to reduce dependency on fossil fuels, and Pan-Am Biofuels, Inc., a Utah-based company with bio-fuel feedstock plantations located in Costa Rica, have announced additional details regarding the Jatropha Tree Acquisition Program being marketed by its Joint Venture Partner Pan-Am Biofuels to aid in the reduction of Global Warming and fossil fuel dependence, and to revitalize local economies.
Jatropha curcas is a drought-resistant perennial which grows well in marginal to poor soil. It is easy to establish, grows relatively quickly and does not compete with land for edible foods. It is not browsed by animals and produces oil from seeds and oxygen for the planet for up to 40 years.
Pan-Am Biofuels, Inc. (http://www.panambiofuels.com) is a dynamic, forward-looking business entity poised to meet the explosive demand for alternative fuels through sustainable business solutions and green technologies that safeguard the future of our planet. Pan-Am uses Jatropha saplings made from selected and tested Jatropha seeds. They offer turnkey projects to corporations and individuals for the development of Jatropha plantations.
Joseph Black, President, Pam-Am Biofuels said, "In order to accelerate our company's acquisition of market share we are offering individuals and corporations the opportunity to purchase Jatropha trees which we will plant and cultivate on our company farms located in Costa Rica. The trees will produce seeds which are harvested annually, processed into oil and sold to biodiesel refineries."
Amelot Holdings' role will be to provide Pan-Am Biofuels the necessary consulting services in farming and growing the Jatropha trees. In turn, Amelot Holdings will receive exclusive rights to the supply of Crude Jatropha Oil to Amelot from all its Plantations. Amelot will use the oil from the Jatropha as feedstock in the production process of its bio-diesel. By using Jatropha Oil, Amelot expects a minimum 25% reduction in the cost of feedstock for bio-diesel production when compared to other feedstock alternatives.
Thomas Cripe, President of Amelot Engineering and Development (AED), stated when asked, Why Jatropha Trees?, "Most bio-diesel producers rely on one source of feedstock to produce fuel, generally soybeans or rapeseed. The economics are changing with these sources of feedstock because they compete for food and land. Jatropha, on the other hand, can be grown much cheaper on waste land and contains a much higher oil concentration and oil quality than other feedstocks. Plantations are being developed at a feverish pace in Africa, India, Central America, South America and Mexico. Even the U.S. is planting test plots in Florida, Texas and California in the hopes of being a producer of Jatropha oil."
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.
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