SAINT THOMAS, Barbados and CHEYENNE, Wyo., Sept. 29, 2008 (GLOBE NEWSWIRE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) is pleased to announce that its subsidiary, Amelot Oil Barbados Limited, has formed a new partnership with McGill University in Quebec, Canada. The University has provided two students to assist Amelot's efforts in the development of the island's biodiesel refining facilities. The students will be spending three months studying at the Bellairs Research Institute, Canada's only research facility in the Caribbean, while working with Amelot Oil.
The goal of the student internship is to help Barbadians realize the direct connection between their recycling initiatives and global environmental issues. The students will be developing a marketing program to promote the environmental and economical benefits of utilizing the island's used cooking oil for the production of biodiesel fuel. They will be working alongside of Amelot consultants to establish a geographical mapping system of the island's collection routes. The students will also be aiding in the development of educational tools to encourage users of cooking oil to become involved in the program.
"We are very excited to be working with the students of McGill University," stated Amelot CEO, Aziz Hirji. "Through this program, we hope to promote awareness in schools and within the private sector. Our goal is to educate Barbadians about climate changes and the reduction of CO2 emissions through the usage of biodiesel fuel produced from refined cooking oil. The partnership between our company and the University will be a tremendous learning experience for all involved."
ABOUT AMELOT OIL BARBADOS, LTD.
Amelot Holdings, Inc. (http://www.amelotholdings.com), a publicly traded company, is a diversified holding company that has identified Bio-diesel as a $20 billion emerging market. Amelot plans to have a significant market share in growing low cost feedstocks to supply the growing demand for biodiesel, to reduce energy dependency of fossil fuels, to help reduce the U.S. dependency on foreign oil supplies and reduce the impact of energy on our environment.
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ABOUT MCGILL UNIVERSITY
McGill University (http://www.mcgill.ca) is one of Canada's best-known institutions of higher learning and one of the country's leading research-intensive universities. With students coming to McGill from about 160 countries, our student body is the most internationally diverse of any medical-doctoral university in Canada.
ABOUT BELLAIRS RESEARCH INSTITUTE
Bellairs Research Institute (http://www.mcgill.ca/bellairs), is Canada's only teaching and research facility in the tropics. Located in Barbados (13 degrees 10 feet N, 59 degrees 35 feet W), it plays host to students and scientists from around the world for field courses, workshops and research projects involving both marine and terrestrial environments. Close association is also maintained with several scientists based at the Cave Hill campus of the University of the West Indies.
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.