CHEYENNE, Wyo., Oct. 30, 2006 (PRIMEZONE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) is pleased to announce the appointment of Mr. Allen Giles of Osterville, MA, as President, effective immediately.
Mr. Giles brings a wealth of industry experience, vision and relationships to Amelot Holdings with a proven track record at many small cap publicly traded companies and a dynamic and focused leadership style.
Mr. Giles most recently served as Founder and Director of Business Development of LifeGuard BioFuels, a division of A.D. & G. Enterprises, Inc. of Franklin, MA, a leading supplier of Bio-Diesel in Southeastern MA, RI and an exporter of Bio-Diesel products to the European Union. He was responsible for the development and implementation of the company's business plan, increasing the sales to over $50 million annually, as well as consulted on the development of a 30 million gallon per year Bio-Diesel refinery.
Prior to that, he has spent over fifteen years in sales, business development and management in technology services companies generating multimillion dollar sales opportunities.
Mr. Giles brings a large portfolio of key relationships and a clear vision for the alternative energy industry, which will add value to future Amelot Holdings' sales.
"Mr. Giles' depth of knowledge and experience in all aspects of the production and sales of bio-fuels is impressive. He is the perfect President to help Amelot Holdings innovate and become a leader in renewable energy. His experience in developing sales and business strategy, management of multimillion dollar relationships and early commercial success with alternative energy will bring insights, relationships and skills that are highly complementary to the Amelot Holdings founding team. We are very excited to have Allen on board," commented Aziz Hirji, Chairman and C.E.O. of Amelot Holdings, Inc.
About Amelot Holdings, Inc.
Amelot Holdings, Inc. is a diversified holding company focused on acquiring under-valued, high-growth firms and properties in the natural resource industry.
The Amelot Holdings, Inc. logo is available at http://www.primezone.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.