CHEYENNE, Wyo., Nov. 20, 2006 (PRIMEZONE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD), announces that it will establish a new division: Amelot Commodities Group (ACG), focused on the acquisition and sale of feedstocks and finished products. It will supply low cost raw materials to and sell finished products for Amelot subsidiaries and third party producers.
"This organization will provide a centralized purchasing and sales organization designed to manage costs and focus on profitable opportunities," says Allen Giles; President of Amelot Holdings, Inc. "Having purchasing and sales under one roof will provide a streamline decision-making process which will allow Amelot to take advantage of opportunities needed to compete globally."
About Amelot Holdings, Inc.
Amelot Holdings, Inc. is a diversified holding company focused on alternative energy and biofuels.
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.