OSTERVILLE, Mass., April 16, 2007 (PRIME NEWSWIRE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) a leading manufacturer of Renewable Fuels to reduce dependency of fossil fuels today announced the inception of a new facility.
Amelot Holdings is unique in the alternative energy industry. This facility will be using second generation continuous flow processing technology with integrated technology designed to convert waste streams into value added products. This scalable system is expected to be one of the industry's lowest-cost producers of biodiesel fuel. The leasing of the new location meets the Company's criteria in eliminating many costs associated with infrastructure which is significant to Amelot's goal of efficient spending while achieving high turn-around production of biodiesel fuel. Amelot's impetus for locating in Massachusetts is inspired by its public devotion to clean energy and its vital position in lessening the U.S. dependence on fossil fuels, as recently noted in a New York Times article referencing, Philip Warburg, President of the Massachusetts Conservation Law Foundation.
"This facility will be a tremendous opportunity to be able to operate multiple processes in one highly efficient system," commented Aziz Hirji, CEO and Founder of Amelot Holdings.
This facility design and implementation will be managed by Amelot Engineering & Development Group (AED), a division of Amelot Holdings, Inc., in conjunction with its engineering and procurement contractor, Turning Mill Consultants, Inc. (TMC), based in Sandwich, MA, (www.turningmillconsultants.com). TMC has a long history of providing Engineering Procurement Contracting services for companies such as Bechtel, General Dynamics, AT&T and Verizon. They are licensed to provide these services in 32 states across the U.S.
"This facility is an important next step in our growth and our plans to backward integrate our facilities to produce environmentally safe and cost-effective energy using domestic natural resources," concludes Allen Giles, President of Amelot Holdings.
About Amelot Holdings.
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. Amelot Holdings, Inc. has three operational divisions: Amelot Alternative Energy Group (AAE), responsible for the operations and production of renewable fuels, with an emphasis on biodiesel; Amelot Engineering & Development, focused on the acquisition, development and integration of production facilities; and Amelot Commodities, focused on the acquisition and sales of feedstocks and renewable fuels.
The Amelot Holdings, Inc. logo is available at http://www.primenewswire.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.
Internet address is http://www.amelotholdings.com.