CHEYENNE, Wyo., March 10, 2008 (PRIME NEWSWIRE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) announced its projected 2008 revenues at seven million dollars.
The company expects to collect enough indigenous Jatropha seed to produce a minimum of one million gallons of Jatropha oil in 2008. Soy-based Biodiesel is currently trading at $5.21 per gallon.
"It has been an exciting beginning to 2008 and a very important time for Amelot Holdings Inc.," said Aziz Hirji. "We have been working very hard behind the scenes to get to the point where we are today. We now have all the required systems and processes in place to make us one of the dominant, worldwide leaders in the setup, production, and delivery of Jatropha products in the near future."
With the addition of the newly formed subsidiary Jatropha Biofuel Technologies, Inc. (JBTI), the company can now begin to market its revenue streams globally which include, but are not limited to:
* Consulting fees for proposed and new Jatropha plantations
* Cloning technology for the production of superior Jatropha seeds
* Exclusive distribution rights of a new, superior extraction process
* Sale of Jatropha seeds
* Sale of Jatropha seedlings
"As our plantations continue to grow and mature our output of Jatropha seeds will increase. The 2008 production number will be adjusted accordingly as circumstances warrant," said Mr. Hirji. "I look forward to keeping our shareholders well-informed as we move forward in the process of growing Amelot."
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 industry to manufacture renewable fuels to supply the growing demand and to reduce the dependency upon and environmental impact of fossil 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.