CHEYENNE, Wyo., April 29, 2008 (PRIME NEWSWIRE) -- Amelot Holdings Inc. would like to take this opportunity to update shareholders on two of its recently announced projects and potential acquisitions: DynaSep and the Three Rivers Biofuel plant.
As announced last month, the company is continuing to gather positive feedback from its DynaSep project. Amelot recently secured DynaSep's services for its long innovative and profitable history of developing, fabricating, testing, and deploying systems for liquefied and supercritical gas extraction. After over 6 months of research and testing, the company has received quantified preliminary results. These results, received this week, show overall oil recovery from the tested Jatropha seeds at an excess of 95%. Standard recovery is usually at 60-70 % for conventional systems. Furthermore, it is believed that future oil recovery could reach as high as 98% with continued refinement of the system.
DynaSep President, Brian Waibel, remarked, "These improvements in recovery will continuously enhance the economic return of our system versus conventional Jatropha oil production via expeller press, and could make a significant impact to a company's bottom line."
The company also wants to take this opportunity to update shareholders on the Three Rivers Biofuel project. Amelot management will be meeting with TRB officers and directors throughout next month solidifying their strategic growth plan for the company. The main focus of these talks will be to outline the equipment, personnel, and development costs needed to begin phase one construction of the planned 5 million gallon processing facility in Burnsville, Ms. The company hopes to announce a groundbreaking date by the end of May.
"We are extremely pleased with the progress we are making in these projects," stated Aziz Hirji, President of Amelot Holdings, Inc. "We are striving for all assets to be functioning to their fullest potential in the near future." Mr. Hirji continued, "I am particularly excited about the DynaSep testing results. The efficiency and success of this extraction process is the keystone to our success in the Biodiesel industry and the growth of shareholder value. As always, I will continue to keep our investors apprised of our progress."
About Amelot Holdings, Inc.:
Amelot Holdings, Inc. (http://www.amelotholdings.com), a publicly traded company, is a diversified holding company that has identified Biodiesel 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.
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.