CHEYENNE, Wyo., June 5, 2008 (PRIME NEWSWIRE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) today announced they have started the next phase in legal action against Fitzsimmons Systems Inc. and Lowell "Todd" Fitzsimmons.
On May 31, 2007, Turning Mill Consultants, Inc., acting on behalf of Amelot, contracted with Fitzsimmons to develop, build and test a biodiesel processing unit for its New Hampshire facility. The contract called for the processor to be operational for testing and debugging by July 31, 2007 and to be delivered by September 1, 2007.
A total of $312,500.00 was paid to Fitzsimmons for the processor, leaving only one remaining payment of $25,000.00 due. That installment was withheld by Turning Mill Consultants due to lack of performance by Fitzsimmons. The final payment of $37,500.00, per the terms of the contract, was to be made upon delivery, installation, and performance of the processor.
An April 28, 2008 complaint issued for Amelot's attorney, through the Supreme Court of the State of New York, was to be addressed by the defendants within 30 days of receipt. As of this date, they have yet to respond.
Per the complaint filed, "Upon information and belief, Fitzsimmons never performed any work on the processor." Amelot has yet to receive delivery, and the company is demanding judgment against the defendants for an amount not less than $1,212,500.00, plus interest, attorney fees, and other awards for damages.
Aziz Hirji, President, stated, "We regret having to take this action; however, Fitzsimmons has left us with no other alternative. The company has been financially injured because of their non-performance. Further, my reputation has been severely tarnished. We believe that our case is very strong and that the courts will award us the necessary amounts to compensate us for our losses."
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
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