SAINT THOMAS, Barbados, Aug. 12, 2008 (PRIME NEWSWIRE) -- Amelot Oil Barbados Ltd. a wholly owned subsidiary of Amelot Oil, Inc. is pleased to announce that the Biomatic 400, an important component of the Company's biodiesel refining facilities, has been cleared by Barbados customs and is at its new home at the Future Centre in Saint Thomas, Barbados, marking the completion of the Group's Barbados refining facility.
The Company is pleased to announce that on Friday, August 8th, 2008 the first production trial of its Barbados refining facility ended in the successful production of approximately one hundred gallons of refined biodiesel.
"We are very pleased to have arrived at this milestone," said Handel Callender, General Manager of Amelot Oil Barbados. "The successful completion and testing of our Barbados refining facility means that in time, the Company will be able to increase output of refined biodiesel to a level which will one day satisfy this small island's demand for affordable, clean energy," Mr. Callender continued.
"The successful launch of our Barbados refining and production facilities means that the Company can continue with the business of securing feedstock -- in this case, used cooking oil -- and pursuing relationships with potential consumers of Amelot biodiesel," said Aziz Hirji, Chief Executive of Amelot Holdings, Inc., (Pink Sheets:AMHD) the parent company of Amelot Oil, Inc.
Hirji said additional staff have been hired at the Company's refining facility and he expects regular production at the facility to begin in September, 2008.
About Amelot Holdings, Inc. (Pink Sheets:AMHD):
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.