CHEYENNE, Wyo., Dec. 12, 2006 (PRIME NEWSWIRE) -- Amelot Commodities Group (ACG), a division of Amelot Holdings, Inc. (Pink Sheets:AMHD), is pleased to announce the formulation of a new division: Amelot Engineering and Development (AED). This group will be responsible for the development of a vertically integrated biofuels processing system using micro-algae as the feedstock, giving the company added leverage in the biofuel market.
"The development of this organization will help Amelot to become a multi-feedstock biofuels producer and allows us to compete long term with the agricultural industries giants. They will also give us the ability to bring our planned facilities online more efficiently and in a timely fashion," stated Allen Giles, President of Amelot Holdings, Inc.
AED will be responsible for the implementation of this technology, the build out of all future Amelot facilities and the research & development of wind and solar products. Biomass, the energy resource that includes organic matter, supplies about 3 percent of total U.S. energy consumption in the form of electricity, process heat and transportation fuels.
Micro-algae are single celled microscopic organisms that use photosynthesis to convert the sun's energy into chemical energy. As of 2000, the biomass power industry employed more than 66,000 people in the U.S. and had an investment base of about $15 billion. The substitution of biofuels for coal and petroleum also reduces sulfur dioxide and carbon dioxide emissions.
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 opportunity to manufacture renewable fuels to supply the growing demand and to reduce the dependency and environmental impact of fossil fuels. Amelot Alternative Energy Group, a wholly owned subsidiary of Amelot Holdings, Inc., is focused on the production of these renewable fuels, with an emphasis on Bio-Diesel. Amelot Holdings, Inc. also owns the following alternate energy and renewable fuel companies: Amelot Commodities Group (ACG), and Amelot Alternative Energy, Inc.
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.