CHEYENNE, Wyo., July 10, 2006 (PRIMEZONE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) is pleased to announce that its Board of Directors is currently contemplating spinning off via a dividend of its Wood Portal, The Wood Explorer, Inc., to its Shareholders as previously stated on April 3rd, 2006.
Further details of the spin off will be announced soon after an upcoming board of directors meeting scheduled for this Wednesday July 12th, 2006.
Aziz Hirji, President of Amelot Holdings stated, "This dividend is a way to show our Shareholders that we are serious about giving back to those who have helped support Amelot and its efforts. This will allow Amelot Holdings to focus on its core business of Bio-fuels."
About Amelot Holdings, Inc.
Amelot Holdings, Inc. is a diversified holding company focused on acquiring under-valued, high-growth firms and properties in the natural resource industry.
The Amelot Holdings, Inc. logo is available at http://www.primezone.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.