CHEYENNE, Wyo., Aug. 31, 2006 (PRIMEZONE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) is pleased to announce that it has completed preliminary design work and has begun negotiating contracts in preparation of moving its corporate headquarters to a portion of the newly leased space of its subsidiary, Amelot Alternative Energy, Inc., in Nashua, New Hampshire.
"While our office equipment is being moved in over the next few weeks, our engineers and riggers will be installing our processing equipment, which includes setting up the tanks and pumps, piping, and working on boiler and ventilation systems. A majority of the work is expected to be completed prior to the arrival of the recently ordered tank, so our wait time will not be wasted. Having our corporate headquarters at the location of our first facility will be of great benefit to our shareholders. It will allow a 'hands-on' situation for management, as well as being more cost effective, due to more reasonable real estate prices in Nashua," said Aziz Hirji, President of Amelot Holdings.
About Amelot Holdings, Inc.
Amelot Holdings, Inc. is a diversified holding company focused on Alternative Energy and Bio-fuels.
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.