CHEYENNE, Wyo., Jan. 11, 2007 (PRIME NEWSWIRE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) is pleased to announce that the Company has updated the project plan for the implementation of the Amelot Alternative Energy bio-diesel facility in Nashua, New Hampshire. The Company has an estimated schedule to complete the facility's build out, equipment implementation, and to begin production in May 2007.
Amelot Engineering and Development in conjunction with its engineering and technology partners, Turning Mill Consultants and Fitzsimmons Systems, has redesigned the facility to focus on maximizing the gallons per minute and reducing the facility's total operating expense. Turning Mill Consultants, Inc. is managing Amelot Alternative Energy, Inc.'s New Hampshire bio-diesel processing facility from implementation through completion. Fitzsimmons Systems, Inc. is supplying the bio-diesel processing system design and equipment for the facility.
"It was a hard decision at the end of 2006 to reorganize and push back the planned opening date. This redesign will produce more product, more efficiently with far less total capital, equipment, operating and maintenance costs," stated Allen Giles; President of Amelot Holdings, Inc.
The Company recently announced that it has formally applied for membership with the National Bio-diesel Board. Application and acceptance will provide Amelot Alternative Energy, Inc., a wholly owned subsidiary of Amelot Holdings, Inc., dedicated to the production of bio-fuels, access to EPA documentation and permits required to become a registered producer of bio-diesel. The National Bio-diesel Board is the national trade association representing the bio-diesel industry as the coordinating body for research and development in the United States.
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.
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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.