CHEYENNE, Wyo., Jan. 25, 2007 (PRIME NEWSWIRE) -- Amelot Holdings, Inc. (Pink Sheet:AMHD) is pleased to announce that the Company is looking to capitalize on the President's demands for increased production of renewable fuels. President Bush proposed in his State of the Union address to set the amount of alternative fuels that must be blended into the fuel supply at 35 billion gallons by 2017, up from 7.5 billion gallons in 2012. He also stated that he wants to expand the standard to include not just biodiesel but a wide range of oil alternatives, such as ethanol, methanol, butanol and hydrogen.
During his speech, the President stressed that the United States needs to expand the use of clean vehicles and renewable fuel. President Bush is proposing to reduce fuel usage in the United States by 20 percent in the next 10 years. To reach this goal, companies like Amelot Holdings, Inc. must increase the supply of alternative fuels. The President is looking to set a mandatory fuels standard to require 35 billion gallons of renewable and alternative fuels in 2017, nearly five times the current target.
"We are very excited to be ahead of the demands for biodiesel. As concern mounts over harmful green house gas emissions and our country's ability to reduce the dependency on imported fuels, the alternative fuels that Amelot Holdings, Inc. will be producing are becoming increasingly important," stated Allen Giles, president of Amelot Holdings, Inc.
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, 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.
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