OSTERVILLE, Mass., July 6, 2007 (PRIME NEWSWIRE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) today provides its investors with a strategy to maximize on its production, revenue and utilization by signing a Memorandum of Understanding (MoU) to lease storage at a deep water fuel terminal facility in Tiverton, RI. This arrangement will provide Amelot with 80,000 barrels of storage on a throughput agreement with Inland Fuel Terminals, Inc. Terms of the agreement to be announced upon completion of the contract soon. This facility also has future capabilities of rail and rack blending for regional distribution by truck with some infrastructure investment.
"Having water based storage for aggregation and blending for our planned production facilities and toll contracts is a major milestone for Amelot's long term strategy," says Allen Giles; President of Amelot Holdings. "Being able to receive and ship product by sea; especially in the northeast will help us to reduce transportation costs and set us up for possible import and export opportunities."
About Amelot Holdings
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.
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. Internet address is http://www.amelotholdings.com.