CHEYENNE, Wyo., Aug. 5, 2008 (PRIME NEWSWIRE) -- Amelot Oil Inc., a wholly-owned subsidiary of Amelot Holdings, Inc. (Pink Sheets:AMHD), is pleased to announce that the draft proposal for the St. Thomas Parish Ambassador's Program has been officially submitted.
Amelot Oil's proposal to focus on securing cooking oil for biodiesel production in the parish of St. Thomas has been submitted and is currently under review by the Parish Project's committee members. The official proposal breaks down Amelot's plan to collect, recycle, and redistribute the Island's used cooking oil, converting the yellow oil into biodiesel fuel. Committee members will be meeting to review and vote on the proposal in the coming weeks.
In further company news, Amelot Oil is pleased to announce that its new biodiesel processor cleared customs last Friday. Gregory Hawkins, Business Development Manager for Amelot Oil, arrived in Barbados on Saturday to assist with the official start up of operations. The equipment is now set up for trial runs, and biodiesel production will begin today.
"This is a big step for the Barbados Project," stated Aziz Hirji, President of Amelot Holdings, Inc. "Our plan is to get the St. Thomas Parish project up and running smoothly so it can serve our business model. The goal is to expand our collection system to every parish on the island. We are all very excited about the trial runs getting underway. The sooner we can work out all the kinks, the sooner Amelot Oil can begin to play a major role in the island's Green Initiative."
About Amelot Holdings, Inc.:
Amelot Holdings, Inc. (http://www.amelotholdings.com), a publicly traded company, is a diversified holding company that has identified biodiesel as a $20 billion emerging market. Amelot plans to have a significant market share in growing low cost feedstocks to supply the growing demand for biodiesel, to reduce energy dependency of fossil fuels, to help reduce the U.S. dependency on foreign oil supplies and reduce the impact of energy on our environment.
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.