Amelot Holdings Inc. Announces the Formation of a New Subsidiary in Trinidad and Tobago, and Additional Share Purchases in the O
20 January 2010 - 1:24AM
Marketwired
Amelot Holdings, Inc. (PINKSHEETS: AMHD) today announced that its
wholly owned subsidiary, Amelot Oil Inc., has retained the legal
services of C.A. Serrano & Co, Attorneys-at-Law, to begin the
formation of a new subsidiary to be located in Trinidad and Tobago.
In order to set up a fully automated large scale biodiesel
production facility in Trinidad and Tobago an upcoming trip to
Europe to meet with a major equipment manufacturer is scheduled for
early February 2010. The formation of a subsidiary at this time
will facilitate in establishing future business relationships
there.
"Our aim is to launch our activities in Trinidad and Tobago by
using European technology in the production of biodiesel, for which
there is increasing demand among the consumers in the Caribbean. We
will be releasing further updates as events unfold. These are
exciting times for all of us at Amelot and we again thank you for
your continued support and patience," said Fred Guarnieri,
President and CEO.
The current Outstanding Common Shares balance is 4,309,573,155
and the Authorized is 4,925,000,000. Mr. Guarnieri currently owns
693,975,000 shares of the Company's common stock. He has purchased
28,375,000 since December 31, 2009 in the open market through his
on line brokerage accounts. He has neither sold, pledged, assigned
or transferred any of his purchased shares of the Company since
becoming President in June 2009. There have been no issuances of
additional shares since August 2008.
About Amelot Holdings, Inc. (PINKSHEETS: AMHD):
Amelot Holdings, Inc. (http://www.amelotholdings.com), a
publicly traded company, is a diversified holding company that has
identified Biodiesel as a multi-billion emerging Biofuel 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.
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.
Contact: Amelot Holdings, Inc. 1(866)-669-8373
support@amelotholdings.com http://www.amelotholdings.com
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