Amelot Properties, LLC Completes Its 15th Real Estate Transaction With Metropolitan Title Company in Fort Wayne, Indiana
07 April 2011 - 10:00PM
Marketwired
Amelot Holdings, Inc. (PINKSHEETS: AMHD) is pleased to announce
that its wholly owned subsidiary, Amelot Properties, LLC ("Amelot
Properties") completed its 15th real estate transaction this week
with the help of its settlement agent, Metropolitan Title Company
of Fort Wayne, Indiana. Metropolitan represented Amelot on the
buyer's side in eight of the transactions, and the seller's side on
seven, with the first of the transactions being held on February
15th, 2011.
In early February 2011 Amelot Properties
(http://www.amelotholdings.com/our-businesses/subsidiaries/amelot-properties-llc)
entered into talks with Ms. Margaret Sklenar, one of the Principals
of Metropolitan, to act as the settlement agent. Ms. Sklenar, with
over 30 years of experience in the title business, also manages all
its escrow operations. The Upstate Alliance of Realtors named her
2010 Affiliate of the Year for her outstanding work.
"In the last 20 years I have been involved in hundreds of real
estate transactions. I have never experienced a staff as
professional and accommodating as I have with Metropolitan. It is a
pleasure working with Ms. Sklenar and also Ms. Tasha Sector, Branch
Manager of the Fort Wayne Auburn office," commented Fred Guarnieri,
President and CEO.
The Company plans to announce profits for Amelot Properties in
the near future.
The Company currently has 4,624,573,155 shares outstanding, of
which 1,076,275,010 are owned by Mr. Guarnieri.
About Metropolitan Title Company (http://www.metrotci.com) Metropolitan Title
Company currently has 12 offices throughout the state of Indiana,
and employs over 80 people.
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.
Amelot Holdings, Inc. further identifies the depressed real
estate market throughout the United States as a market that has
greatly depreciated in value and is poised for upward growth. With
millions of foreclosed and distressed properties available at a
fraction of the cost they were only a few years ago, Amelot
Properties LLC, a wholly owned subsidiary, plans to acquire
properties, renovate them, make them more energy efficient and
offer them to prospective home owners at affordable prices.
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-(646)-926-3568
support@amelotholdings.com
http://www.amelotholdings.com/our-businesses/subsidiaries/amelot-properties-llc
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