Amelot Holdings, Inc. Announces Profits for First Quarter 2011
25 April 2011 - 11:00PM
Marketwired
Amelot Holdings, Inc. (PINKSHEETS: AMHD) is pleased to announce
that its wholly owned subsidiary, Amelot Properties, LLC ("Amelot
Properties"), earned a net profit of $161,284.00 during the first
quarter of 2011.
This was achieved by purchasing distressed and foreclosed
properties at low prices, renovating them, marketing them in house
and then selling them at considerably higher prices. Transactions
were finalized at Metropolitan Title Company of Ft. Wayne,
Indiana.
"I am delighted to report the success of Amelot Properties first
full quarter in business. ln spite of the severe winter weather and
starting a new business from scratch, we still managed to complete
7 sales and net approximately $21,000 more for those transactions
than originally anticipated," stated Fred Guarnieri, President and
CEO.
"We are also encouraged by the ongoing talks and numerous
inquiries by several real estate investors interested in potential
investment in our fast growing niche business," Mr. Guarnieri
added.
This week, Mr. Guarnieri will be in Fort Wayne for meetings with
Metropolitan Title Company, touring properties as part of a
potential bulk purchase and putting a second crew in place.
Amelot Properties plans on announcing April profits in addition
to further details regarding its business model early May 2011.
The Company currently has 4,624,573,155 shares outstanding, of
which 1,076,275,010 are owned by Mr. Guarnieri.
About Amelot Holdings, Inc. (PINKSHEETS: AMHD):
Amelot Holdings, Inc. (http://www.amelotholdings.com) is a
publicly trading company with a diversified portfolio of
investments.
Amelot Properties, LLC.
(http://www.amelotholdings.com/our-businesses/subsidiaries/amelot-properties-llc)
is a wholly owned subsidiary of Amelot Holdings, which acquires,
renovates and sells energy efficient properties to prospective home
owners at affordable prices. Its success is based on the ability to
identify undervalued properties and rehabilitate these properties
for future resale or rental investments.
Amelot Oil, Inc.
(http://www.amelotholdings.com/our-businesses/subsidiaries/amelot-oil-inc)
is a wholly owned subsidiary of Amelot Holdings, focused on
alternative energy and bio-fuels. Amelot Oil plans to capture a
significant market share by growing low cost feedstocks to supply
the growing demand for biodiesel. Biodiesel helps reduce energy
dependency of fossil fuels, reduces the U.S. dependency on foreign
oil and lowers the negative impact of energy on our
environment.
Safe Harbor This press release contains statements, which may
constitute "forward-looking statements" within the meaning of the
Securities Act of 1933 and the Securities Exchange Act of 1934, as
amended by the Private Securities Litigation Reform Act of 1995.
Those statements include statements regarding the intent, belief or
current expectations of Amelot Holdings, Inc. with members of its
management team as well as the assumptions on which such statements
are based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties and that actual results may
differ materially from those contemplated by such forward-looking
statements. Important factors currently known to management that
could cause actual results to differ materially from those in
forward-statements include fluctuation of operating results, the
ability to compete successfully and the ability to complete
before-mentioned transactions. The Company undertakes no obligation
to update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to
future operating results.
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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