SOURCE: Amelot Holdings, Inc.

November 05, 2009 09:00 ET

Amelot Holdings, Inc. President Fred Guarnieri Updates on Its Barbados Operations and His Purchasing of Common Shares in the Open Market

NEW YORK, NY--(Marketwire - November 5, 2009) - Amelot Holdings, Inc. (PINKSHEETS: AMHD) today announced that following a tour of its facility in Barbados, it is in the process of implementing several changes which it feels positions the company to achieve profitability within the next few months.

We have reduced the number of employees, installed new management, upgraded electrical services and contracted to buy methanol in bulk purchases, by the container. A 20-foot container consists of eighty 55 gallon drums, and when mixed with used cooking oil is enough to produce approximately 22,000 gallons (83,160 liters) of Biodiesel. The current price of Biodiesel at the pump in Barbados sells for around $1.98 BDS.

In addition, we have made changes in the oil collection process. It was determined to be more cost effective to outsource the collection rather than doing it ourselves, thus eliminating costs of running vehicles, insurance, and Company manpower.

The new management is actively soliciting new business and meeting with consultants in looking for ways to increase production at the current location.

"The demand for Biodiesel is there and I feel strongly with the new cost-cutting measures now in place, we can manufacture, supply and for the first time in the Company's history, be profitable," stated Fred Guarnieri, President and CEO.

The current Outstanding Common Shares balance is 4,309,573,155, and the Authorized 4.925.000.000. There have been no issuances of additional shares since August 2008.

"On June 18th, I announced that I had purchased 404,600,000 shares. Since then I have purchased an additional 76,000,000 shares in the open market, paying from .0002-.0003 giving me a total of 480,600,000. I remain confident that this Company will turn around and be profitable in the near future.

"Since taking over operations in June of 2009, none of the Officers have received any compensation. All funds are being used to pay debt and to increase the revenue stream in Barbados," Mr. Guarnieri concluded.

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.

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