SOURCE: Amelot Holdings, Inc.

August 20, 2007 06:30 ET

Amelot Announces Appointment of Cripe and Macallister

OSTERVILLE, MA--(Marketwire - August 20, 2007) - Amelot Holdings, Inc. (PINKSHEETS: AMHD) announced that it has hired Mr. Thomas Cripe as the Senior Vice President of Business and Technology Development starting in August.

Mr. Cripe comes to Amelot with 25 years' management and technical experience in international sales, new technology commercialization development, and project management.

"We are very excited that Tom will be working as a part of the Amelot team. Amelot is playing an important role in one of the most prevalent markets of the decade, and Mr. Cripe will be playing an integral role in that market. His international business experience will allow us to be competitive on a global scale," said Aziz Hirji, Founder and CEO of Amelot Holdings, Inc.

Amelot also announced that it has named Tyler Macallister as Controller.

Mr. Macallister will be responsible for the implementation and management of internal corporate financial transactions, information systems, contract and procurement review and negotiations.

Mr. Macallister has held four senior management positions for wireless technology implementation companies, taking two companies from the startup through acquisition. Mr. Macallister holds a BS in Marine and General Biology and an MBA from Isenberg School of Management, at the University of Massachusetts, Amherst.

Hirji said, "Tyler adds a tremendous business savvy to our efforts. His professionalism and experience in management contribute to our team, and we are thrilled that he has elected to be a part of Amelot Holdings."

About Amelot Holdings, Inc.:

Amelot Holdings, Inc.,, a publicly traded company, is a diversified holding company that has identified a projected $20 billion opportunity to manufacture renewable fuels to supply the growing demand and to reduce the dependency and environmental impact of fossil fuels.

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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