SOURCE: Amelot Holdings, Inc.

June 15, 2009 08:30 ET

Amelot Holdings, Inc. Announces Appointment of President and CEO

NEW YORK, NY--(Marketwire - June 15, 2009) - Amelot Holdings, Inc. (PINKSHEETS: AMHD) is pleased to announce the appointment of Mr. Fred Guarnieri of Norfolk, Va. as President and Chief Executive Officer effective June 15th, 2009.

Mr. Guarnieri brings a wealth of executive experience, vision and relationships to Amelot Holdings and a dynamic and focused leadership style.

His experience includes the management of a large real estate agency where he bought and sold hundreds of apartments. He also has expertise in customs brokerage and shipping, finance and International business.

Mr. Guarnieri is 60, and has lived in the Norfolk, Va. area since the mid 60s. He plans to relocate company offices to Norfolk in the near future.

"I am excited in accepting this position and look forward to the challenge. As soon as I have completed a thorough review of the status of the Company, I plan to update shareholders as to any changes to be implemented to move the company forward," commented Fred Guarnieri, the newly appointed President and CEO.

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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