SOURCE: Amelot Holdings, Inc.

January 25, 2011 10:58 ET

Amelot Holdings, Inc. Updates Shareholders on Progress of Its New Subsidiary Amelot Properties, LLC

NORFOLK, VA--(Marketwire - January 25, 2011) - Amelot Holdings, Inc. (PINKSHEETS: AMHD) is pleased to announce further updates of its wholly owned subsidiary, Amelot Properties, LLC ("Amelot Properties").

In a press release dated January 17, 2011, Amelot Holdings Inc. announced the formation of a new subsidiary, Amelot Properties LLC.(http://www.amelotholdings.com/) It was further announced the subsidiary had already purchased four properties, three of which had been marketed and sold, with expected net profit of all four properties to be in excess of $75,000 upon settlement.

Subsequently, two more properties have been purchased and are currently on schedule to be renovated and marketed by February 21, 2011. We expect a net profit of $40,000.00 upon completion of those transactions. Two other offers to purchase are also being negotiated.

This week, meetings will be held with lenders and investors to both establish new lines of credit and increasing an existing one. This will be needed in order to build our inventory so a second crew can be put in place. Each crew will be capable of completing three houses per month. Providing ample inventory is secured, the second crew can be in place by March 1st.

"The week of February 14,2011, I look forward to meeting with wholesalers and Real Estate Owned (REO) departments of lenders with the intent of putting together a package of properties meeting my criteria and arranging for a bulk purchase of those properties," said Fred Guarnieri, President and CEO. "I have also begun obtaining quotes for bulk purchases direct from manufacturers of building materials and appliances. For example, buying rolls of carpet direct from the mills in Dalton Georgia, Energy saving appliance packages for 10-20 properties at a time, closeouts on kitchen cabinets and hundreds of gallons of paint at a time. This can save thousands of dollars from our renovating budget. I have also interviewed several real estate attorneys asking for reductions of closing costs for multiple transactions," Mr. Guarnieri concluded.

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), 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.

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