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UPDATE: Amelot Holdings, Inc. President and CEO Fred Guarnieri Buys 100 Million Shares of the Company's Common Stock, and Furth

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  Published in Business and Finance on Wednesday, December 16th 2009 at 8:07 GMT by Market Wire
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NEW YORK, NY--(Marketwire - December 16, 2009) - Amelot Holdings, Inc. (PINKSHEETS: [ AMHD ]) today announced that on November 5th, a news release was issued with an update about changes being implemented to our subsidiary, Amelot Oil in Barbados. We would like to inform you that measures taken have been effective, and profitability is firmly expected to be achieved in January 2010. Biodiesel production will continue through the Christmas holidays even though a slight slowdown in sales is anticipated due to our sales staff taking time off to spend with their families. We are working on building a reserve of product ready for market in preparation of an aggressive sales campaign beginning early January 2010. We want to ensure that our supply will meet the demand. We have also ordered additional storage tanks, pumps, and other equipment to handle the expected increase.

We have made presentations to interested parties to replicate our business model in other locations throughout the Caribbean. Response so far has been favorable, and presents a key growth opportunity for us in 2010.

"Also on November 5th I announced I had increased my ownership of the Company's Common shares. Since then, I have purchased an additional 100 million shares. I remain solidly committed to making the Company profitable, and increasing value to our shareholders," stated Fred Guarnieri, President and CEO.

The current Outstanding Common Shares balance is 4,309,573,155, and the Authorized 4,925,000,000. Mr Guarnieri now owns 580,600,000 shares. There have been no issuances of additional shares since August 2008.

"I'm honored to serve as your President and CEO, and would like to wish you all a safe and happy holiday season, and a very prosperous New Year for us all," concluded 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.

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.