Amelot Holdings, Inc. President and CEO Fred Guarnieri Buys 100 Million Shares of the Company's Common Stock, and Further Upda
December 16 2009 - 9:00AM
Marketwired
Amelot Holdings, Inc. (PINKSHEETS: AMHD) today announced that on
November 5th, shareholders were informed on changes being
implemented to our subsidiary, Amelot Oil's facility 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.
Contact: Amelot Holdings, Inc. 1(866)-669-8373
support@amelotholdings.com http://www.amelotholdings.com
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