NORFOLK, Va., June 22, 2011 /PRNewswire/ -- Amelot Holdings,
Inc. (Pinksheets:AMHD - News) is pleased to announce that its
wholly owned subsidiary, Amelot Properties, LLC. ("Amelot
Properties"), earned a net profit of $156,836.77 for the month of May 2011. This was obtained by the sale of six
properties which the Company recently renovated.
The settlements were conducted by and at the offices of
Metropolitan Title in Fort Wayne,
Indiana.
Through May 31,2011, Amelot
Properties has netted and retained $374,393.37 in earnings.
"We are also pleased to announce an additional revenue stream
for Amelot Properties," said Fred
Guarnieri, President and CEO. "Besides profiting from the
resale of properties and from our rental portfolio, Amelot
Properties has begun receiving interest income from mortgages held.
Based on the mortgages currently held in our portfolio, net
interest income from our first year in operation is expected to be
in excess of $28,500. It is my intent
to add to this revenue either by doing owner financing, or through
the purchase of existing mortgages that are deeply discounted," Mr.
Guarnieri concluded.
Amelot Properties is currently earning 8 percent interest on
mortgages held.
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 - News):
Amelot Holdings, Inc. ( http://www.amelotholdings.com ) is a
publicly traded company with a diversified portfolio of
investments.
Amelot Properties, LLC. ( http://www.amelotproperties.com ) is a
wholly owned subsidiary of Amelot Holdings, which acquires,
renovates and sells energy efficient properties to prospective home
owners at affordable prices. Its success is based on the ability to
identify undervalued properties and rehabilitate these properties
for future resale or rental investments.
Amelot Oil, Inc. ( http://www.amelotoil.com ) is a wholly owned
subsidiary of Amelot Holdings, focused on alternative energy and
bio-fuels. Amelot Oil plans to capture a significant market share
by growing low cost feedstocks to supply the growing demand for
biodiesel. Biodiesel helps reduce energy dependency of fossil
fuels, reduces the U.S. dependency on foreign oil and lowers the
negative impact of energy on our environment.
Safe Harbor
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act of 1995. Those
statements include statements regarding the intent, belief or
current expectations of Amelot Holdings, Inc. with members of its
management team as well as the assumptions on which such statements
are based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties and that actual results may
differ materially from those contemplated by such forward-looking
statements. Important factors currently known to management that
could cause actual results to differ materially from those in
forward-statements include fluctuation of operating results, the
ability to compete successfully and the ability to complete
before-mentioned transactions. The Company undertakes no obligation
to update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to
future operating results.
Contact:
Amelot Holdings, Inc.
1-(646)-926-3568
support@amelotholdings.com
http://www.amelotholdings.com
SOURCE Amelot Holdings, Inc.