Kerry Associates Announces that Amelot Holding has Purchased Bio-Diesel Processing Equipment to Start Production
April 24 2006 - 12:15PM
Business Wire
Kerry Associates is pleased to announce that Amelot Holdings (Pink
Sheets: AMHD) has ordered Bio-Diesel processing equipment to start
production. The processing equipment is expected to be delivered
within 30 to 45 days, assembled and producing within 30 days from
delivery. Amelot expects to produce over 1 million gallons in 2006.
"We are extremely excited that this initial purchase has been
formalized. This investment will enable us to create a division
within the holding company dedicated to the development of
alternative fuels and bio-diesel production. Having already
established a solid infrastructure allows us to be generating
substantial revenue and profits from this facility within the next
90 days," commented, Aziz Hirji, President of Amelot Holdings, Inc.
About Amelot Holdings, Inc. Amelot Holdings, Inc. is a diversified
holding company focused on acquiring under-valued, high-growth
firms and properties in the natural resource industry. For more
information on Amelot Holdings Inc. Please Visit:
www.amelotholdings.com About Kerry Associates, Inc. Kerry
Associates Inc. is a business consulting firm helping companies
develop and expand into emerging markets while strategically
executing their objectives. 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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