Kerry Associates Inc. Receives LOI for $70 Million Dollar Financing on Behalf of Amelot Holdings Inc.
May 16 2006 - 10:12AM
Business Wire
Kerry Associates, Inc. announces that the company has received a
LOI for $70 Million Dollars in Financing on behalf of Amelot
Holdings, Inc. (Pink Sheets: AMHD). Based upon initial due
diligence and information provided to Remington Financial Group, a
letter of interest to Finance $70 million dollars for Amelots
Cellulose Ethanol division was received on Friday, May 12th. Eric
Cousens, President of Kerry Associates stated "We are establishing
a quality relationship with Remington Financial Group. They have
shown great interest in Amelots Bio-Diesel and Ethanol projects. We
hope to conclude these interests with terms and conditions all
sides can agree upon and finalize with a definitive agreement."
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. 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. For more
information on Kerry Associates Inc. Visit: www.kerryassociates.com
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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