NORFOLK, Va., May 17, 2011 /PRNewswire/ -- Amelot Holdings,
Inc. (Pinksheets: AMHD) is pleased to announce that its wholly
owned subsidiary, Amelot Properties, LLC. ("Amelot Properties"),
earned a net profit of $56,272.50 for
the month of April, 2011. This was obtained from the sale of two
properties, renovated the previous month.
During his planned trip to Fort Wayne as stated in the press
release dated April 25th, 2011,
Fred Guarnieri, President and CEO of
Amelot Holdings purchased six properties for the company, five of
which have already been closed by Metropolitan Title in Fort Wayne.
The sixth will close as soon as title work has been completed.
"I could not be more excited or pleased with the results of my
recent trip to Fort Wayne. Discussions with several Fort Wayne
Realtors confirmed that the market has pretty much bottomed out and
is poised for an upswing. To take advantage of the anticipated
appreciation in property values, we have begun implementing the
second phase of our business model," stated Mr. Guarnieri.
"We have started purchasing properties to use as rentals. So far
this month, two have been purchased for our rental portfolio. One
was already rented at the time of purchase, the other will be
renovated this month to be rented out. Both properties have pay
outs in less than three years and a ROI of better than 40 percent.
Amelot Properties will receive a great source of revenue from the
rentals and will benefit immensely by reselling these properties in
a few years especially if values rise in the future," Mr. Guarnieri
concluded.
This month, two properties have been sold, two are currently
being marketed for sale, and four are scheduled to be renovated and
then marketed.
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.