Amelot Oil Barbados Ltd.'s Partnership Enhances Development

Tag : oil fuel

SAINT THOMAS, Barbados and CHEYENNE, Wyo., Sept. 29, 2008 (GLOBENEWSWIRE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) is pleased toannounce that its subsidiary, Amelot Oil Barbados Limited, hasformed a new partnership with McGill University in Quebec, Canada.The University has provided two students to assist Amelot's effortsin the development of the island's biodiesel refining facilities.The students will be spending three months studying at the BellairsResearch Institute, Canada's only research facility in theCaribbean, while working with Amelot Oil.
The goal of the student internship is to help Barbadians realizethe direct connection between their recycling initiatives andglobal environmental issues. The students will be developing amarketing program to promote the environmental and economicalbenefits of utilizing the island's used cooking oil for theproduction of biodiesel fuel. They will be working alongside ofAmelot consultants to establish a geographical mapping system ofthe island's collection routes. The students will also be aiding inthe development of educational tools to encourage users of cookingoil to become involved in the program.
"We are very excited to be working with the students of McGillUniversity," stated Amelot CEO, Aziz Hirji. "Through this program,we hope to promote awareness in schools and within the privatesector. Our goal is to educate Barbadians about climate changes andthe reduction of CO2 emissions through the usage of biodiesel fuelproduced from refined cooking oil. The partnership between ourcompany and the University will be a tremendous learning experiencefor all involved."
ABOUT AMELOT OIL BARBADOS, LTD.
Amelot Holdings, Inc. (http://www.amelotholdings.com), a publiclytraded company, is a diversified holding company that hasidentified Bio-diesel as a $20 billion emerging market. Amelotplans to have a significant market share in growing low costfeedstocks to supply the growing demand for biodiesel, to reduceenergy dependency of fossil fuels, to help reduce the U.S.dependency on foreign oil supplies and reduce the impact of energyon our environment.
The Amelot Holdings, Inc. logo is available athttp://www.globenewswire.com/newsroom/prs/?pkgid=2149
ABOUT MCGILL UNIVERSITY
McGill University (http://www.mcgill.ca) is one of Canada'sbest-known institutions of higher learning and one of the country'sleading research-intensive universities. With students coming toMcGill from about 160 countries, our student body is the mostinternationally diverse of any medical-doctoral university inCanada.
ABOUT BELLAIRS RESEARCH INSTITUTE
Bellairs Research Institute (http://www.mcgill.ca/bellairs), isCanada's only teaching and research facility in the tropics.Located in Barbados (13 degrees 10 feet N, 59 degrees 35 feet W),it plays host to students and scientists from around the world forfield courses, workshops and research projects involving bothmarine and terrestrial environments. Close association is alsomaintained with several scientists based at the Cave Hill campus ofthe University of the West Indies.
Statements in this press release that are not historical facts areforward-looking statements within the meaning of the Securities Actof 1933, as amended. Those statements include statements regardingthe intent, belief or current expectations of the Company and itsmanagement. Such statements reflect management's current views, arebased on certain assumptions and involve risks and uncertainties.Actual results, events, or performance may differ materially fromthe above forward-looking statements due to a number of importantfactors, and will be dependent upon a variety of factors,including, but not limited to, our ability to obtain additionalfinancing and access funds from our existing financing arrangementsthat will allow us to continue our current and future operationsand whether demand for our products and services in domestic andinternational markets will continue to expand. The Companyundertakes no obligation to publicly update these forward-lookingstatements to reflect events or circumstances that occur after thedate hereof or to reflect any change in the Company's expectationswith regard to these forward-looking statements or the occurrenceof unanticipated events.
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