Amelot Holdings Inc. Announces $.0032 Earnings Per Share Projection for 2008
2008-03-19 11:15 ET - News Release
ATLANTA, March 19, 2008 (PRIME NEWSWIRE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) announced CEO Aziz Hirji negotiated contracts this week vital to the growth and infrastructure of the company. Amelot continues to aggressively build upon the assets already obtained in order to become a world-wide leader in the development of emerging Jatropha technologies and the production of Jatropha oil.
Aziz Hirji stated: "We expect to realize at least 7 million dollars in revenue in 2008. We're moving faster and farther than we expected on many fronts. With new partnerships secured and new contracts signed, I'm confident that Amelot is able to provide shareholder value both now and in the future."
There are currently 2,224,573,155 outstanding shares. Pro Forma numbers support an estimated $.0008 earnings per share per quarter, or $.0032 per share on an annual basis. The company does not expect the number of outstanding shares to be increased at any time during the next several months.
Aziz Hirji said, "We have been working diligently behind the scenes for quite some time and are now confident to let the investing community know that Amelot is positioned to become a world leader in the Jatropha oil industry. Shareholders can expect more news from us in the near term as we begin to provide details about our exciting progress."
About Amelot Holdings, Inc.:
Amelot Holdings, Inc. (http://www.amelotholdings.com), a publicly traded company, is a diversified holding company that has identified a projected $20 billion industry to manufacture renewable fuels to supply the growing demand and to reduce the dependency and environmental impact of fossil fuels.
The Amelot Holdings, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2149
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.
CONTACT: Amelot Holdings, Inc. (646) 552-4000 support@amelotholdings.com
$0.001 (03/05/08)
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