Amelot Properties, LLC. Reports a $156,836.77 Net Profit for May 2011

NORFOLK, Va., June 22, 2011 /PRNewswire/ -- Amelot Holdings, Inc. (Pinksheets:AMHD - News) is pleased to announce that its wholly owned subsidiary, Amelot Properties, LLC. ("Amelot Properties"), earned a net profit of $156,836.77 for the month of May 2011. This was obtained by the sale of six properties which the Company recently renovated.

The settlements were conducted by and at the offices of Metropolitan Title in Fort Wayne, Indiana.

Through May 31,2011, Amelot Properties has netted and retained $374,393.37 in earnings.

"We are also pleased to announce an additional revenue stream for Amelot Properties," said Fred Guarnieri, President and CEO. "Besides profiting from the resale of properties and from our rental portfolio, Amelot Properties has begun receiving interest income from mortgages held. Based on  the mortgages currently held in our portfolio, net interest income from our first year in operation is expected to be in excess of $28,500. It is my intent to add to this revenue either by doing owner financing, or through the purchase of existing mortgages that are deeply discounted," Mr. Guarnieri concluded.

Amelot Properties is currently earning 8 percent interest on mortgages held.

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
[email protected]
http://www.amelotholdings.com

SOURCE Amelot Holdings, Inc.