Amelot Properties, LLC. Reports Profits for April 2011

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

SOURCE Amelot Holdings, Inc.