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Amelot Holdings Announces Business Status Update Friday October 14, 9:20 am ET
CHEYENNE, WY--(MARKET WIRE)--Oct 14, 2005 -- Amelot Holdings, Inc. (Other OTC:AMHD.PK - News) is pleased to announce the timelines for the Kerr 1-H project are on target, beginning with the construction of the location which is scheduled for the third week of October 2005. Rigging is expected to be completed by the end of November 2005. Further updates on the oil and gas drilling operations of Kerr 1-H will be announced in the next few weeks. These updates can also be found at http://www.amelotholdings.com/project/timelines.htm
The Company is also pleased to announce that it is in the final stage of completion of the development and design work for its three commercial Web sites for the Wood, Timber and Forestry Industries which will replace the current sites located at http://www.amelotholdings.com/client/timber.htm
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The beta testing phase of the sites is expected to be completed by the end of October 2005.
These sites include the following:
The Wood Explorer -- A massive knowledge-based site featuring 5,000 tree species.
The Wood Market -- Dedicated to providing assistance in locating wood suppliers, as well as sources of supply for a broad range of related value added products.
The Wood Exchange -- A global wood portal that delivers trading opportunities to companies and individual entrepreneurs involved in wood business.
Amelot Holdings continues to solidify The Wood Explorer CD as a strong niche player in the woodworkers' and commercial wood markets. Going beyond just providing comprehensive searchable information on wood species worldwide, The Wood Explorer CD has now added thousands of tree pictures to its database.
Aziz Hirji, President and Chairman stated, "I am extremely pleased by the fact that we have made numerous significant achievements in recent months creating strong future growth opportunities. We have a focused business plan, dedicated and loyal customers and very attractive market opportunities. We will endeavor to take full advantage of all the opportunities in front of us to grow the company and improve profitability."
About Amelot Holdings, Inc.
Amelot Holdings, Inc. is a diversified holding company focused on acquiring under-valued, high-growth firms and properties in the natural resource industry.
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.
Tooka: Yeah, the PR is good news, but no buys on news The PR indicated they have customers on the wood side already, so that's revenues, they are also part of the Oil & Gas project in Texas, which looks very promising. I think it's just been beaten up once too many times and is sitting at its low. I think it'll recover back to the .005+ range over the next few days. I hate to see it this low, but took advantage of it yesterday
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound
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So what your saying is i should put a sell order in at .005 and make it GTC so my ass is covered and i get a quick 32% gain on this one. Then if i see it drop below .004 again pick it back up and hold to early Nov for the run .
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You know something, I just looked through there web site again - it's awesome. These guys are solid man. I'm a huge believer in this stock. IMHO it's one of the only stocks traiding on the pinks that is truly a real deal stock.
-------------------- You can't afford to risk, what you can't afford to loose.
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Bought in at .04 last week sold yesterday at .02 , trying to clean house and start my profolie all over again , dont see this thing going any were except the same direction as CMKX which by the way i'm stillholding as i'mnwaiting for the merger and Shares od EGtMF ...
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quote:Originally posted by Polarbear17: Bought in at .04 last week sold yesterday at .02 , trying to clean house and start my profolie all over again , dont see this thing going any were except the same direction as CMKX which by the way i'm stillholding as i'mnwaiting for the merger and Shares od EGtMF ...
Polarbear - I'll bet you a star that AMHD will see .007 again in the next 12 business days.
-------------------- You can't afford to risk, what you can't afford to loose.
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You can have my star, i'm playing with such limted funds that i wish i could buy AMHD , but i'll have to wait to see what happens with CWFG, Aand ICMH both expected to pop within the next two weeks.
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The PR indicated they have customers on the wood side already, so that's revenues, they are also part of the Oil & Gas project in Texas, which looks very promising. I think it's just been beaten up once too many times and is sitting at its low. I think it'll recover back to the .005+ range over the next few days. I hate to see it this low, but took advantage of it yesterday ![[Smile]](smile.gif)
