CHEYENNE, Wyo., Jul 29, 2008 -- Amelot Holdings, Inc. (Pink Sheets:AMHD) is pleased to announce that the necessary paperwork has been completed, and Amelot's Barbados subsidiary is now fully operational.

Amelot Oil Barbados Ltd. is now an officially registered business on the island of Barbados. The company is making tremendous progress as it continues to build a solid corporate foundation.

Handel Callender, General Manager Barbados, is finalizing Amelot's lease agreement with Counterpart Caribbean at the Future Centre. This agreement will establish Amelot's base of operations. The partnership between the Future Centre and Amelot Oil will only further strengthen as each party continues its pursuit and commitment to the education and practice of good environmental principles.

The company is also in the process of finalizing its official strategic proposal for the St. Thomas Parish Ambassador's Program. Amelot is looking to have this proposal finalized and submitted in the coming weeks.

"I am very pleased with the progress of the Barbados Project," stated Aziz Hirji, President of Amelot Holdings, Inc. "Everything is going as planned. Our goal is to build a solid reputation and presence on the island of Barbados. Mr. Callender has done an excellent job of creating awareness and excitement about the project throughout the island. I am looking forward to updating all of our shareholders on the continued progress of our newest subsidiary."

About Amelot Holdings, Inc.:

Amelot Holdings, Inc. ( http://www.amelotholdings.com), a publicly traded company, is a diversified holding company that has identified Bio-diesel as a $20 billion emerging market. Amelot plans to have a significant market share in growing low cost feedstocks to supply the growing demand for biodiesel, to reduce energy dependency of fossil fuels, to help reduce the U.S. dependency on foreign oil supplies and reduce the impact of energy on our environment.