Kerry Associates Inc. Receives LOI for $30 Million Dollar Financing on Behalf of Amelot Holdings Inc.

Kerry Associates, Inc. announces that the company has
received a LOI for $30 Million Dollars in Financing on behalf of
Amelot Holdings, Inc. (Pink Sheets: AMHD). Based upon initial due
diligence and information provided to Remington Financial Group, a
letter of interest to Finance $30 million dollars for Amelots
Bio-Diesel division was received on Friday May 5th. Eric Cousens,
President of Kerry Associates stated "This is a non dilutive
financing. We have received numerous inquiries over the last few weeks
from investors, venture capitalist and joint venture prospects since
we started our campaign to raise capital for Amelot Holdings. Our
strategy is to put Amelot and its shareholders in the forefront of the
Bio-Diesel Industry. The progress being made has exceeded all our
expectations."

   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.
   For more information on Amelot Holdings Inc. Visit:
www.amelotholdings.com

   About Kerry Associates, Inc.

   Kerry Associates Inc. is a business consulting firm helping
companies develop and expand into emerging markets while strategically
executing their objectives.
   For more information on Kerry Associates Inc. Visit:
www.kerryassociates.com

   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.