Kerry Associates Inc. Represents Amelot Holdings in Joint Venture Negotiations with Cellulose Ethanol Technology Company

Kerry Associates is pleased to announce that it has
entered into joint venture negotiations with a Cellulose Ethanol
Technology Company on behalf of Amelot Holdings, Inc (Pink Sheets:
AMHD). Cellulose technology is one of the world's most efficient,
renewable energy technologies for the production of ethanol and
electricity (green power) from organic waste. This technology produces
ethanol from any solid, non-hazardous, cellulosic waste material which
is then segregated from other waste materials.
   Eric Cousens, President of Kerry Associates, stated "We have
performed extensive research on different ethanol production
technologies all over the world, and have chosen to enter into joint
venture negotiations with this specific technology company. This
technology solves many problems facing the world's energy crisis that
is affecting all of us. With this technology, we can turn the worlds
waste into energy of the future. A major setback in the technologies
we have researched shows that there is just not enough feed stock to
supply the demand of conventional dry mill ethanol plants, and the
cost of feed is not economically sound. Statistics show the demand of
feed stock exceeds the current national supply. With this technology,
our everyday trash such as used tires, sewer sludge, plastics and
other Municipal Solid Waste (MSW) can be turned into ethanol. America
generates 240 million tons of MSW per year. The carbon in America's
available municipal wastes alone is enough to create 16 billion
gallons of ethanol annually."

   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. Please 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.
   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.