Amelot Holdings has signed a letter of intent to acquire the Three Rivers Biofuel company. Commenting on the deal Mr. Aziz Hirji, president and CEO of Amelot Holdings said; "Bud Stacy is the only man for this job. Bud's track record of designing, constructing, and operating large scale energy plants speaks for itself. He took Olgethorpe Power and turned it into a Fortune 500 top 50 utilities company. He is just the kind of person we need and want at Amelot to build our first class Jatropha biodiesel plants in the U.S. and around the world."

The acquisition of TRB, says Amelot, will allow it to construct a state of the art Jatropha biodiesel facility with a full capacity that will reach 100 million gallons a year when fully upgraded. TRB has the rights to a 20 acre parcel where construction of phase I will be a 5 million gallon processing facility which will be built on a 2000 acre industrial park in Burnsville Mississippi; additionally, TRB has the option to acquire an additional 20 acre parcel for future growth and expansion. Currently, soy-based biodiesel trades for $5.01 per gallon.

"The acquisition of Three River's Biofuel LLC by Amelot Holdings Inc will give us access to quality feedstock," said Forrest F. "Bud" Stacy, president and CEO of TRB,. "We felt that Amelot's strengths matched very well with our expertise in the designing, development, and management of biodiesel facilities. This is the perfect fit and it is a win-win situation."

The Three River's site has access to merchant shipping, trucking, and rail which will allow accessibility and low cost shipping options for incoming Jatropha feedstock and shipping refined biodiesel. The state of the art biodiesel plant will be fully scalable and will grow as Amelot's Jatropha plantations mature. This will provide a significant cost savings to Amelot, TRB, and the shareholders.

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