MERRITT ISLAND, FLORIDA -- (Marketwire) -- 03/03/11 -- Alternative Energy Partners, Inc. (OTCBB: AEGY) today warned potential investors that a California based company, Occidental Capital Partners, Inc., with an address in San Francisco, CA, has been offering AEGY common stock to investors, who mainly appear to be in Canada, and representing that it is acting on behalf of AEGY. When investors are convinced by Occidental representative to make an investment, funds are wired to a designated bank account of Occidental, but no share certificates for AEGY shares are ever delivered. AEGY has now been contacted by several Canadian investors and also has cooperated with the British Columbia Securities Commission, which is conducting an investigation into Occidental Capital.
AEGY has no relationship of any kind with Occidental Capital and was unaware of its activities or existence until contacted recently by a resident of British Columbia, inquiring about the status of AEGY shares purchased through Occidental Capital. AEGY has had no public or private offering of its shares underway, and has never retained Occidental Capital to offer shares on its behalf. According to AEGY's transfer agent, Occidental Capital also is not a direct shareholder of any shares of AEGY.
AEGY will offer and sell its common stock to public investors only through an effective registration statement filed with the U.S. Securities & Exchange Commission, and currently there is no registration statement either filed with the SEC or effective. Anyone who is contacted by representatives of Occidental Capital Partners and solicited to purchase shares of AEGY should refuse to purchase any shares and then should contact the SES.
About Alternative Energy Partners, Inc.
Alternative Energy Partners ('AEGY') is focused on sourcing, marketing and distributing renewable alternative energy solutions. AEGY's Xnergy is an award-winning engineering, construction, and alternative energy market leader based in Southern California (www.xnergy.com). AEGY includes Shovon, LLC (www.shovon.com), a provider of remote control energy management systems, and is also poised to enter the European alternative energy market through its Skynet Energy Systems, Inc. AEGY has also announced its intention to acquire Renewable Energy and Water (www.Renergyandwater.com). AEGY's goal is to offer a full portfolio of high-performance energy solutions for homes and businesses of all sizes. Alternative Energy Partners is publically traded on the NASDAQ OTC (OTCBB: AEGY). For more information about AEGY, please visit www.aenergypartners.com.
FORWARD LOOKING STATEMENT
This announcement is not an offer to sell any Alternative Energy Partners ('AEGY') securities. Offers for any given security are made only through applicable offering circulars and related documents filed with the SEC pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934. Certain statements contained herein and subsequent oral statements made by and on behalf of AEGY may contain 'forward looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward looking statements are identified by words such as 'intends', 'anticipates', 'believes', 'expects', and 'hopes' and includes, without limitation, statements regarding AEGY's plan of business operations, product research and development activities, anticipated revenues and expenses and potential contractual arrangements and obligations. Forward-looking statements speak only as of the date of the document/oral statement in which it was made. In making any such statements, the person making them believes that his expectations are based on reasonable assumptions; however, any such statement may be influenced by factors that could cause actual outcomes and results to be materially different from those projected or anticipated. These forward-looking statements are subject to numerous risks and uncertainties. There are various important factors that could cause actual results to differ materially from those in any such forward-looking statements and are mostly out of the company's control. Among these are: general economic conditions, receipt of additional working capital, and acceptability of the company's products in the marketplace as well as other factors set forth in the company's SEC filings. AEGY disclaims any intent or obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise.
Alternative Energy Partners, Inc.