MERRITT ISLAND, FLORIDA -- (Marketwire) -- 07/15/10 -- Alternative Energy Partners (OTCBB: AEGY), provider of comprehensive alternative energy solutions, is pleased to announce that Cliff Bream will be joining its Board of Directors.
Bream is an accomplished executive and investor with over 25 years' experience leading industry giants in a variety of sectors. After beginning his career at Proctor & Gamble, he moved on to become a VP at Epson before holding Senior VP positions at Xerox and Cable & Wireless. He has managed public and private companies in president and CEO positions at Esyon, Worldwide Wireless, EMS, and NCT.
Bream's deep history and experience includes a nuanced understanding of the alternative energy industry. He is the CEO of Renewable Energy and Water ('REW'), a California-based developer and systems integrator of renewable energy projects and water reclamation solutions. There, Bream oversees REW's dynamic use of high quality technologies and processes including Water Treatment Technologies, Anaerobic Digestion of waste to create energy and Biogas, and Fuel Cell Power Plants.
A graduate of the United States Naval Academy, Bream also holds an MBA from The Wharton School at University of Pennsylvania.
'I look forward to joining the board of Alternative Energy Partners. As CEO of an alternative energy company myself, I am absolutely committed to providing customers with the most cost-effective energy infrastructure and use solutions.' Bream adds, 'I intend to share the best of my experience and insight with AEGY and hope that the oversight I can provide on the AEGY Board will enhance value for all our shareholders.'
Earlier this week Alternative Energy Partners announced that it had signed a European energy deal by which its wholly owned subsidiary Skynet Energy Systems, Inc. ('Skynet') would have access to obtain Line Reservations in Europe, a minimum guaranteed sale of 19.65MW energy at local prices ranging from approximately $0.42/kw to $0.72/kw. Pursuant to the agreement, Skynet will provide energy in Europe, including Bulgaria and the Czech Republic.
About Alternative Energy Partners, Inc.
Alternative Energy Partners ('AEGY') is focused on sourcing, marketing and distributing renewable alternative energy solutions. Through its wholly owned subsidiary, Sunarias Corporation (www.sunarias.com), AEGY provides on-site solar-thermal energy systems that allow businesses to reduce energy costs. It also holds Shovon, LLC, provider of remote control energy managements. AEGY recently announced that through a third subsidiary, Skynet Energy Systems, Inc., it is poised to enter the European alternative energy market. 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) under the symbol AEGY. For more information 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 supplements filed with the SEC pursuant to Section 13(a), 13(c) or 14 of 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. Thus, 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.
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