FORT LAUDERDALE, FLORIDA -- (Marketwire) -- 06/24/10 -- Alternative Energy Partners, Inc. (OTCBB: AEGY) -
Tens of thousands more gallons of oil gushed into the Gulf of Mexico yesterday after the containment cap failed, forcing BP to remove it. At the same time, Senate Democrats stalled in their efforts to advance the climate change bill to the Senate floor.
In response to these developments, Gary Reed, CEO of Alternative Energy Partners (OTCBB: AEGY), today released the following statement:
'We need to hold British Petroleum responsible for its reckless actions in the Gulf. But to truly solve the problems caused by our dependence on fossil fuels, we must as a nation transition to clean, renewable energy sources. There are so many practical and affordable options; we need strength in leadership to guide the market.
'Yesterday, leading Democratic Senators asked President Obama to take charge of the climate control bill to ensure it passes with strong clean energy provisions. We join the Senators in urging the President to use his influence to advance the legislation quickly and to get the job done.
'Through a focus on the clean energy industry, thousands of jobs can be created across all fields of labor, having an immediate and exponential effect on the U.S. economy. All guideline legislation should have the net effect of creating jobs, period.
We believe successful energy reform calls for the inclusion of the following measures in the bill:
-- Predictable federal incentives and tax rebates for both the public and private sectors to remove the uncertainty surrounding project financing. -- Strategically placed renewable energy generation centers supported by feed-in tariffs to serve communities that are net importers of power and reduce the need for grid upgrades. -- Robust Renewable Energy Standards (RES) that will have the effect of increasing investment in renewable power generation. -- Federal guidelines to standardize energy efficiency measures and deadlines that will promote innovation and commitment.
'These provisions will create jobs, boost the economy and protect the environment from further damage related to the use of dirty fuels like oil and coal. They will also help reduce our dangerous dependency on foreign oil, which is jeopardizing our economic recovery and undermining our homeland security.
'There is no question anymore that alternative energy is the future, the question is whether the United States will take a leadership position in this technology.'
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 that allows businesses to reduce energy costs. AEGY's goal is to offer a full portfolio of high-performance clean-energy production 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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