MERRITT ISLAND, FLORIDA -- (Marketwire) -- 08/06/10 -- Alternative Energy Partners (OTCBB: AEGY), provider of comprehensive alternative energy solutions, has signed a third European green energy deal.
Skynet Energy Systems ('Skynet'), a subsidiary of Alternative Energy Partners ('AEGY'; www.aenergypartners.com), has entered into an agreement with Suna Energy, Inc. to engage in a minimum guaranteed sale of 15MW energy at local energy prices, beginning at approximately $0.55/kwh. The estimated annual output for this project will be 1600 hours per year.
The deal, announced today, is the third European energy deal for AEGY. The company announced in July that Skynet was in the process of obtaining Line Reservations in Europe. Through those Line Reservations Skynet plans to provide 19.65MW energy to various Feed in Tariff ('FIT') countries, including Bulgaria. A second deal, announced last week, provides for a 20MW energy delivery.
At the same time as it has successfully engaged in international outreach, AEGY has also strengthened its internal positioning. Last month the company announced that Cliff Bream, a former executive with companies such as Epson and Xerox, would be joining its Board of Directors. AEGY has also launched a brand new website (www.aenergypartners.com) to better showcase its range of offerings and foster increased communication with interested shareholders and members of the energy community.
CEO of Alternative Energy Partners Gary Reed says, 'Alternative Energy Partners is in a significant growth period. Our efforts are focused on increasing shareholder value but also enhancing the overall shareholder experience.'
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 (www.shovon.com), 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: 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.