FORT LAUDERDALE, FLORIDA -- (Marketwire) -- 06/22/10 -- Alternative Energy Partners, Inc. (OTCBB: AEGY) announced today that it has been named the exclusive alternative energy provider for Healthcare of Today, Inc.
Effectively immediately, Healthcare of Today (www.healthcareoftoday.com) will begin introducing AEGY's energy-saving products and services, including its on-site solar thermal energy utilities, to its large group of subsidiary companies.
As part of the deal, Healthcare of Today also agrees to introduce and recommend Alternative Energy Partners to its extensive customer base.
AEGY's solutions provide clean energy at a cost below that of traditional utilities to power an organizations facility operations and day-to-day business functions.
Healthcare of Today is a holding company focused on developing and acquiring vertically-integrated companies, primarily within the healthcare industry. Its subsidiaries include residential care facilities for the elderly, hospice, adult day care, home healthcare services and healthcare educational institutions.
'Fast-rising energy costs and the growing impact of fossil fuels on the environment are pressing concerns in healthcare,' said Healthcare of Today CEO Henry Jan. 'We're extremely pleased that AEGY has effective solutions for both of these issues. AEGY's products and services save money that we can immediately reinvest in our operations and new business opportunities. At the same time, AEGY's clean energy solutions will allow our companies to reduce their carbon footprints and meet government clean energy targets.'
The U.S. Department of Energy states that hospitals have more than 2.5 times the energy intensity and carbon dioxide emissions of commercial office buildings. Further, the U.S. government reports that healthcare organizations spend over $6.5 billion on energy each year, an amount that is believed to be rising.
Sunarias, a wholly-owned subsidiary of Alternative Energy Partners, on June 15, 2010 announced the launch of its Sunarias Healthcare Alternative Energy Program. Sunarias is a leading provider of on-site utilities that generate clean solar thermal energy to provide for building's heating and cooling needs.
Alternative Energy Partners CEO Gary Reed says, 'Healthcare of Today is in a remarkable growth phase; our strategic partnership now positions AEGY to grow with it. One unique feature of our alternative energy systems is that they can be customized to businesses of all sizes, whether new construction or retrofit. Being chosen to service Healthcare of Today's national network presents us with an important opportunity to show the country that there are easy energy alternatives that make better sense.'
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 recently announced that it will acquire Shovon, LLC (www.shovon.com), which enables remote monitoring and control, via PC or cell phone, of high-power electrical devices from anywhere in the world. 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.
About Healthcare of Today
Healthcare of Today is a vertically-integrated healthcare holding company. Founded in 2008, it has since acquired a number of companies, many specializing in the senior care industry. Its subsidiaries are engaged in a wide range of businesses including: nurse staffing, residential care facilities for the elderly, home healthcare services, home healthcare equipment sales, healthcare information technology, medical equipment, healthcare consulting, insurance, data security, advanced human tissue engineering, alternative energy (AEGY.ob) and more.
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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