FORT LAUDERDALE, FLORIDA -- (Marketwire) -- 07/12/10 -- Alternative Energy Partners (OTCBB: AEGY) today announces that it has signed an agreement to deliver energy in Europe, guaranteeing it a spot in the competitive foreign alternative energy market.
The terms of the deal give AEGY's wholly owned subsidiary Skynet Energy Systems access to obtain Line Reservations in Europe, with a guaranteed minimum 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.
'The European Union and its member states have a mandate to derive 20 percent of their energy mix from renewable sources by 2020,' said Gary Reed, CEO of Alternative Energy Partners. 'As a result, they are aggressively seeking alternative energy solutions, and we believe our line of products and services is ideally suited to meet their needs.'
Europe is ahead of the curve on alternative energy. Both national governments and the European Union as a whole have been supportive of efforts to increase alternative energy usage throughout the continent. A recent photovoltaic (PV) market analysis by Solarbuzz.com stated that 9 countries will deliver market sizes in excess of 250 MW PV in 2010, up from 6 countries in 2009. Europe, that report stated, anticipated rapid growth in three countries, Italy, France, and the Czech Republic, would generate 3 gigawatts (GW) of demand this year.
Reed says, 'The European marketplace shares AEGY's passion for accessing the best alternative energy technology available; the demand is there. We are thrilled to see this deal take form and are actively exploring additional opportunities for AEGY to expand in this welcoming and increasingly rewarding environment.'
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. 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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