SOURCE: Atlantic Energy Solutions

November 10, 2008 10:25 ET

Atlantic Energy Solutions Closes on $10 Million Transaction With Trafalgar Capital

SARATOGA SPRINGS, NY--(Marketwire - November 10, 2008) - Atlantic Energy Solutions, Inc. (PINKSHEETS: AESO) is pleased to announce that that they have closed on their transaction with Trafalgar Capital Specialized Investment Fund, a Luxembourg-based company that specializes in working with small cap companies in helping them achieve their growth objectives.

Trafalgar has committed up to $10,000,000 over a two-year period with the initial funding of $2,500,000 provided to Atlantic Energy Solutions in support of the Company's growth initiatives.

In being able to draw upon the financial resources of Trafalgar, Atlantic Energy Solutions is poised to deliver on new projects involving the deployment of state-of-the-art "green" technology in solar power, wind turbine plants, co-generation plants and geothermal as well as traditional energy efficiency opportunities which are some of the key building blocks to the company's future.

Atlantic Energy Solutions, a nationally accredited ESCO, is providing performance guarantees and other purchase power agreements in schools and other public facilities from Maine to Florida with values equaling nearly $50m in new green technology design, construction, operations, and maintenance.

Atlantic Energy Solutions CEO Timothy Brock said, "We are pleased in completing this funding round with Trafalgar and look forward to meeting the objectives of both our clients and business in creating greater shareholder value."

About Atlantic Energy Solutions Inc.

Atlantic Energy Solutions is a globally accredited Energy Efficiency and Resource Company and member of NAESCO (www.Naesco.org) that identifies, implements and finances energy efficiency projects designed to improve the overall efficiency of energy, water usage and renewable resources, reducing our dependency on foreign oil and diminishing our carbon footprint. Headquartered in Saratoga Springs, NY and with a satellite office in Fairfield, NJ, Atlantic Energy Solutions assesses the energy demands and usages of municipal, corporate and industrial complexes to improve conservation and apply measures to boaster savings at the consumer level.

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Atlantic Energy Solutions Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include, but are not limited to, fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise any forward-looking statements.

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