SOURCE: Atlantic Energy Solutons

December 02, 2008 09:15 ET

Strategic Discussions Underway to Build a Solar Power Plant on Florida's West Coast

SARATOGA SPRINGS, NY--(Marketwire - December 2, 2008) - Atlantic Energy Solutions, Inc. (PINKSHEETS: AESO) is announcing that they are engaged in strategic negotiations with a West Coast Florida land owner to build a solar power plant that would produce enough energy to service approximately 12,500 homes and provide an alternative energy source that can be sold to one or more Florida electric companies.

These strategic discussions have involved developing a long term energy vision with the land owners and municipalities while providing a state of the art energy source that benefits all facets of municipality energy needs.

The project is in the developmental stages and would result in the installation of a 50 MW solar PV power plant. In addition to servicing the needs of homes, municipalities, and electric utility companies, Atlantic Energy would also operate and maintain the plant for a range of 20-30 years.

The energy produced by the PV solar plant will be sold as electricity and provide recurring revenues for Atlantic Energy Solutions, the land owner, and the municipality over the lifetime of Atlantic Energy's involvement with the plant.

Atlantic Energy CEO Timothy Brock said, "This large scale solar PV project is in synch with our strategic plans for delivering on 'green technology' and directly coincides with supporting initiatives within Florida's Renewable Energy Portfolio. This is a great example of the diversity we expect to show in our future projects."

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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