SOURCE: AEC Holdings Corp.

April 16, 2007 10:37 ET

AEC Holdings Corporation Announces Acquisition of Technological Company Which Will Be Instrumental in the Company's Biometric Bid in South America

MIAMI, FL -- (MARKET WIRE) -- April 16, 2007 -- AEC Holdings Corp. (PINKSHEETS: AECH), previously Amazon Energy and Oil Corp. (January of 2007), announces the acquisition of Amazon Energy and Communications Corp (www.amazonenergycomm.com) and its subsidiaries as of October of 2006 and Phoenix Conexxion, Inc. (www.phxx.com).

National security is among the top 3 concerns of every government in today's world. Identity theft has become a worldwide problem affecting all economies from the micro to the macro.

Credit card fraud is estimated at $2 billion per year worldwide; and in the USA, welfare fraud (by double dippers) is believed to be in excess of $4 billion a year. Robust, reliable, and foolproof personal identification solutions must be sought to address the deficiencies of conventional techniques.

AEC Holdings, Inc., through its wholly owned subsidiaries and strategic partnerships, is involved in the access control and identity theft management controls industry, through Biometric Identification.

In addition, AEC Holdings, Inc. is involved in providing technology business solutions to its customers through its wholly owned subsidiary, Phoenix Conexxion, which provides Data Mining and Analysis, Data Storage, Data Distribution Services, Customized Business Solutions Software Development, Security Testing Technologies, and Homeland Security Technologies.

Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of AEC Holdings Corp. (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission.

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