SOURCE: AER Energy Resources, Inc.

October 05, 2011 14:59 ET

AER Energy Signs Joint Venture to Supply ExxonMobil Fuel Estimated at $420 Million in Annual Revenues

SCOTTSDALE, AZ--(Marketwire - Oct 5, 2011) - AER Energy Resources, Inc. (PINKSHEETS: AERN) is pleased to announce it has entered into an agreement for the formation of a Joint Venture with Energex Fuel Corporation and Triton Global Petroleum to supply an estimated $420 million USD of ExxonMobil product annually to the aviation industry.

Triton Global Petroleum is a worldwide trader of aviation fuel to commercial, government and corporate aircraft, and has completed and entered into a Joint Venture with Energex to supply an estimated $420 million USD in ExxonMobil petroleum products annually. "This size of top-line revenue and anticipated net profit will establish AER Energy Resources, Inc. as a substantial competitor in the 'Fuel trading Sector,'" stated Stan Wilson, AER Energy Resources, Inc., President.

In addition: "This introduction to Triton through our relationship with Energex is a valid strategic instance to apply the Company's prior fuel trading experience. AER Energy will continue to grow this relationship and expects to dramatically increase AER Energy's presence in the Corporate, Commercial and Government fuel supply industry," stated Mr. Wilson.

ABOUT AER ENERGY RESOURCES, INC.

AER Energy Resources, Inc. (www.aernenergy.com) is a diversified holding company with an emphasis on oil and gas exploration, drilling, well completion and fuel distribution.

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words or phrases "would be," "would allow," "intends to," "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.