SOURCE: Alternative Energy Development Corp.

August 03, 2009 05:39 ET

Alternative Energy Development Corporation Garners Multiple Nominations at 6th Annual Euromoney and Ernst & Young Global Renewable Energy Awards

International Awards Show -- Dubbed the "Green Oscars" -- Honors "Top" Companies in the Renewable Energy Industry

GLENDALE, AZ--(Marketwire - August 3, 2009) - Alternative Energy Development Corporation (OTCBB: ADEC), an emerging provider of after-market fuel conservation technologies, announced today that the company has received nominations in four of the ten awards categories at this year's 6th Annual Ernst & Young Global Renewable Energy Awards, to be held in London, England on September 21, 2009.

The Awards, dubbed the "Green Oscars," take place every year alongside the Renewable Energy Finance Forum (REFF) in London, and were founded to recognize the projects, companies and individuals who have made a significant contribution to the global renewable energy sector.

AEDC received nominations in the following four categories for the development and launch of its patented, e3 Fuel Saver -- a cost-effective, automotive fuel saving device that improves gas mileage by up to 50%, helps consumers conserve fuel and reduce harmful carbon based vehicle emissions.

--  Entrepreneurial Developer of the Year
--  Corporate Developer of the Year
--  Climate Change Investment Program of the Year
--  Corporate Finance Deal of the Year
    

"We are honored to receive four nominations at this year's Global Renewable Energy Awards," said Jay Alvarez, President & CEO of AEDC. "It's exciting to be part of such a prestigious event. The awards provide a great opportunity to generate global awareness for our fuel conservation product. We really want to help consumers, business owners and government agencies save money on fuel costs and the e3 Fuel Saver is a great way to do that."

For more information about the 6th Annual Euromoney and Ernst & Young Global Renewable Energy Awards please visit www.euromoneyenergy.com/EventDetails/0/915/6th-Ernst-Young-Global-Renewable-Energy-Awards.html

For more information about Alternative Energy Development Corporation and/or the e3 Fuel Saver please visit the AEDC website at www.aedccorp.com or contact us directly at sales@aedccorp.com.

About AEDC

Alternative Energy Development Corporation is an Arizona-based company whose objective is to promote the development and installation of cost-effective, fuel saving automotive technology worldwide. Our environmentally friendly product was designed to provide a practical and affordable solution to curb rising fuel costs for consumers worldwide and reduce harmful greenhouse gas emissions that contribute to global warming. For more information about AEDC and our products, visit us at www.aedccorp.com or call 888.799.3339.

Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.

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