SOURCE: Alternative Energy Development Corp.

October 13, 2009 17:03 ET

Alternative Energy Development Corporation Inks Deal With Bennett Wholesale for 5,000 Unit Purchase Commitment of e3 Fuel Savers

GLENDALE, AZ--(Marketwire - October 13, 2009) - Alternative Energy Development Corporation (OTCBB: ADEC), an emerging provider of after-market fuel conservation technologies, announced today that Bennett Wholesale has agreed to a 5,000 unit purchase commitment for the company's patented, e3 Fuel Saver -- a cost-effective automotive fuel saving device designed to help consumers save serious money at the pump.

"I am really excited about this product!" said Jameel Bennett, Owner of Bennett Wholesale Distributors, LLC, located in Columbia, South Carolina. "I was able to travel out of town two hours -- 146 miles each way -- and did not need to fill up until I returned home. All total, I did 409 miles on a single tank of gas in a V6 vehicle. I calculated that I gained an extra 112 miles per tank (14 gallon tank) of gas."

Alternative Energy Development Corporation's e3 Fuel Saver is an aftermarket automotive fuel saving device that operates on all new and late model gas powered vehicles and retails for just under $300. Independent tests conducted on vehicles equipped with the e3 Fuel Saver confirmed:

        -- Up to a 50% increase in city and highway mileage
        -- A reduction in vehicle emissions output
        -- An improvement in overall engine performance

"Feedback for the product has been terrific," said Jay Alvarez, CEO of AEDC. "The e3 Fuel Saver is a highly affordable way for new and late model vehicle owners to save money on fuel costs and personally contribute to creating a cleaner eco-environment. Plus, our customers love the simplicity. The Fuel Saver can be installed in just under an hour and the product requires little to no on-going maintenance."

With over 250 Million registered vehicles in the US alone... Alternative Energy Development Corporation intends to be the industry leader in the design, development, manufacturing, marketing, and distribution of cost-effective after-market fuel conservation technologies for consumers, government entities and business owners. The Company is currently working with automotive dealers and installers nationwide to make the e3 Fuel Saver readily available to all gas powered vehicle owners.

About AEDC

Alternative Energy Development Corporation (AEDC) 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 the e3 Fuel Saver please visit our website at www.aedccorp.com or contact us directly: sales@aedccorp.com/1.888.799.3339.

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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