SOURCE: Alternative Energy Development Corp.

October 16, 2009 17:29 ET

Alternative Energy Development Corporation and Potts Advertising Sign Binding Letter of Intent; e3 Fuel Saver to Retail at 835 Dealers Nationwide by June 2010

GLENDALE, AZ--(Marketwire - October 16, 2009) - Alternative Energy Development Corporation (OTCBB: ADEC), an emerging provider of clean fuel automotive solutions announced today that the company has entered into a binding letter of intent with Potts Advertising of Fort Lauderdale, Florida to launch a national marketing, distribution and reseller campaign to promote sales of AEDC's e3 Fuel Saver -- a cost-effective automotive fuel saving device designed to help consumers save serious money at the pump.

Under the terms of the agreement, Potts Advertising, a nationally recognized leader in automotive marketing, advertising and distribution solutions shall be granted exclusive rights to act as agent for product sales of the company's propitiatory e3 Fuel Saver to participating Potts auto dealers throughout North America. The Agreement calls for Potts to deliver 835 dealers by June 30, 2010. e3 Fuel Saver units will be sold to participating Auto Nation, Van Tuyl and Sonic auto dealers, who will also be recognized as certified AEDC resellers/installers for the e3 Fuel Saver.

"We couldn't be more excited about our relationship with Potts Advertising; this is a major step forward in terms of building our business," said Jay Alvarez, President & CEO of AEDC. "The relationship with Potts is a vital component to building brand awareness for the e3 Fuel Saver and strengthens our direct outreach to consumers through well established distribution and sales channels."

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
    

With over 250 Million registered vehicles in the US alone, Alternative Energy Development Corporation intends to become 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.

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 1.888.598.2332 (888-598-aedc).

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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