Alternative Energy Partners, Inc.
OTC Bulletin Board : AEGY

Alternative Energy Partners, Inc.

April 04, 2011 12:13 ET

Alternative Energy Partners (AEGY) Announces Filing of 12(g) Registration

MERRITT ISLAND, FLORIDA--(Marketwire - April 4, 2011) - Alternative Energy Partners, Inc. (OTCBB:AEGY), a provider of comprehensive alternative energy solutions, announces that it has filed a Form 8-A Registration Statement today with the Securities and Exchange Commission, registering its common stock, par value $0.001 per share, under Section 12(g) of the Securities Exchange Act of 1934.

This filing was required to be made within one year after the shares of the Company first were admitted for trading on the OTC Bulletin Board, and should have been filed by prior management of the Company in 2009. Current management was not aware that this required filing had not been completed by the former management until it was advised by the Financial Industry Regulatory Association (FINRA) on April 1, 2011 that an "E" symbol had been added to the Company's trading symbol AEGY as a result of the failure to file the Form 8-A. The addition of the "E" symbol was not the result of a late or delinquent filing of a required periodic report (Form 10-K or 10-Q) by the Company, which is current on all of its required filings.

The Company has notified FINRA that the late Form 8-A has been filed and expects the "E" symbol to be removed shortly.

About Alternative Energy Partners, Inc.

Alternative Energy Partners ("AEGY") is focused on sourcing, marketing and distributing renewable alternative energy solutions. AEGY's Xnergy is an award-winning engineering, construction, and alternative energy market leader based in Southern California (www.xnergy.com). AEGY is the sole member of Shovon, LLC (www.shovon.com), a provider of remote control energy management systems, and is also poised to enter the European alternative energy market through its Skynet Energy Systems, Inc. AEGY's goal is to offer a full portfolio of high-performance energy solutions for homes and businesses of all sizes. Alternative Energy Partners is publicly traded on the NASDAQ OTC (OTCBB:AEGY). For more information about AEGY, please visit www.aenergypartners.com.

FORWARD LOOKING STATEMENT

This announcement is not an offer to sell any Alternative Energy Partners ("AEGY") securities. Offers for any given security are made only through applicable offering circulars and related documents filed with the SEC pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934. Certain statements contained herein and subsequent oral statements made by and on behalf of AEGY may contain "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward looking statements are identified by words such as "intends", "anticipates", "believes", "expects", and "hopes" and includes, without limitation, statements regarding AEGY's plan of business operations, product research and development activities, anticipated revenues and expenses and potential contractual arrangements and obligations. Forward-looking statements speak only as of the date of the document/oral statement in which it was made. In making any such statements, the person making them believes that his expectations are based on reasonable assumptions; however, any such statement may be influenced by factors that could cause actual outcomes and results to be materially different from those projected or anticipated. These forward-looking statements are subject to numerous risks and uncertainties. There are various important factors that could cause actual results to differ materially from those in any such forward-looking statements and are mostly out of the company's control. Among these are: general economic conditions, receipt of additional working capital, and acceptability of the company's products in the marketplace as well as other factors set forth in the company's SEC filings. AEGY disclaims any intent or obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise.

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