Alternative Energy Partners, Inc.
OTC Bulletin Board : AEGYD

Alternative Energy Partners, Inc.

December 10, 2010 09:01 ET

Alternative Energy Partners' (AEGY) Xnergy Honored by Congress for Clean, Green Technology

MERRITT ISLAND, FLORIDA--(Marketwire - Dec. 10, 2010) - Alternative Energy Partners (OTCBB:AEGYD) is proud to announce that Xnergy, Inc., its engineering, construction, and alternative energy firm based in Southern California, has been honored by the United States Congress for its work involving clean, green technology.

The award was issued to Xnergy by Congressman Darrell Issa (R-CA), recognizing the company's "commitment, dedication, and professionalism" in its implementation of clean and green technology in its work. Awarded through the San Diego North Economic Development Council at an event held at the California Center for the Arts in Escondido, the honor specifically recognizes Xnergy's Outstanding Economic Development Contributions.

Xnergy brings clean, green technology into play in a number of high-tech industries by providing comprehensive energy solutions, including design and build, as well as the implementation of cutting-edge alternative energy technologies such as fuel cells. Fuel cells are receiving much attention due to their ability to generate electricity much more proficiently (in some cases, over 50% electrical efficiency) than traditional power plants, with virtually no air emissions. They allow large energy consumers to obtain independence from utilities and grid-based power, while experiencing long term cost savings, and have become a preferred technology for many consumers for that reason. 

Xnergy has received a number of awards recognizing its excellent work and industry leadership. It has been rated the #1 Alternative Energy Provider by the San Diego Business Journal. The company's Abbott Vascular Site Expansion project received an award from the Associated Builders and Contractors in the $10-$99M category (2007), and their Encinitas City Hall Energy Retro-Fit won the SANDEE award for energy excellence (2008).

Jason Davis, CEO of Xnergy, says, "Xnergy's commitment to providing clean, green technology is furthered by our desire to save client companies unnecessary costs that they can use to create jobs or reinvest in their communities. Energy efficiency is a win for the environment and for the client's bottom line – and proves the point that smart energy usage is just good business."

About Xnergy

Xnergy is an award-winning engineering, construction, and alternative energy market leader based in Southern California. The company is a member of the United States Green Build Council and is led by LEED Accredited professionals. For more information please visit www.Xnergy.com.

About Alternative Energy Partners, Inc. (AEGY)

AEGY is a portfolio of energy solutions businesses servicing organizations of all sizes. Its companies include: Xnergy (www.xnergy.com), an energy services company, construction and engineering firm; Sunarias™ Corporation (www.sunarias.com), provider of on-site solar-thermal energy systems that allow businesses to reduce energy costs; Shovon, LLC (www.shovon.com), a provider of remote control energy management systems; and Skynet Energy Systems, Inc., through which it is poised to enter the European alternative energy market. Élan Energy Corporation, AEGY's mechanical contracting subsidiary, houses R.L.P. Mechanical Contractors, Inc., a mechanical contractor focused on the Dallas-Ft. Worth, TX medical sector. Alternative Energy Partners is publicly traded on the NASDAQ OTC Bulletin Board (OTCBB:AEGY); however, as a result of the recently announced and approved 50:1 reverse stock split, AEGY's stock symbol has temporarily changed to (OTCBB:AEGYD) for a period of 20 business days from November 24, 2010, and then will revert to its original symbol.

For more information please visit www.AEGYPartners.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. Also, our management may make forward-looking statements orally to investors, analysts, the media and others. Forward-looking statements express our expectations or predictions of future events or results. They are not guarantees and are subject to many risks and uncertainties. There are a number of factors beyond our control that could cause actual events or results to be significantly different from those described in the forward-looking statements. Any or all of our forward-looking statements in this report or in any other public statements we make may turn out to be wrong. We undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise.

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