Alternative Energy Partners, Inc.
OTC Bulletin Board : AEGYD

Alternative Energy Partners, Inc.
Xnergy, Inc.

Xnergy, Inc.

December 13, 2010 09:01 ET

Alternative Energy Partners' (AEGY) Xnergy Selected to Commission John Wayne Airport Central Plant Upgrade and Cogeneration Project; Project Nears Finish

MERRITT ISLAND, FLORIDA--(Marketwire - Dec. 13, 2010) - Alternative Energy Partners (OTCBB:AEGYD), is proud to announce that Xnergy, Inc., its engineering, construction, and alternative energy firm based in Southern California, was selected to commission the Plant Operation for the John Wayne Airport Quality Controls (QC) Cogeneration Plant. The Plant is part of a widely publicized $543 Million expansion project at John Wayne Airport ("JWA"). 

Xnergy has provided the Airport with the design and implementation of a QC (Quality Control) program for the extended cogeneration plant. Major equipment components consisting of four natural gas fired 1,250kw Cummings Generators, two 535 ton Broad absorption chillers, and three Carrier 750 ton water cooled centrifugal chillers were included. The QC program included installation verification, all construction, in addition to mechanical, electrical, and plumbing services. Xnergy's approach to the project allowed coordination between trades, installed exactly per design, and completed with the highest level of quality and performance. 

The $17M plant upgrade is on schedule to be completed by the end of this year. The plant upgrade is part of a major improvement to the existing Airport. In addition to the central plant, John Wayne Airport is adding a third passenger terminal, parking structure, and making improvements to the airport's two existing terminals.

Rob Ford, Director of Operations at Xnergy, says, "It was imperative that the Airport have a comprehensive program. The central plant will allow the new terminal to function properly and be a comfortable environment for the millions of travelers it receives annually. The cogeneration plant will enable JWA to self-generate much of their own power in a less expensive manner than purchasing from the grid."

Xnergy has extensive experience in cogeneration plant design. Benchmarcx, Xnergy's commissioning department, is a full service building commissioning provider for new, existing, and renovation projects serving Southern California. Through this department Xnergy provides start-up, commissioning and testing services for building electrical, mechanical, process piping, HVAC systems and building automation, fire life safety and process controls. 

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, also houses R.L.P. Mechanical Contractors, Inc., a Dallas-Fort Worth area contractor serving the medical industry. Alternative Energy Partners is publicly traded on the NASDAQ OTC Bulletin Board (OTCBB:AEGYD); however, as a result of the recently announced and approved 50:1 reverse stock split, AEGY's stock symbol has temporarily changed to 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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