Alternative Energy Partners, Inc.
OTC Bulletin Board : AEGY

Alternative Energy Partners, Inc.

November 10, 2010 09:02 ET

Alternative Energy Partners, Inc. (AEGY): Xnergy to Engineer, Install and Commission PV System for Indian Health Council

Company Has Over 80MW In Alternative Energy Projects

MERRITT ISLAND, FLORIDA--(Marketwire - Nov. 10, 2010) - Alternative Energy Partners (OTCBB:AEGY), is proud to announce that Xnergy, the California-based Energy Services Company, construction and engineering firm, has been selected by the Indian Health Council to engineer, install and commission a ground mounted solar photovoltaic system ("PV system"). 

Earlier this week, Alternative Energy Partners ("AEGY") announced that it had completed the acquisition of Xnergy (www.xnergy.com), which specializes in providing complete turn-key energy conservation design-build and maintenance solutions for a number of high-profile industries. Drawing from over 20 years of construction experience, Xnergy provides a single source for project management, execution, and maintenance of energy and green-building projects, and is at the forefront of the sustainability and green-build movement.

Subsequent to that announcement, D. Jason Davis, President and CEO of Xnergy, has been appointed to the posts of President and CEO of AEGY; Xnergy Vice President and COO Joseph Patalano will serve as Executive Vice President and COO of AEGY. The duo co-founded Xnergy in 2001, leading the organization to grow as well as win a number of prestigious awards including the "Excellence in Construction" award from the Associated Builders & Contractors (www.abc.org).

The PV system for the Indian Health Council is the latest addition to Xnergy's portfolio of over 80 MW of alternative energy projects. 

Joey Patalano, VP of Xnergy, says, "Xnergy is honored to be selected by the Indian Health Council to help achieve their vision of sustainability, clean energy generation, and effective spending, by installing a solar-efficient system. This collaboration validates Xnergy's efforts to grow the quality of our presence in the solar voltaic market, and we look forward to supporting IHC's commitment to the community as we do so."

The system Xnergy is providing is grid-connected, utilizing 200 Siliken 230 watt modules, a Zilla Racking system, and Sunny Tower inverters. The system will produce approximately 76,596 kWh annually and will save the customer thousands of dollars per year. IHC's reduction of gas emission is equivalent to 10.5 passenger cars annually. In addition to energy savings, all major components to the system are manufactured in the U.S.A in effort to bring jobs and revenue to American companies. 

Indian Health Council, Inc. (www.indianhealth.com) is a consortium of nine tribes dedicated to the continual betterment of Indian Health, wholeness, and well-being. It provides a full spectrum of on-site and outreach services and programs to several North San Diego County reservations. The project is scheduled for completion later this year.

About Alternative Energy Partners, Inc.

Alternative Energy Partners ("AEGY") is focused on sourcing, marketing and distributing renewable alternative energy solutions. AEGY is a family of businesses including: 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, another wholly-owned subsidiary of AEGY, has acquired R.L.P. Mechanical Contractors, 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 publically traded on the NASDAQ OTC (OTCBB:AEGY). For more information 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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