Next Alternative, Inc.

Next Alternative, Inc.

July 19, 2011 15:25 ET

Next Alternative to Report Substantial Net Profits

OTTAWA, ONTARIO--(Marketwire - July 19, 2011) - Robert Ireland, CEO of Next Alternative, Inc. (XETRA:N4H), is pleased to announce that the firm will be releasing financial statements within the next few days.

Next Alternative (NAI) has been going through an audit and is expected to release its findings shortly. According to the internal prepared report, the 2010 year end for NAI shows gross sales of $7.8 Million with net profits of $2.1 Million before taxes. These are very positive numbers that range within previously forecasted estimates and which reflect the tremendous success that Next Alternative has enjoyed in a short period of time. This is a rare accomplishment for a relatively new company.

Next Alternative has steadily increased its product offerings and broadened its reach within the alternative energy arena, as well as within peripheral industries that are reliant on or affected by fuel use and consumption. NAI has continually provided companies, facilities and other entities with viable alternative solutions that cost less to manufacture and that comply with EPA requirements. This year, the company remains on trend to produce sales and profits that will be double those of 2010.

According to Mr. Ireland, "We are very proud to report our gross sales and profits for 2010 are most impressive." He stated further, "At NAI, our goal is to stay true to our commitment of remaining in the black. That way we can ensure that our investors and partners continue to gain from their support and the company continues to operate smoothly with full leverage and flexibility."

Next Alternative Inc. is a break-through company paving the way in the global effort to discover alternative means of energy. Understanding the need to reduce the demand for fossil fuels, Next Alternative is pioneering new methods that provide eco-friendly solutions. Poised on the cutting-edge of new green technologies, Next Alternative strives to develop and offer products that meet the challenges of our new economy. Next Alternative stands as an innovator - bringing existing technologies together and melding them to meet future demand.

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