Alternative Energy Partners, Inc.
OTC Bulletin Board : AEGYD

Alternative Energy Partners, Inc.

December 08, 2010 15:52 ET

Retransmission/Alternative Energy Partners, Inc.: Xnergy Awarded Preventive Maintenance Contract by Phage Pharmaceuticals

MERRITT ISLAND, FLORIDA--(Marketwire - Dec. 8, 2010) - Alternative Energy Partners (OTCBB:AEGYD), is proud to announce that Xnergy, Inc., an engineering, construction, and alternative energy market leader, has been contracted by Phage Pharmaceuticals, Inc. ("Phage") to provide preventive maintenance service for their facility in San Diego.

Phage is a clinical-stage specialty biopharmaceutical company that produces therapeutic proteins using a proprietary manufacturing process in its own cGMP manufacturing facility. In order to preserve the facility for optimum performance, Xnergy will do HVAC preventive and predictive service, condenser coil cleaning, high purity system water maintenance, as well as building management controls maintenance and monitoringThe maintenance agreement encompasses all equipment serving Phage's facility, including critical production areas.

Xnergy's commissioning department, Benchmarcx, has previously worked with Phage to re-commission clean rooms at their facility. In that project, Benchmarcx provided air and water system re-start and verification as well as air system balance and testing.

In addition to the pharmaceutical industry, Xnergy services a number of other high-tech industries, and specializes in providing a broad range of comprehensive energy solutions, including the design and implementation of energy-saving projects.

"We're always excited to assist a new or existing customer in implementing an intelligent, comprehensive and thorough preventive maintenance program. What makes the Phage project special is that the opportunity arose from exceptional service we previously provided. Xnergy's goal is not only to provide quality service but also to build, earn, and maintain long-lasting, solid client relationships," states Joey Patalano, VP of Xnergy.

About Xnergy

Xnergy is an award-winning engineering, construction, and alternative energy market leader. They have been rated the #1 Alternative Energy Provider by the San Diego Business Journal, and have extensive experience with construction of Biotech, Medical Device, Semi-Conductor, High Tech Manufacturing and other Critical Care Facilities. Their Abbott Vascular Site Expansion project was awarded the best project of 2007 by the Association of Builders and Contractors in the $10-$99M category, and the recently completed Encinitas City Hall Energy Retro-Fit won the 2008 SANDEE award for energy excellence. Xnergy 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's goal is to offer a full portfolio of high-performance energy solutions for homes and businesses of all sizes. 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. 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 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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