Alternative Energy Partners, Inc.
OTC Bulletin Board : AEGY

Alternative Energy Partners, Inc.

October 01, 2010 15:30 ET

RLP Mechanical Contractors To Join Alternative Energy Partners (AEGY)

MERRITT ISLAND, FLORIDA--(Marketwire - Oct. 1, 2010) - Alternative Energy Partners, Inc. (OTCBB:AEGY), a provider of comprehensive alternative energy solutions, today announces that it has agreed acquire RLP Mechanical Contractors, Inc. ("RLP"), a Texas corporation. 

Based in Waxahachie, Texas, RLP specializes in the installation and maintenance of commercial and hospital air systems, medical gas, air handling, and plumbing & piping systems, in the Dallas-Fort Worth metropolitan area. The company builds energy saving mechanical projects in universities, hospitals and for the State of Texas, further specializing in air conditioning and medical gas systems for hospitals. The company's gross revenues reported in 2009 were in excess of $5.7 Million.

This transaction will expand the reach of AEGY geographically and provide an additional platform for its other alternative energy technologies. RLP will become the first of several planned operating subsidiaries of AEGY's recently formed integration company, Élan Energy, Inc.

RLP Mechanical Vice President Blaine Parker says, "RLP is a strong company in our marketplace. To continue to be a business leader, we recognize the importance of strengthening that hold. The dynamic combination of our [RLP's] existing customer base and the access to AEGY's great pool of resources will poise us for rapid expansion in the DFW area. We look forward to this growth and to our future as part of AEGY."

Alternative Energy Partners' ("AEGY") portfolio of businesses includes Sunarias Corp. (www.sunarias.com), a solar thermal energy provider and Shovon, LLC (www.shovon.com), a provider of Web-based, internet remote control capabilities for monitoring and controlling high power electrical devices in commercial offices, industrial plants, hospitals, schools and residences from anywhere in the world. The addition of RLP not only brings a successful energy-related firm into the AEGY family of businesses, it provides AEGY an opportunity to leverage RLP's existing book of business into new opportunities for Sunarias to install solar thermal systems on commercial sites and for Shovon to provide monitoring and control systems.

Alternative Energy Partners CEO Gary Reed says, "RLP is one of a planned series of strategic acquisitions, each targeted to broaden AEGY's abilities in the marketplace. To best increase value for our shareholders and valued customers, we intend to achieve the broadest reach we can with our energy offerings. This Agreement with RLP is a confident step we are taking to reach the next level of our business plan."

About Alternative Energy Partners, Inc.

Alternative Energy Partners ("AEGY") is focused on sourcing, marketing and distributing renewable alternative energy solutions. Through its wholly owned subsidiary, Sunarias™ Corporation (www.sunarias.com), AEGY provides on-site solar-thermal energy systems that allow businesses to reduce energy costs. It also holds Shovon, LLC (www.shovon.com), provider of remote control energy managements. AEGY recently announced that through a third subsidiary, Skynet Energy Systems, Inc., it is poised to enter the European alternative energy market. 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 supplements filed with the SEC pursuant to Section 13(a), 13(c) or 14 of 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. Thus, 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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