Alternative Energy Partners (AEGY)

[flatrader]

Marketwire "Press Releases"

MERRITT ISLAND, FLORIDA -- (MARKET WIRE) -- 12/22/10 --
Alternative Energy Partners (OTCBB: AEGYD), a provider of comprehensive alternative energy solutions, announces that it has undertaken a corporate reorganization that will allow it to focus on fuel cell technology in the immediate future, while issuing a dividend to its shareholders.



Alternative Energy Partners' ("AEGY") plans for reorganization include the transfer of its Elan Energy, Inc. and Sunarias Corporation subsidiaries to another, as-yet-undisclosed publicly traded company, which will acquire the subsidiaries in a share exchange transaction.



As part of the reorganization, AEGY will acquire all of the outstanding shares of Renewable Energy and Water, Inc. ("REW"), a developer and systems integrator of renewable energy projects and water reclamation solutions including fuel cell technology, from Healthcare of Today, Inc. REW provides its customers with a dynamic and customized combination of technologies and processes including water treatment technologies, anaerobic digestion of waste to create energy and biogas, and fuel cell power plants. The company integrates commercially proven stationary fuel cell power plant technologies as key components of its renewable energy projects and water reclamation solutions. Fuel cells have emerged as a preferred technology to position large consumers of energy for independence from utilities and grid power. REW is currently undergoing the survey process and is under a letter of intent with a major drainage district in the Central Valley of California to develop a water remediation project there.



AEGY's new President and CEO Jason Davis says, "We continue to feel that Elan Energy will be highly successful, but it does not fit into our immediate strategy for AEGY. We plan to focus AEGY on developing alternative energy and energy efficiency projects such as fuel cells, water reclamation and solar PV, which is an ever-increasing and profitable market for us. Our HVAC holdings will now be concentrated within our Xnergy company through both organic growth and future acquisitions. We intend to brand Xnergy across the nation as our platform company for Energy Services, HVAC, engineering, and construction."



The spinoff will allow Elan to continue its growth unhampered while enabling AEGY's shareholders to now partake of two energy ventures rather than just one.



As part of the spin-off, the shares of the as-yet unidentified public company will be distributed to the shareholders of AEGY on a pro-rata basis.



The result of the transactions, which are expected before year end, will be four operating subsidiaries within AEGY: Shovon, LLC (http://www.shovon.com); Xnergy, Inc. (http://www.xnergy.com); REW (http://www.renergyandwater.com); and SkyNet Energy Systems, Inc. Once the transactions are closed, AEGY intends to proceed with the filing of its registration statement on Form S-1, as previously announced.



About Alternative Energy Partners, Inc.


AEGY is a portfolio of energy solutions businesses servicing organizations of all sizes. Its companies include: Xnergy (http://www.xnergy.com), Sunarias Corporation (http://www.sunarias.com), Shovon, LLC (http://www.shovon.com), and Skynet Energy Systems, Inc.Elan 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 will revert to its original symbol "AEGY" on December 23, 2010.



About Renewable Energy and Water (REW)


REW is a California-based developer and systems integrator of renewable energy projects and water reclamation solutions. To accommodate customers' needs, REW uses a dynamic combination of technologies and processes including water treatment technologies, anaerobic digestion of waste to create energy and biogas, and fuel cell power plants. A partial list of the benefits to clients of using REW services includes: efficiency (fuel Cells generate 25% more power and heat than a conventional generator); environmental friendliness (fuel cells avoid combusting methane, and anaerobic digestion reduces landfill gas emissions); as well as higher - and often faster -- ROI. California alone represents a billion dollar waste water market. As a result, the state has become highly oriented to the type of clean, renewable solutions that REW provides.



About Xnergy
Xnergy is an award-winning engineering, construction, and alternative energy market leader based in Southern California. 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 ever-changing sustainability and green-build movement. The company is a leader in the alternative energy field, and has over 80 MW of interconnect experience. The US Congress recently honored Xnergy for its work with clean, green technology. Xnergy is a member of the United States Green Build Council and is led by LEED Accredited professionals. For more information please visit http://www.Xnergy.com.



About Shovon, LLC
Shovon (http://www.shovon.com) offers cutting edge hardware technology to provide users with Web-based, Internet remote control capabilities for monitoring and controlling high power electrical devices. Shovon is in development with an industrial controller that would have direct application to the hospitality industry, allowing users to access and monitor facilities, viewing relevant events or statuses online, drilling down to the individual appliance level. Shovon's energy monitoring is enabled from anywhere in the world by using a PC or cell phone, and is designed to access multiple locations wirelessly, allowing for enhanced oversight of widespread operations.



About Skynet Energy Systems
Skynet Energy Systems provides Energy Service Agreements or Power Purchase Agreements (PPAs) to customers domestically and abroad. By offering long-term energy purchase plans, Skynet aims to ensure that organizations, corporations, governments and others have the energy they need when they need it.



Contacts:
Alternative Energy Partners, Inc.
Christina Bishar
(866) 963-2417

[doflop]

AEGY:Power Purchase Agreement (PPA)
AEGY's on-site energy utilities allow you to go solar and cut your energy costs at the same. You're helping the planet and your bottom line. That’s why choosing us makes so much sense.

They offer their fully managed, completely customized services under their unique Solar Power Purchase Agreement (PPA), which provides both affordability and predictable pricing for the long term.

With a Power Purchase Agreement from AEGY's Power Purchase Agreement, you can count on:

1) No Up-Front Costs

They finance everything from the engineering and design to acquisition of all materials and equipment to system installation and commissioning.

2) Lower Rates Guaranteed for up to 25 years

For the life of your agreement, you receive a guaranteed discount of at least 10 percent on your monthly energy bill compared to the rate charged by your local utility for the same amount of energy consumed.

3) No Maintenance or Repair bills

You pay nothing for system upkeep. Because they own the on-site utility and benefit from its efficient operation, they provide full-service maintenance and repairs, 24 hours a day, all year round. Talk about hassle free.

[flatrader]

Alternative Energy Partners (“AEGY”) understands that when you decide to use alternative energy solutions, you need them to be convenient, easily implemented and understood, and successful. Energy is what your business relies on, but you don’t have all day to understand it; we get that.

Our family of AEGY businesses is structured to offer you access to a wide range of the highest quality renewable and alternative energy solutions. Whether you’re looking for fuel cell energy, sustainable build solutions, energy management controls, or more, just ask us. The AEGY umbrella of businesses has you covered.

We know that clean energy is good business for you, and we can get you there easily with our customized systems, products, and services.

http://aegypartners.com/

[flatrader]

AEGY Services
Alternative Energy Partners offers solutions to help companies and organizations use energy wisely. We provide fully customized engineering, installation and management of on-site energy utility systems to fit your unique needs

•Green Building
•Solar Thermal Energy
•Energy Monitoring & Control
•Energy Service Agreements & Power Purchase Agreements (PPAs)
•Remote Energy Management
•Energy System Maintenance
•Commercial HVAC
•Preventative Maintenance
Our list of services is growing on a daily basis. To find out more, please contact us and an AEGY professional will contact you to discuss your needs and how we can help.

[sycoblonde]

Alternative Energy Partners (OTCBB: AEGY), a provider of comprehensive alternative energy solutions, announces that it has received a commitment for $8M in funding. The funding was arranged by Alternative Energy Partners' ("AEGY") parent company, Healthcare of Today, Inc., and will be used for working capital and acquisitions. Per the terms of the financing agreement, there will be no dilution to the shares of AEGY.
Last week, AEGY (www.AEGYPartners.com) announced that it planned to focus more closely on certain profitable opportunities within alternative energy and energy efficiency, including fuel cells, solar PV and water reclamation. As part of the corporate changes announced on December 22, AEGY will be acquiring the outstanding shares of Renewable Energy and Water ("REW") (www.renergyandwater.com), a developer and systems integrator of renewable energy projects based in Irvine, California. REW's use of fuel cell technology in its water reclamation solutions is in line with AEGY's strategy to expand its presence in that market. REW is currently surveying for a major drainage district project in California that has offered REW a Letter of Intent.
AEGY's family of businesses includes Xnergy, Inc. an award-winning engineering, construction, and alternative energy firm based in California. Xnergy offers a single source for project management, execution, and maintenance of energy and green-building projects to its clients. The company's work with clean, green technology was recently noted in an honor bestowed by the US Congress.
AEGY President and CEO Jason Davis says, "Our ability to expand AEGY's presence as a provider of high-demand alternative and renewable energy services will be accelerated in important ways by this additional funding. This boost to our operational budget will allow us to continue our successful course, the aim of which is to deliver consistent growth and profitability to our shareholders."
Once the transactions announced on December 22 have closed, which is anticipated before year's-end, AEGY intends to proceed with the filing of its Form S-1 registration statement while preparing to meet the listing requirements for the NASDAQ.
About Alternative Energy Partners, Inc.
AEGY is a portfolio of energy solutions businesses servicing organizations of all sizes. Its companies include: Xnergy (www.xnergy.com), Sunarias Corporation, (www.sunarias.com), Shovon, LLC (www.shovon.com), and Skynet Energy Systems, Inc. Elan 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: AEGY).