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Tue, June 15, 2010

Alternative Energy Partners (AEGY) Launches Solar Thermal Energy Program Targeting Healthcare


Published on 2010-06-15 06:00:23 - Market Wire
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FORT LAUDERDALE, FLORIDA--(Marketwire - June 15, 2010) - [ Alternative Energy Partners, Inc. ] (OTCBB:AEGY) is pleased to announce that [ Sunarias Corporation ], its wholly owned, on-site clean energy producer, will implement a pilot solar thermal energy program. Promise Hospital of East Los Angeles has been selected as the primary site for the alternative energy pilot program.

Sunarias is a leading provider of on-site utilities that generate clean solar thermal energy to power a building's heating and cooling needs. This pilot is the first installation under the Sunarias Healthcare Alternative Energy Program, a comprehensive new sales and marketing program targeting the healthcare sector.

Promise Hospital is a specialized Long Term Acute Care ("LTAC") facility and one of the largest freestanding specialty hospitals in the country. "This program from Sunarias is very timely as we are looking for energy solutions that not only reduce our carbon footprint but also lower our operating overhead. We are very excited to participate in the pilot program," said Mr. Richard Luna, CEO of Promise Hospital.

For the pilot program, Sunarias covers all of the capital costs associated with implementing a turn-key heating and cooling energy solution, and guarantees Promise Hospital a 10% minimum reduction in its utility costs for the same power consumption. Sunarias solar thermal energy systems are located on the property site. The systems are owned, operated and optimized for maximum efficiency by Sunarias, which also handles all service, maintenance and repair.

Sunarias' Healthcare Alternative Energy Program was created to demonstrate the ease of applying solar thermal energy production technology to the healthcare sector. It offers a 100% turn-key, green-energy solution that will immediately reduce operating costs for hospitals, nursing homes and long-term-care facilities across the United States.

Sunarias' introduction of its clean energy technology is particularly timely given the appearance of legislation such as CA AB-32, which encourages reduced power usage.

A study released by the American Society for Healthcare Engineering reports that healthcare executives place a higher priority on energy efficiency than executives in other industries. Implementing alternative energy systems, such as those provided by Sunarias, may not only curb costs but also offer long-term financial benefits for hospitals. The US Department of Energy states that, "…energy-efficiency improvements can contribute to a hospital's financial security by tempering future cost increases and becoming 'revenue generators'."

Mr. Gary Reed, Alternative Energy Partners CEO, said "Hospitals are the cornerstones of our communities. Through our Healthcare Alternative Energy Program, Sunarias can demonstrate not only the significant cost savings available to those hospitals, but also help them contribute to their surrounding communities through reduced energy usage. We are very pleased to initiate this important pilot program. This is a very strategic move and growth opportunity for the company and its valued shareholders."

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 that allows businesses to reduce energy costs. AEGY recently announced that it will acquire Shovon, LLC ([ www.shovon.com ]), which enables remote monitoring and control, via PC or cell phone, of high-power electrical devices from anywhere in the world. AEGY's goal is to offer a full portfolio of high-performance clean-energy production solutions for homes and businesses of all sizes. Alternative Energy Partners is publically traded on the NASDAQ OTC (OTCBB) under the symbol 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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