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flatrader
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Alernative 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") 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( 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 additiona 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). FORWARD LOOKING STATEMENT 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 Contacts: Altern 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 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, 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 Contacts: Altern Public Reply
Posts: 195 | From: Florida | Registered: Feb 2010  |  IP: Logged | Report this post to a Moderator
BooDog
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Hey there flatrader. I was just checking this one out a bit. Check this out and tell me what i'm missing...

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: As of December 20, 2010, there were 10,440,637 shares of our common stock outstanding.

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Stockholders’ Equity (Deficit)
Common Stock, $0.0001 par value, 10,000,000 shares authorized 7,840,636 and 5,568,416 shares issued and outstanding


http://www.sec.gov/Archives/edgar/data/1446896/000137413510000035/form10q.htm

TIA and
good luck.

Posts: 7754 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
BooDog
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never mind, i see it.

Subsequent to the quarter ended October 31, 2010, we have issued or agreed to issue 2,000,000 shares of common stock and 5,000,000 shares of preferred stock for acquisitions and 600,000 shares of common stock for services at a registration price of $1.77 per share. Issuance of a portion of the acquisition shares will be deferred until the Articles of Incorporation of the Company have been amended to increase the number of common shares authorized and to authorize the issuance of the preferred shares.

kinda cutting themselves short imo. everytime they go to increase the AS in my opinion would shy some people away. Whay not just put the AS where they think it should be for a year or so to give themselves some slack?

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7754 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
BooDog
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I've been seeing a lot use the temporary D too.
13:21 11/24/2010 AEGY Alternative Energy Partners Inc. Common Stock AEGYD Alternative Energy Partners Inc. NEW Common Stock 1-50 R/S **
my guess is that they continue the cycle of issuing untill they rs again. But still looking into it a bit more. And no, haven't even looked at the company itself yet, this is just one of the things that throw red flags at me first.

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7754 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
   

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