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Alternative Energy Partners, Inc has announced that it has signed a definitive agreement to acquire energy management company Shovon, LLC .Alternative Energy Partners is focused on sourcing, marketing and distributing renewable alternative energy solutions, including on-site solar thermal energy production.

Shovon has developed Web Enabled Internet ready Remote Access Relay Modules and a home energy management controller using Smart Labs INSTEON technology. The company’s products enable remote monitoring and control, via PC or cell phone, of high-power electrical devices in commercial offices, industrial plants, hospitals, schools and residences from anywhere in the world. Shovon’s technology allows optimized, controlled energy consumption down to the appliance level, resulting in reduced costs for property owners and managers.

CEO of Shovon Mr. Jules Karim says, “The price of energy is often beyond the control of the consumer, but they can control and monitor how efficiently it is being used. Shovon’s system is designed to help consumers better manage their energy usage and thereby lower energy expenditures. We look forward to joining AEGY and contributing to their effort to provide consumers with more efficient, cost-effective energy alternatives.”

With the acquisition of Shovon, Alternative Energy Partners advances a further step towards its goal of offering a full portfolio of high-performance clean-energy production solutions for commercial offices, industrial plants, hospitals, schools, homes and more. The AEGY portfolio currently includes Sunarias(TM), an on-site producer of solar thermal energy. Shovon’s strategy and growth is overseen by a highly experienced and diversified leadership. Its executive team includes Gary DeMel, a 30 year veteran of the high-tech industry including ATI Technologies/AMD and Intel(R), where he was Senior VP Worldwide Sales.

Alternative Energy Partners CEO Gary Reed says, “The addition of Shovon to Alternative Energy Partners’ portfolio allows us to add important new dimensions to our offerings. For example, the sophisticated control systems that set Sunarias apart from competitors can be enhanced using the outstanding products Shovon offers. Shovon’s executives’ have expertise and insight into the energy controls market that will inform our innovations and efforts to offer our target consumers the most compelling energy options, inclusive of full command of energy use and a flexibility the market hasn’t offered them before.”

About Alternative Energy Partners, Inc.

Alternative Energy Partners, Inc. (“AEGY”), founded in 2008, is focused on sourcing, marketing and distributing renewable alternative energy products. Alternative Energy Partners offers innovative, high-performance systems and services that reduce energy costs and provide superior work and living environments for clients and consumers. Recently, Alternative Energy Partners acquired Sunarias(TM), an on-site producer of solar thermal energy. Sunarias’ energy-efficient products allow businesses, organizations and individuals to not only satisfy government energy reduction mandates, but also hedge against rising utility costs. Currently based in Fort Lauderdale, Florida, Alternative Energy Partners is publically traded on the over-the-counter bulletin boards (OTCBB) under the symbol AEGY

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