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Gold/Mining/Energy : Atlantic Energy Solutions

AESO 0.00600

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Oct 31 9:30 AM EST

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From: ThinkingBig	10/16/2008 1:52:57 PM
	of 20

$18 million Energy Efficiency Partnership Project Awarded to Atlantic Energy Solutions Thursday October 16, 9:17 am ET SARATOGA SPRINGS, N.Y.--(BUSINESS WIRE)--Atlantic Energy Solutions, Inc. (OTC:AESO - News) is announcing they have signed a contract with an Energy Corporation to provide a Northern New Jersey Township and School District to begin an energy efficiency project that is worth over $18 million. The project includes a partnership to develop and maintain a one megawatt co-generation plant, as well as to put into operation a 700 watt solar plant which will produce electricity for 8 large municipal buildings in the town. This project is expected to get underway next month and will be the first of its kind in the State of New Jersey. Furthermore, it will be one of the largest revenue generating projects to date for Atlantic Energy Solutions. Timothy Brock, CEO of Atlantic Energy Solutions, said, “We are thrilled to be in this position to be pioneers in New Jersey with this particular type of energy efficiency project. We hope to blaze the trail in the state for the further development of similar types of projects in the future. We expect that this unique partnership will propel Atlantic Energy Solutions closer to the top of our sector.” Mr. Brock further commented, “The timing of this partnership is good news for our shareholders as it will ensure a strong surge in the company’s growth near the end of the year and will certainly boost our revenue expectations for 2009.”

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