Alternative Energy Partners to acquire two HVAC targets from Élan Energy & Water

Alternative Energy Partners, Inc. (AEGY) entered into an acquisition agreement to purchase two unnamed commercial and residential HVAC installation, maintenance, and repair businesses from Élan Energy & Water, Inc. The targets will be transferred to AEGY's wholly-owned subsidiary, Élan Energy, Inc., for $500,000 in Series A Convertible Preferred Stock.

“This ACQUISITION AGREEMENT is entered into and made effective as of the 25th day of July, 2011 by and between Alternative Energy Partners, Inc, a Florida corporation ("AEGY" or “Buyer”) and Élan Energy & Water, Inc. (“Élan” or “Seller”).”

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