ASC issues statement regarding Alternative Energy Partners, Inc.

CALGARY, Feb. 28, 2014 /CNW/ - The Alberta Securities Commission (ASC) is issuing the following statement regarding Alternative Energy Partners, Inc. in response to a number of inquiries from investors.

In a Form 8-K filed by Alternative Energy Partners, Inc. with the Securities Exchange Commission (SEC) on February 10, 2014, Alternative Energy Partners Inc. made certain statements about the ASC which, in the ASC's view, were materially misleading.

The Form 8-K stated that Alternative Energy Partners, Inc.:

• contacted the ASC by letter dated January 16, 2014, and that, "no response has been received from the Alberta Securities Commission."
  
  
• "will continue to attempt to remove the "cease trade order" imposed against it by the Alberta Securities Commission."

To date, the ASC has not been contacted by or received any correspondence from Alternative Energy Partners, Inc. concerning the cease trade order imposed by the ASC on January 15, 2014 or for any matter since that date. The ASC has made multiple attempts to communicate with Alternative Energy Partners, Inc. regarding the cease trade order based on the contact information provided on OTCMarkets.com and their SEC filings. However, our email message and courier package were returned undelivered due to invalid addresses and our telephone message has not been returned.

The cease trade order continues to remain in effect. A copy of the cease trade order is available on the ASC website at www.albertasecurities.com.

The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted to foster a fair and efficient capital market in Alberta and to protect investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

SOURCE: Alberta Securities Commission

For Media Inquiries:

Mark Dickey
Senior Communications Advisor
403.297.4481

For Investor Inquiries:

ASC Public Inquiries
Toll Free 1.877.355.4488