New OTC Bulletin Board Listing: Alternative Energy Partners
July 14, 2009 (FinancialWire) — Alternative fuels company, Alternative Energy Partners, Inc. (OTCBB: AEGY) was officially listed to the Over-the-Counter Bulletin Board today as an NSCC (National Securities Clearing Corporation) eligible security, trading in units of 100.
From Alternative Energy Partners’ June 19, 2009, Form 10-Q Filing (Quarterly Report):
“We are a development stage company which plans to enter into the business of sourcing, marketing and distribution of renewable biofuels. Initially we intend to work to source raw materials needed for the domestic manufacture of ethanol in South Florida. We have entered into a Letter of Intent with Cane Fuel, Inc., whereby we intend to enter into agreements to provide sufficient quantities of ethanol feedstock derived from sources other than corn. Such agreements are intended to be joint venture agreements whereby we can work to provide feedstock for ethanol production and participate in the distribution of the blended product. Cane Fuel, Inc. is in the process of obtaining 40,000 acres for its first plant in Hendry County, Florida, known for its sugar, citrus and other crops. The proposed plant would have production capability of 50 million gallons of ethanol annually. The ethanol expected to be produced is intended to be used by refineries or blenders and ultimately blended with gasoline for internal combustion engines. We intend to work with sugar cane, sweet sorghum and other available sources of cellulosic materials to produce ethanol.”
Alternative Energy Partners complete 10-Q is directly accessible at the OTCBB web site (http://www.otcbb.com/asp/Info_Center.asp).
The OTCBB provides access to more than 3,300 securities. The OTC Bulletin Board (OTCBB) is a regulated quotation service that displays real-time quotes, last-sale prices, and volume information in over-the-counter (OTC) equity securities. An OTC equity security generally is any equity that is not listed or traded on NASDAQ or a national securities exchange. OTCBB securities include national, regional, and foreign equity issues, warrants, units, American Depositary Receipts (ADRs), and Direct Participation Programs (DPPs).
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