Alternative Energy Partners, Inc. (AEGY) Announces New Acquisition Agreement

MERRITT ISLAND, FLORIDA--(Marketwire - May 30, 2012) - Alternative Energy Partners, Inc. (OTCBB:AEGY) announced today that it has acquired Clarrix Energy, LLC, a Florida limited liability company, in exchange for 40 million shares of common stock and 5 million shares of convertible preferred stock. The preferred stock issued in the transaction carries 51 percent of the shareholder vote and will be convertible at any time after one year at the discretion of the holder into 51 percent of the resultin...continued AEGY

URL: http://www.investorpoint.com/news/OTCBULLB/51662750/