Alternative Energy Sources Receives Air Permit, Major Site-Development Milestone in Kankakee, Ill.


KANSAS CITY, Mo., July 2, 2007 (PRIME NEWSWIRE) -- Kansas City-based Alternative Energy Sources Inc. (OTCBB:AENS) today announced that the Illinois Environmental Protection Agency on June 29 approved an operational air permit for the company's proposed 110-million-gallon ethanol plant in Kankakee.

"This major milestone in moving forward our construction plans results from tremendous collaboration among the mayor's office and city and county officials, plus outstanding assistance from state senators and representatives," said AENS's CEO Mark Beemer.

Six months ago the Kankakee County Board approved an $850,000 grant for Kankakee Regional Industrial Park road improvements. The Illinois Finance Authority has also issued an inducement letter for $47 million in tax-exempt, solid-waste bonds to finance pollution-control facilities and equipment.

Earlier in June AENS received an air permit for its proposed 110-million-gallon plant in Ogden, Iowa.

AENS (www.aensi.com) is developing "greenfield" sites, including constructing, owning and operating fuel-grade ethanol plants.

The Alternative Energy Sources Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2961

Forward-Looking Statements: This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, These statements are based on management's expectations, estimates, projections and assumptions. You can identify these statements by the fact that they do not relate strictly to historic or current facts. They use words such as "will," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "target," "forecast" and similar words in connection with any discussion of future operating or financial performance. Forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed including, but not limited to, our inability to secure or generate sufficient operating cash flow to adequately maintain our generating facilities and service our debt, commodity pricing, intense competition for undervalued generating assets, environmental risks and general economic conditions and other financial, operational and legal risks and uncertainties detailed from time to time in the Company's SEC filings. Any forward-looking statements speak only as of the date of this release. We assume no obligation to update any forward-looking statements to reflect any event or circumstance that may arise after the release date.


            

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