AEC Assets Acquired by COi Have an Application Value of Over $800 Million.

Energy Editors/Business Editors/High-Tech Writers

LAS VEGAS--(BUSINESS WIRE)--March 4, 2003

Mr. Robert Jones, Chairman of COi Solutions, Inc., (OTC BB:COII), is pleased to announce that application of the AEC assets that were acquired by COi through signing an asset purchase agreement with AEC on Thursday, February 20, 2003, has been valued at over USD $800 Million.

"Many of our investors have inquired about the nature and the value of the AEC assets recently acquired by COi", said Mr. Jones. "These assets include patents and technologies for a more efficient method of converting waste heat to usable power in fossil fuel plants." Mr. Jones continued, "These technologies can be used to significantly increase power generation output by hydro plants and large industrial operations." Mr. Blaine Froats, Chairman of AEC stated, "A third party consultant, The Bentley Group (Schenectady, NY), who specialize in valuation of business opportunities provided an opinion in September 2001, that the conservative value of applying these technologies in the North American market was approximately US $841 Million."

Additional announcements regarding the business plans and operations of AEC will be forthcoming.

About Alternate Energy Corporation (AEC)

Founded in March 2000, AEC owns patented technologies that enable electric utility companies and large multi-national industrial companies (petroleum, chemical, mining, steel, pulp and paper, manufacturing, etc.) to increase their power output by up to 50 % with an estimated 33.3 % decrease in cost. This is accomplished without increasing the amount of fossil fuel that is used, which provides two additional benefits: less dependency on imported fossil fuels and lower fossil fuel pollution levels. Both the cost and availability of fuel, and protecting the global environment are currently two of the highest profile issues on North American agendas.

AEC's patented technologies provide this increased power through reclaiming heat energy that is typically lost to the environment when producing electric power and also through reducing the cost and complexity of the equipment required in typical utility operations. AEC technologies can enable the North American Electric Utility industry to produce more power and grow its annual revenues to an estimated $1.5 trillion annually without changing the industry's current level of operating costs. AEC plans to collect a percentage of the new revenues generated by these utilities.

The transaction is subject to certain terms and conditions, including due diligence and approvals.

This release contains forward-looking statements. Forward-looking statements involve the known and unknown risks and uncertainties, which may cause the company's actual results in future periods to differ materially from what is anticipated. Such statements include such words as expect and anticipate.