AETE Cease and Desist Directive and Unauthorized Activities.THE WOODLANDS, Texas -- The Alternative Energy Technology Center, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :AETE AETE Aerospace Engineering Test Establishment (Canada) AETE Aquatic Effects Technology Evaluation (MMS Canada) AETE Apple Event Terminology Extension ) advises that Jonathan Gilchrist and related companies have been issued a "cease and desist Cease and desist (also called C & D) is a legal term used primarily in the United States which essentially means "to halt" or "to end" an action ("cease") and to refrain from doing it again in the future ("desist"). " directive relative to conducting business on behalf of The Alternative Energy Technology Center, Inc. AETE announces further change within the organization with the termination of Corporate Secretary, William Carmichael William Carmichael (died 1795) was an American lawyer, statesman, and diplomat from Maryland. He represented Maryland in the Continental Congress in 1778 and 1779 and was the principal diplomat for the United States to Spain from 1782 to 1794. and VP Business Development, David Mordekhay. The Company also wants to comment on reports that individual investors have received unsolicited spam e-mails promoting AETE stock. Activity of this type, conducted by any individual, group or entity, has been without the knowledge or consent of AETE Management. Any compensation associated with this activity was not authorized nor paid for by the Company. AETE and its Management sincerely regrets if any of the investing public has been inconvenienced or misled by any information promulgated prom·ul·gate tr.v. prom·ul·gat·ed, prom·ul·gat·ing, prom·ul·gates 1. To make known (a decree, for example) by public declaration; announce officially. See Synonyms at announce. 2. by these spam e-mails. Complaints have been filed with the appropriate regulatory agencies to insure that the sites and emanating activities are dealt with in the appropriate manner. The Company also discloses that it has been notified by McElravy, Kinchen & Associates, P.C. that the previously announced audit engagement commitment is being withdrawn, prior to the commencement of any work on behalf of AETE. The Company: The Alternative Energy Technology Center, Inc. (OTC:AETE), based in The Woodlands, TX , is a technology company focused on biofuels and alternative energy technologies. It is developing the first true biorefinery in the U.S. It will focus on technologies using renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. inputs from non-food energy sources and on technologies that can be scaled up to efficiently address the post-petroleum energy needs of the United States. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof. |
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