Alternate Energy Corp. Announces Strategic Marketing And Manufacturing Agreement With Velocity Product Solutions Inc.Energy Editors/Business Editors LAS VEGAS--(BUSINESS WIRE)--Oct. 20, 2003 Alternate Energy Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ARGY) announced today that an agreement has been signed with Velocity Product Solutions Inc. to assist the firm in the coming months with the strategic marketing, communications, production planning Production planning The function of a manufacturing enterprise responsible for the efficient planning, scheduling, and coordination of all production activities. and sales for its affordable, on-demand hydrogen technology. Velocity brings to AEC AEC US Atomic Energy Commission Noun 1. AEC - a former executive agency (from 1946 to 1974) that was responsible for research into atomic energy and its peacetime uses in the United States Atomic Energy Commission over 40 years' experience in the development and management of strategic, innovative marketing and manufacturing initiatives with a variety of notable organizations. Velocity has a strong background working with large international and new technology companies, in both commercial and consumer sectors. Partners Lyle Goodis and Corbee Dutchburn (M.Ch.E. C.E.T.) have solid, hands-on knowledge and senior executive experience with leading manufacturing and marketing organizations throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . They have driven numerous products in highly competitive markets from development, manufacturing and launch stages to sales success. "Velocity's role will focus on orchestrating and executing a cost-effective, multi-tiered marketing and communications program Software that manages the transmission of data between computers, typically via modem and the serial port. Such programs were very popular for connecting to BBSs before the Internet took off. , that will integrate with the valuable business development efforts of Bill Varian (Colonel, Retired - U.S. Army) in the B2G (Business to Government) Refers to commercial enterprises selling to government agencies. See B2B. (Government & Military) field, and the expanding production and operations areas of AEC," says Goodis. Together with Varian at a recent full demonstration of AEC's on-demand hydrogen production Hydrogen production is commonly completed from hydrocarbon fossil fuels via a chemical path. Hydrogen may also be extracted from water via biological production in an algae bioreactor, or using electricity (by electrolysis) or heat (by thermolysis); these methods are presently not capability, Dutchburn and Goodis were convinced of the immense business potential, multiple applications and real marketability of this new technology. "With Velocity on-board, we now have more horsepower to effectively introduce our new hydrogen technology to the many organizations and prospective joint venture partners now examining new fuel alternatives," stated Blaine Froats, Chairman & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AEC. "We're excited to have Velocity on our team, as their knowledge, drive and track-record will expedite the launch of our technology to AEC's many markets." About Alternate Energy Corporation (AEC): Founded in March of 2000, AEC is a leading developer of cost-effective, environmentally responsive fuels and electric power solutions. The company's mission is to contribute to an environmentally sound, alternative energy future. The company is the patent holder of power recovery and fuel-cell-quality hydrogen production technologies for residential, commercial and industrial use. Statements herein express management's beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, the ability to negotiate outstanding prior debts of acquired companies; properly identify acquisition partners; adequately perform due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. ; manage and integrate acquired businesses; react to quarterly fluctuations in results; raise working capital and secure other financing; respond to competition and rapidly changing technology; deal with market and stock price fluctuations; and other risks. These risks are and will be detailed, from time to time, in ARGY's Securities and Exchange Commission filings, including Form 10-KSB 10-QSB and 8-K. Actual results may differ materially from management's expectations. |
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