Announcing a $650,000 Utility Agreement With Flex-O-Tex, Inc. and the Alliance of Americas Power Partners and Armstrong Service.

Business Editors

HINSDALE, Ill.--(BUSINESS WIRE)--July 10, 2000

Americas Power Partners, Inc. (OTCBB:APPN) and Armstrong Service, Inc. (ASI) announced today that they have signed a multi-year contract with FLEX-O-TEX, Inc., of Bronx, NY, to optimize, service and improve the company's cogeneration plant and utility systems. The contract is valued in excess of $650,000.

Under the terms of the new agreement:

--  APP/ASI will provide turnkey engineering and construction services
    at FLEX-O-TEX to implement major improvements to the company's
    cogeneration plant and utility systems.

--  APP/ASI will perform sustaining engineering services for the full
    term of the contract, including the testing and maintenance of
    FLEX-O-TEX's steam trap population.

--  APP/ASI will aggressively pursue all future utility improvement
    opportunities and share savings benefits with FLEX-O-TEX.

Thomas Smith, President of Americas Power Partners, stated: "This agreement is another example of how the alliance of Americas Power Partners and Armstrong Service offers clients such as FLEX-O-TEX the ability to upgrade and improve both their utility production and distribution systems to 'best in class performance levels' without a capital investment. APPN/ASI is committed to efficient supply, production, and distribution of utilities services for FLEX-O-TEX and will pursue all other energy improvement opportunities throughout the contract term."

Gabriel Blau, Owner of FLEX-O-TEX, stated: "This agreement represents a considerable savings to FLEX-O-TEX by providing the support and single point of contact required to achieve optimized performance from our cogeneration plant and utility infrastructure."

About Americas Power Partners, Inc.

Americas Power Partners Inc. (APP) was formed to develop, optimize, own and operate power plant systems (steam, electric, compressed air, water and wastewater) for industrial, institutional and commercial clients. APP has strategic alliances with industry leaders in the areas of power plant optimization, water and wastewater management, operations and maintenance, fuel supply and electric power marketing. APP's management team has extensive industry experience in power development and financing of power plant systems. Additional information on APP can be found on their web site www.americaspowerpartners.com.

About Armstrong Service

Armstrong International, Inc. (AII), founded in 1900, is a privately held U.S. multinational manufacturer of steam and fluid system products and a global provider of steam optimization services. Armstrong Service, Inc. (ASI), a wholly owned subsidiary of AII, expands on its century of steam process expertise by providing energy management services ranging from asset purchase/lease arrangements to engineering analysis and turn-key installations. ASI offers "total" energy system design, management, operations, maintenance, and training. This unique combination of technology, products and services creates an integrated energy management approach that ensures maximum energy efficiency and productivity for clients, while minimizing costs, pollution and risk. ASI personnel have extensive experience in energy management, project management and construction for process, governmental, commercial and institutional markets. Additional information on Armstrong can be found on their web site www.armstrong-intl.com.

The Private Securities Litigation Reform Act of 1995 provides a "safe-harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contains statements that are forward-looking, such as statements relating to plans for future expansion. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include, but are not limited to, completion of definitive purchase agreements, ability to obtain needed capital, those relating to development activities, dependence on existing management, leverage and debt service, domestic or global economic conditions, and changes in customer preferences and attitudes. For more information, review the Company's filings with the Securities and Exchange Commission.