COi Solutions, Inc. Finalizes Acquisition Agreement With Alternate Energy Corp. - AEC.

Business Editors

LAS VEGAS--(BUSINESS WIRE)--Feb. 21, 2003

Mr. Robert Jones, Chairman of COi Solutions, Inc., (OTCBB:COII), is pleased to announce that COi and AEC signed an asset purchase agreement on Thursday, February 20, 2003.

"This move will allow us to address our outstanding creditors, and more importantly deliver new value to our faithful shareholders," said Mr. Jones. Mr. Blaine Froats, Chairman of AEC stated, "This agreement paves the way for AEC to become a fully reporting public company to raise the funds necessary to leverage its patented technology into value for its prospective customers and its existing and new shareholders." Mr. Froats added, "After extensive consultation between company executives and legal counsel for both AEC and COi, and the SEC, I am satisfied that the SEC actions filed against COi have been appropriately addressed."

As founder of AEC and Environmental Products Group, Mr. Froats is a Certified Financial Analyst (CFA) with experience in such notable companies as Midland Walwyn and Royal Trust. He has also served as the CEO of several mid-sized US and Canadian public companies. Mr. Froats is also the inventor and patent holder of technologies that are used in the process of plastic reclamation. These technologies have assisted companies in lowering their product costs and better serving the goal of protecting the environment.

Today's announcement concludes the agreement signed on Wednesday, November 20, 2002, where COi Solutions, Inc. announced that it had signed a letter of intent to acquire the assets and intellectual property of Alternate Energy Corporation (AEC). The acquisition will be fully implemented within 30 days and will include COi, the public company, changing its name to Alternate Energy Corporation (AEC).

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.