AFP) received confirmation from the Board of
Directors of Great Lakes Biogas Technologies Inc. approving a recent
takeover bid proposed by the Board of Directors of AATV that will come into
effect March 16, 2009.
Great Lakes Biogas Technologies Inc. shareholders of record will receive 1
(one) American Alternative Energy Systems Corp. shares for every 3 (three)
GLBS shares held. Great Lakes Biogas Technologies has similar operations
and objectives in alternative renewable energy sectors that will complement
and strengthen the current business activity of American Alternative Energy
Systems Corporation.
In addition the company has proposed a takeover offer to Companies West
Group Inc. of Denver, Colorado. The offer is a 1 (one) for 1 (one) share
swap and is currently being considered by the Board of Directors of
Companies West Group Inc. A decision on this agreement is expected to be
received on or before January 20, 2009.
www.aaenergysystems.com
About American Alternative Energy Systems Corporation
American Alternative Energy Systems Corp. (AAESC) is a company focused on
reducing greenhouse gas emissions and making a more sustainable environment
through renewable energy. There are three different types of renewable
energy in the market: wind, solar, and biomass. Of the three, biomass is
the most economical and can solve other issues, making it a superior energy
source.
AAESC will produce Anaerobic Digesters that will turn manure and other
bio-waste into electricity and heat. The digester will solve the farmers'
manure disposal problems, and will produce electricity, heat, and income
for the farm (the excess electricity will be sold to the hydro grid).
AAESC goal is to become Canada's market leader in digesters. It plans to
become the leader by offering farmers the digester at no cost, simplifying
the purchase process.
About Great Lakes Biogas Technologies Inc.
Formed in 2001, Great Lakes Biogas Technologies Inc. searches for the
winners of tomorrow
-- entrepreneurs whose ideas and talents qualify them to pursue large
market opportunities successfully. We seek opportunities across a broad
spectrum, including environmental market sectors and renewable energy
solutions, The companies recent reorganization and business focus is to
pursue the numerous opportunities that are presenting themselves in the
alternative energy exploration and technology fields today and in the
foreseeable future.
www.greatlakesbiogas.com
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. Statements in this
release that are forward-looking statements are based on current
expectations and assumptions that are subject to known and unknown risks,
uncertainties, or other factors which may cause actual results,
performance, or achievements of the company to be materially different from
any future results, performance, or achievements expressed or implied by
such forward-looking statements. Actual results could differ materially
because of factors such as the effect of general economic and market
conditions, entry into markets with vigorous competition, market acceptance
of new products and services, continued acceptance of existing products and
services, technological shifts, and delays in product development and
related product release schedules, any of which may cause revenues and
income to fall short of anticipated levels. All information in this release
is as of the date of this release. The company undertakes no duty to update
any forward-looking statement to conform the statement to actual results or
changes in the company's expectations.