CS4) confirmed today that the Board of
Directors of the company has received and approved a takeover offer from
American Alternative Energy Systems Corp. of Denton, Texas. American
Alternative Energy Systems Inc. has similar projects and objectives
relative to the operations of GLBS. Great Lakes Biogas Technology
shareholders of record would receive 1 (one) American Alternative Energy
Systems share for every 3 (three) GLBS shares held. The amalgamation would
bring together two strong companies that are proactive in the renewable
energy industry. This takeover comes into effect March 16, 2009. All
shareholders of record are asked to surrender their stock certificates to
the company's transfer agent on or after the March 16, 2009 closing date.
The new AATV shares will be issued and mailed to shareholders. GLBS share
certificates that are not returned will be automatically cancelled and a
new AATV certificate will be issued.
Please return you certificates to:
Knightsbridge Assurance Ltd.
167 Queen Street S. Unit#9
Streetsville, On
Canada. L5M-1L2
Additional information will be provided on the company's website
www.greatlakesbiogas.com
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.
About American Alternative Energy Systems Corp.
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.
www.arenergysystems.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.