On or about February 18, 2008, by virtue of a press release, listing David Mordekhay as the contact person, it was announced that AETE had terminated its joint venture agreement, dated December 14, 2007, by and between Gulf Ethanol Corporation (GFET) and Meridian Bio-Refining, Inc.
On or about May 7, 2008 AETE advised that Jonathan Gilchrist and related companies had been issued a "cease and desist" directive relative to conducting business on behalf of The Alternative Energy Technology Center, Inc.
AETE, at the present time, neither owns nor has a license, exclusive or otherwise, to technology for the purification and desalinization of water, nor does AETE have any business relationship with Carliwater, Inc.
AETE will be the primary R&D, engineering and construction partner for Morgan Stacey.
AETE, at the present time, neither owns nor has a license, exclusive or otherwise, to technology for the materials separation and purification of gas for the oil field service industry, nor does AETE have any business relationship with Morgan Stacy, Inc.
Quantum refining has retained AETE as its technology development partner.
The Company also wants to comment on reports that individual investors have received unsolicited spam e-mails promoting AETE stock.
AETE and its Management sincerely regrets if any of the investing public has been inconvenienced or misled by any information promulgated by these spam e-mails.
that the previously announced audit engagement commitment is being withdrawn, prior to the commencement of any work on behalf of AETE.