Alter Energy Group AG
Alter Energy Group engages Jesup & Lamont Securities Corporation
Alter Energy Group AG / Contract 29.10.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 'Alter Energy Group engages Jesup & Lamont Securities Corporation' Zurich Switzerland - October 28, 2009 ALTER ENERGY GROUP AG ('AEG') (Frankfurt Stock Exchange Ticker Symbol:: 39f) announced today that it has engaged New York based investment banking firm Jesup & Lamont Securities Corporation, a FINRA member firm, to manage its investment banking and corporate finance activities. Under the terms and conditions of the Investment Banking Engagement Agreement, Jesup & Lamont (Jesup) will use its best efforts to provide AEG with an immediate term (30-45 days) asset-backed bridge loan of $1,200,000 to $1,500,000 USD. Jesup will also work with AEG on listing AEG's shares on a U.S. public market such as NYSE Alternext, OTCQX or other U.S. market as deemed appropriate. In addition to and in conjunction with its U.S. listing, Jesup plans to provide AEG with a minimum initial follow-on equity financing of $3,000,000 to $5,000,000 USD. Edward J. Klaeger IV, CEO of AEG explained, 'The engagement of Jesup & Lamont is the result of several years of diligent effort and hard work by AEG and its advisors and is a clear indication that we are well positioned for international marketing, capital formation and fund raising. Jesup & Lamont brings a track record of success in funding both alternative sources of energy and emerging market companies along with a strong established presence in capital markets. Jesup & Lamont is the right strategic partner for AEG to successfully represent our interests in international capital markets, which is a foundation and major component of the successful implementation of the AEG model. We look forward to a long successful relationship with the team at Jesup & Lamont'. Daniel Nicholas, Managing Director, of Jesup & Lamont said, 'We are very excited about working with the AEG team in Ukraine and Europe. Alternative and renewable sources of energy represent one of the strongest market sectors available, and AEG brings the type of professionalism, expertise and transparency around which Jesup & Lamont and its clients can build a long term relationship. We look forward to executing on the provisions of our Agreement with AEG and helping the Company in its public market and capital formation and fund raising efforts.' About AEG: AEG is a Zurich-based publicly traded Swiss company with operations in Ukraine. AEG is active in acquiring and making investments in Ukraine alternative and renewable energy generation and distribution projects and companies. About Jesup & Lamont: Founded in 1877 Jesup & Lamont is a New York based FINRA member full service Investment Banking and Corporate Finance firm with an in-house team of more than 300 retail brokers, 11 analysts and a comprehensive marketing program as well as a strong finance and retail market support syndicate. For more information on AEG please visit: www.alterenergygroup.com For more information on Jesup & Lamont please visit: www.jesuplamont.com Contact Investor Relations: info@alterenergygroup.com Forward-Looking Statements Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the Company's current and future capital needs, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, and other risks. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release. 29.10.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------------
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