ASC issues statement regarding Alternative Energy Partners, Inc.
CALGARY, Feb. 28, 2014 /CNW/ - The Alberta Securities Commission (ASC)
is issuing the following statement regarding Alternative Energy
Partners, Inc. in response to a number of inquiries from investors.
In a Form 8-K filed by Alternative Energy Partners, Inc. with the
Securities Exchange Commission (SEC) on February 10, 2014, Alternative
Energy Partners Inc. made certain statements about the ASC which, in
the ASC's view, were materially misleading.
The Form 8-K stated that Alternative Energy Partners, Inc.:
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contacted the ASC by letter dated January 16, 2014, and that, "no
response has been received from the Alberta Securities Commission."
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"will continue to attempt to remove the "cease trade order" imposed
against it by the Alberta Securities Commission."
To date, the ASC has not been contacted by or received any
correspondence from Alternative Energy Partners, Inc. concerning the
cease trade order imposed by the ASC on January 15, 2014 or for any
matter since that date. The ASC has made multiple attempts to
communicate with Alternative Energy Partners, Inc. regarding the cease
trade order based on the contact information provided on OTCMarkets.com
and their SEC filings. However, our email message and courier package
were returned undelivered due to invalid addresses and our telephone
message has not been returned.
The cease trade order continues to remain in effect. A copy of the cease trade order is available on the ASC website at www.albertasecurities.com.
The ASC is the regulatory agency responsible for administering the
province's securities laws. It is entrusted to foster a fair and
efficient capital market in Alberta and to protect investors. As a
member of the Canadian Securities Administrators, the ASC works to
improve, coordinate and harmonize the regulation of Canada's capital
markets.
SOURCE Alberta Securities Commission
For further information:
For Media Inquiries:
Mark Dickey
Senior Communications Advisor
403.297.4481
For Investor Inquiries:
ASC Public Inquiries
Toll Free 1.877.355.4488