Grain News

Alternative Energy Sources Selects Wachovia as Financial Adviser

Date Posted: May 10, 2007

Kansas City, MO -- Kansas City-based Alternative Energy Sources Inc. (OTCBB: AENS) announced May 10 its selection of Wachovia Securities as one of its key financial advisers.

Wachovia will provide strategic and financial advisory services designed to assist AENS in executing its business plan.

Since August 2006 AENS has announced plans to build ethanol plants in Ogden, IA, and in Kankakee and Greenville, IL.

³We chose Wachovia Securities because of its dedicated team of corporate and investment banking professionals who bring expertise to all facets of our industry. Wachovia can design capital solutions to address our companyıs specific needs,² said John Holland, chief financial officer of AENS.

Wachovia Securitiesı investment banking practice provides a complete range of financing and advisory services to financial sponsor groups and corporate clients through eight industry groups.

In addition to energy and power, these include consumer and retail, financial institutions, healthcare, industrial growth, media and communications, real estate and technology. In February AENS also announced the selection of The Courtney Group LLC, an investment-banking firm, as a financial adviser.

For more information, call 816-842-3835.

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