KANSAS CITY, Mo., May 8, 2007 (PRIME NEWSWIRE) -- Kansas City-based Alternative Energy Sources Inc. (OTCBB:AENS) today announced its selection of two law firms, Vinson & Elkins LLP and Bryan Cave LLP, as legal advisers.
Vinson & Elkins LLP will serve as AENS's company counsel on debt financing. Founded in 1917 in Houston, the firm has longstanding ties to the oil and gas industry and today is one of the world's leading energy law firms. Vinson & Elkins has more than 750 lawyers and locations across the globe, including offices in China, England, Russia, Japan and Dubai (United Arab Emirates).
Bryan Cave LLP will serve as AENS's company counsel on equity financing. Founded in 1873, the firm represents a wide variety of business, financial, institutional and individual clients. Bryan Cave has nearly 800 lawyers in 13 offices in the United States, Europe, Asia and the Middle East to serve clients' needs in the world's leading business and financial markets.
Since August 2006 AENS has announced plans to build ethanol plants in Ogden, Iowa, and in Kankakee, Ill., and Greenville, Ill.
AENS is developing "greenfield" sites, including constructing, owning and operating fuel-grade ethanol plants. For information: www.aensi.com. For additional information visit www.vinson-elkins.com and www.bryancave.com.
The Alternative Energy Sources Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2961
Forward-Looking Statements: This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's expectations, estimates, projections and assumptions. You can identify these statements by the fact that they do not relate strictly to historic or current facts. They use words such as "will," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "target," "forecast" and similar words in connection with any discussion of future operating or financial performance. Forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed including, but not limited to, our inability to secure or generate sufficient operating cash flow to adequately maintain our generating facilities and service our debt, commodity pricing, intense competition for undervalued generating assets, environmental risks and general economic conditions and other financial, operational and legal risks and uncertainties detailed from time to time in the Company's SEC filings. Any forward-looking statements speak only as of the date of this release. We assume no obligation to update any forward-looking statements to reflect any event or circumstance that may arise after the release date.