Alternative Energy Development Corporation and Potts Advertising Sign Binding Letter of Intent; e3 Fuel Saver to Retail at 835 D
17 October 2009 - 8:29AM
Marketwired
Alternative Energy Development Corporation (OTCBB: ADEC), an
emerging provider of clean fuel automotive solutions announced
today that the company has entered into a binding letter of intent
with Potts Advertising of Fort Lauderdale, Florida to launch a
national marketing, distribution and reseller campaign to promote
sales of AEDC's e3 Fuel Saver -- a cost-effective automotive fuel
saving device designed to help consumers save serious money at the
pump.
Under the terms of the agreement, Potts Advertising, a
nationally recognized leader in automotive marketing, advertising
and distribution solutions shall be granted exclusive rights to act
as agent for product sales of the company's propitiatory e3 Fuel
Saver to participating Potts auto dealers throughout North America.
The Agreement calls for Potts to deliver 835 dealers by June 30,
2010. e3 Fuel Saver units will be sold to participating Auto
Nation, Van Tuyl and Sonic auto dealers, who will also be
recognized as certified AEDC resellers/installers for the e3 Fuel
Saver.
"We couldn't be more excited about our relationship with Potts
Advertising; this is a major step forward in terms of building our
business," said Jay Alvarez, President & CEO of AEDC. "The
relationship with Potts is a vital component to building brand
awareness for the e3 Fuel Saver and strengthens our direct outreach
to consumers through well established distribution and sales
channels."
Alternative Energy Development Corporation's e3 Fuel Saver, is
an aftermarket automotive fuel saving device that operates on all
new and late model gas powered vehicles and retails for just under
$300. Independent tests conducted on vehicles equipped with the e3
Fuel Saver confirmed:
-- Up to a 50% increase in city and highway mileage
-- A reduction in vehicle emissions output
-- An improvement in overall engine performance
With over 250 Million registered vehicles in the US alone,
Alternative Energy Development Corporation intends to become the
industry leader in the design, development, manufacturing,
marketing, and distribution of cost-effective after-market fuel
conservation technologies for consumers, government entities and
business owners.
About AEDC
Alternative Energy Development Corporation is an Arizona-based
company whose objective is to promote the development and
installation of cost-effective, fuel saving automotive technology
worldwide. Our environmentally friendly product was designed to
provide a practical and affordable solution to curb rising fuel
costs for consumers worldwide and reduce harmful greenhouse gas
emissions that contribute to global warming. For more information
about AEDC and our products, visit us at www.aedccorp.com or call
1.888.598.2332 (888-598-aedc).
Statements contained in this release, which are not historical
facts, may be considered "forward-looking statements" under the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are based on current expectations and the current
economic environment. We caution the reader that such
forward-looking statements are not guarantees of future
performance. Unknown risk, uncertainties as well as other
uncontrollable or unknown factors could cause actual results to
materially differ from the results, performance or expectations
expressed or implied by such forward-looking statements.
Contact: Public Relations PR@aedccorp.com 1.888.598.2332
Alternative Energy Devel... (CE) (USOTC:ADEC)
Historical Stock Chart
From Dec 2024 to Jan 2025
Alternative Energy Devel... (CE) (USOTC:ADEC)
Historical Stock Chart
From Jan 2024 to Jan 2025