JUPITER, FL, July 23, 2010
/24-7PressRelease/ -- Hydro Alternative Energy, Inc. ("HAE" or the "Company"), a renewable energy company with its principal focus on hydro kinetic energy and the generation of electricity within developing countries and regions, announced today that it will be sponsoring one of the leading international Dressage Riders, Marco Bernal, in the series of competitions and tournaments of the 2010 Central American and Caribbean Equestrian Games that will be held in Mayaguez, Puerto Rico during the upcoming days. Mr. Bernal is a rider from Colombia who has operated and trained in Palm Beach County, Florida since the early 1990s. He has participated in many of the most challenging equestrian events throughout the world and has become an internationally recognized equestrian sportsman.
HAE owns and develops technologies to extract energy from moving water currents, with a special focus on the Ocean, and owns intellectual property relating to technology and physical processes to efficiently generate hydro kinetic energy. HAE is based in South Florida, with its headquarters in the town of Jupiter. It also operates out of a satellite office in Wellington, Florida, and has recently opened an office in Ecuador to better serve the needs of the market.
Mark Antonucci, President and co-founder of the Company, said: "Ocean currents are the most generous source of energy that our planet offers. It is a permanent source that is predictable and will only end when the Earth stops its rotation movement. We are 100% committed to bringing the world simple, inexpensive and efficient ways that will increase the capacity of electricity generation and help reduce the current deficits."
Enrique Pallares, the Company's Director of Business Development, stated: "Our commitment to the Central American and Caribbean region is total. We are in the process of developing certain projects to generate environmentally-friendly electricity in various countries of this region. We want to develop long-term relationships in these countries and be partners in their social and economic development. Our involvement in this equestrian event is a demonstration of our level of commitment to this wonderful Region for which we share a kindred spirit and feel like we already belong."
Certain statements made by Hydro Alternative Energy, Inc. and members of its management team on its behalf in this release and other periodic oral and written statements, regarding the Company's operating performance, events or developments that the Company believes or expects to occur in the future, including those that discuss anticipated financial results, strategies, goals, outlook or other non-historical matters, or which relate to future sales, earnings expectations, cost savings, growth of the Company or of the market for its products and services, or general belief in the Company's expectations of future operating results are forward-looking statements. All such forward-looking statements are subject to risks and uncertainties, including the need by the Company for substantial additional working capital to materially advance its business plan; no assurances that the Company will be able to secure such capital; technology challenges involved in the development of the Company's planned products and services; the performance of the Company's technology; the Company's ability to protect its intellectual property; the breadth and severity of the global economic downturn; the strength of housing and related markets; retail and industrial demand; foreign currency effects; the ability to integrate acquisitions successfully and the risk that expected synergies may not be fully realized or may take longer to realize than expected; and competitors' product introductions, pricing and other competitive pressures, as well as other risk factors. Forward-looking statements included herein are made as of the date hereof, and the Company undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.
Hydro Alternative Energy, Inc
www.HydroAlternativeEnergy.com
561-900-7200
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