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Hydro Alternative Energy, Inc. Announces Execution of Binding Letter of Intent with Groupe Financier De L'Union, S.A. for Purposes of Securing Commercial Hydrokinetic "Water Power" Projects in Haiti

Hydro Alternative Energy, Inc., a renewable energy company, announced today that it has entered into a binding three year letter of intent with Groupe Financier de l'Union, S.A., a Haitian corporation.