Alternative Petroleum Technologies Announces Expansion into Latin America

LUXEMBOURG, Oct. 15 /PRNewswire-FirstCall/ — Alternative Petroleum Technologies S. A. (“APT”) announced today it has executed a joint venture agreement with Navipac S.A., one of the largest maritime fuel providers and marine transporters of petroleum products on the West Coast of South America. The joint venture agreement covers Ecuador and other countries in the Region.

Navipac recently completed a year-long evaluation of the APT Technology that included testing in Navipac’s stationary power generation and marine engines. Ramon Espinel, General Manager of Navipac stated, “We are excited about the economic and environmental benefits derived from the APT technology. We see our relationship with APT as an important step for Navipac, Ecuador and its neighboring countries to address the increasing challenges associated with energy resource management and increasing emission controls in maritime and heavy industries.”

The joint venture is already finalizing agreements with a range of customers to include applications with industrial boilers, buses and marine vessels in Ecuador.

“Navipac’s decades of political and technical experience fits well with our geographical joint venture model and allows APT to leverage Navipac’s proven marketing expertise to offer our technology to the region cost-effectively,” stated APT’s President, Patrick Grimes.

About Alternative Petroleum Technologies (www.altpetrol.com)

Alternative Petroleum Technologies S.A. is the holding company for a group of environmental technology companies dedicated to all aspects of cost-effective solutions to environmental problems. We offer technologies and expertise to help operators of compression-ignition engines and industrial boilers meet increasingly stringent emissions requirements. We are developing new ways to help international power plant operators meet the constantly growing demand for electricity with heavier oil products that are made cleaner and more economical. And we are meeting the challenge of providing even cleaner biodiesel fuels with new generations of emulsified fuels.

For more information please contact APT at info@altpetrol.com.

About Navipac. (www.navipac.com)

Navipac S.A. (Navipac) has been supplying petroleum products and bunkering services in Ecuador and the region since 1952. Navipac was the first, and is the largest, private tanker owner and tanker operator in Ecuador. It has been recognized internationally as a regional leader in both in the quality of its services as well as introducing safety and technological advances to the industry.

Navipac is a third-generation company and its founder introduced the first petroleum refinery to Ecuador.

For more information please contact Navipac at bunkers@navipac.com

Disclaimer

This publication serves information purposes only and constitutes neither an offer to sell nor a solicitation to buy securities of Alternative Petroleum Technologies S.A. in any jurisdiction.

This publication also does not constitute an offer of securities for sale into the United States. Securities may not be offered or sold in the United States absent registration or any exemption from registration under the US Securities Act of 1933, as amended (the “Securities Act”). The securities of Alternative Petroleum Technologies S.A. described herein have not been and will not be registered under the US Securities Act and are not being and will not be offered or sold in the United States of America.

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This publication may contain forward-looking statements. These forward-looking statements concern the operations, prospects, plans, economic performance and financial condition of Alternative Petroleum Technologies S.A. Forward-looking statements are based on current estimates and assumptions made by Alternative Petroleum Technologies S.A. to the best of its present knowledge. Such forward-looking statements are based on assumptions and are subject to risks, uncertainties and other factors that could cause the actual financial condition and results of Alternative Petroleum Technologies S.A. to differ materially from and fail to meet the expectations expressed or implied by such forward-looking statements.

SOURCE Alternative Petroleum Technologies S.A.