AESO Atlantic Energy Solutions Inc (PK)

Atlantic Energy Solutions, Inc. (PINKSHEETS: AESO) and York Financial Group have implemented their strategic plan to rehabilitate homes that are preparing for sale in ten geographic markets across the country. The companies announced the first demonstration project in the Florida residential market at last week's Legislative Conference of the National Association of Hispanic Real Estate Professionals (NAHREP) and the Asian Real Estate Association of America (AREAA).

Atlantic and York have gained the necessary support from housing and bank authorities for residential underwriting to include total housing maintenance expenses such as electric, gas, and water. The companies forwarded to Fannie Mae three distinct programs in order to help 1,000 families achieve their goals of homeownership.

1. The first program, in combination with housing grants announced by the Department of Housing and Urban Development (HUD) www.hud.gov, will underwrite 100 new homebuyers with tougher qualifying standards, including energy costs, in determining whether the buyer qualifies. The grants are part of Congress' July 30 Housing and Economic Recovery Act that set out $4 billion to rehabilitate foreclosed, vacant and abandoned properties through the emergency Neighborhood Stabilization Program (NSP).

2. The second program will help 400 families improve their homes in advance of the sale, with typical energy efficiency improvements such as new energy efficient doors and windows, Energy Star appliances, blown insulation, and a solar component. The expected average cost for each home will be $25k and a $10MM "Energy Efficient Green Real Estate Fund" is being established to facilitate this.

3. The third program will train 500 prospective homebuyers with an 8 hour HUD recommended pre-purchase counseling program that includes additional training on energy efficiency. York will contract with select local HUD certified Housing Counselors to offer this expanded counseling program.

In association with local non-profit agencies, real estate brokerages and trade associations such as NAHREP and AREAA, the companies will foster a collaborative exchange of ideas and engage and train these groups in the programs so that their members can access the timely and productive opportunities in the clean, green industry. York improves technical capacities for governments, banks, non-profits and other real estate businesses while Atlantic Energy will provide energy assessment and audit services on all homes, including design, finance and construction oversight for the installation of comprehensive energy efficient improvements.

While designing the system to solve the crisis in housing and America's dependence on foreign oil, York Financial Group principal Ken York realized that many minds working together are better than a few. Said York, "Now is the best time to establish greater standards for residential underwriting because housing values will be increased with energy efficiencies in place."

With the help of Atlantic, home buyers will enjoy newly created equity and the surrounding community gets long-term financial benefits from increased building values. According to Atlantic Energy CEO Tim Brock, "There will be 5 million jobs created in the next five years in the clean, green industry and more than 3 million will be traditional blue collar jobs as the construction industry transitions to newer and updated standards with this residential model program."

About Atlantic Energy Solutions, Inc.

Atlantic Energy Solutions is a globally accredited Energy Efficiency and Resource Company and member of NAESCO (www.Naesco.org) that identifies, implements, and finances energy efficiency projects designed to improve the overall efficiency of energy, water usage and renewable resources, reducing our dependency on foreign oil and diminishing our carbon footprint. Headquartered in Saratoga Springs, NY and with satellite offices in Fairfield, NJ and Orlando, FL, Atlantic Energy Solutions assesses the energy demands and usages of municipal, corporate and industrial complexes to improve conservation and apply measures to bolster savings at the consumer level.

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Atlantic Energy Solutions Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include, but are not limited to, fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise any forward-looking statements.

CONTACT: Rich Inza ir@atlanticenergy.net 1-866-788-1600 www.atlanticenergy.net