AEGY Announces Acquisition of Medical Cannabis Payment Solution

LOS ANGELES, May 15, 2013 /PRNewswire/ -- Alternative Energy Partners, Inc. (OTCBB: AEGY) announces that it has signed a definitive agreement to acquire the Simple Prepay™ merchant payment solution from iEquity Corp. The Simple Prepay™ system was developed to offer dispensaries, collectives, and delivery services a secure and convenient payment solution for medical cannabis. Medical marijuana patients will be able to upload funds onto their Simple Prepay™  account via a smart phone application or website, allowing them to purchase their medical cannabis needs with privacy and simplicity.

Combined with the PharmaJanes™ on-line and smart phone ordering platform, which AEGY also is acquiring, medical marijuana patients will be able to order, process and pay for their authorized needs through a simple, safe and secure ordering and payment interface. Local licensed collectives or other licensed medical marijuana providers in the home state of the end-user, will then fulfill the orders provided through this new system, in full compliance with state and local laws and ordinances.

PharmaJanes™ will act solely as an expediter and processor of the authorized orders, and Simple Prepay™  will provide the secure payment platform, while the actual fulfillment function will be done entirely within the particular state of residence of the purchaser, by a locally licensed and regulated independent medical marijuana provider.

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes", "expects", "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. This news release speaks as of the date first set forth above and no responsibility or obligation may be assumed or exists to update the information included herein for events occurring after the date hereof.

Contact:
Mario Barrera
[email protected]

SOURCE Alternative Energy Partners, Inc.

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