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Tuesday, October 05, 2010

Cleantech Stocks; ALTER NRG (TSX: NRG; OTCQX: ANRGF) ANNOUNCES BEING RECOGNIZED AS A FINALIST IN THE PLATTS GLOBAL ENERGY AWARDS AND THE ERNST AND YOUNG ENTREPRENEUR OF THE YEAR

Cleantech Stocks; ALTER NRG  (TSX: NRG; OTCQX: ANRGF)  ANNOUNCES BEING RECOGNIZED AS A FINALIST IN THE PLATTS GLOBAL ENERGY AWARDS AND THE ERNST AND YOUNG ENTREPRENEUR OF THE YEAR


CALGARY, (http://www.investorideas.com/ clean energy stocks blog )  (TSX: NRG; OTCQX: ANRGF) Alter NRG Corp. ("Alter NRG" or the "Company") is pleased to announce that Alter NRG has been named a finalist by Platts in two categories - Rising Star and Green Energy Initiative of the Year. As well, Mark Montemurro, President and CEO of Alter NRG has been named a finalist for the Ernst and Young Entrepreneur of the Year Award for the second straight year in the Cleantech category, Prairie division.

Over the past eleven years the Platts Global Energy Awards have become a prestigious honour, recognizing those that reach beyond the status quo in the name of excellence in leadership, innovation and performance. The awards receive more than 200 nominations each year from over 30 countries including Brazil, India, Puerto Rico, Saudi Arabia, South Africa, Spain, Russia, Switzerland, Argentina, China, Pakistan, Bangladesh, Thailand, United Kingdom and the United States. The Platts Global Energy Awards have been described by past entrants and winners as both the "World Series" and "Academy Awards" of energy.



The Ernst and Young Entrepreneur of the Year recognizes high-achieving entrepreneurs in Canada and around the world who drive growth, build communities and transform industries. The Canadian program is in its 17th year of honoring the country's most impressive entrepreneurs from all areas of business.

"This year's Prairies finalists have transformed innovative ideas into viable, sustainable enterprises, created jobs and built thriving communities," says David Boomer, Director of Entrepreneur of the Year for the Prairies region. "By showing tremendous focus and strength of character, these leaders have successfully taken their businesses to the next level."



Mike Heier, Director and Chairman of Alter NRG comments, "it is rewarding to see the efforts of Alter NRG become recognized both locally and on a global level through these nominations. Commercializing technology is hard work and presents many challenges. However, providing sustainable energy solutions is something our Company is passionate about, and we feel honored to be nominated and recognized for our efforts."

ABOUT ALTER NRG
Alter NRG is pursuing alternative energy solutions to meet the growing demand for environmentally responsible energy in world markets. The Company's vision is to commercialize growth technologies through environmentally sustainable and economically viable alternative energy projects. The Company's objectives are twofold; First, is to further commercialize the Westinghouse Plasma Gasification Technology, a wholly owned subsidiary, to provide renewable and clean energy solutions from a wide variety of feedstocks, and providing a wide variety of energy outputs - including liquid fuels like ethanol and diesel, electrical power, and syngas; Second, to capitalize on the rapidly growing geoexchange residential and commercial heating and cooling market through a wholly owned subsidiary CleanEnergy that enables consumers to reduce their carbon footprint and reduce the cost and volatility of energy bills using the energy from the earth.
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.



Advisory Respecting Forward-Looking Statements:



This news release contains certain "forward-looking information and statements" within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends", "confident", "might" and similar expressions are intended to identify forward-looking information or statements. In particular, this new release contains forward looking statements pertaining to capital expenditures, schedules and commencement of operations of existing projects and projects under development; availability of project financing; timing of sales; industry trends; factors influencing capital investments and development activities; the Corporation's reputation and market position within the industries in which it operates and the Corporation's strategy and competitive advantages. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release.
The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Forward-looking statements reflect management's current beliefs and assumptions, based on information currently available to management. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, many of which are beyond the control of the Corporation. Among the material factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: that the information is of a preliminary nature and may be subject to further adjustment; unforeseen environmental effects;Technip's ability to market projects effectively, arrangements with key suppliers; potential product liability and other claims; risks associated with the proprietary technology; closing on grants and incentives, the possible unavailability of financing at competitive rates and the related effect on development activities; changes in government regulation, including changes to environmental regulations; the effects of competition; the dependence on senior management and key personnel, and fluctuations in currency exchange rates and interest rates, as well as those factors discussed in or referred to under the heading "Risk Factors" in the Company's Annual Information Form dated March 29, 2010 available at www.sedar.com. Such information and statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information or statements.



The Corporation cautions that the foregoing list of assumptions, risks and uncertainties is not exhaustive. The forward-looking information and statements contained in this news release speak only as of the date of this news release, and the Corporation assumes no obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable securities laws.
Contacts

Mark Montemurro

President and Chief Executive Officer

(403) 806-3877

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