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AES Aqcuired by WHD Holdings

Peachtree City, GA, Dec. 23, 1998  --  John E. Hallberg, CEO of Alternate Energy Systems, Inc. (AES), and Wolfgang Driftmeier, president of WHD Holdings, Inc. (WHD), announced today that they have completed the sale of AES to WHD.

John Hallberg, 76, and David Williams, president of AES, have announced that they will retire in March of 1999, after contributing actively to the smooth transition to the new ownership. Thereafter, both will be available to AES as consultants.

All staff of AES will remain in place. The company will continue to do business at its present location in Peachtree City, GA, maintaining the name Alternate Energy Systems, Inc.

AES was founded by John Hallberg in 1974 and has built a reputation as the leading manufacturer of vaporizers and mixers, used in propane standby systems throughout the world. Approximately 40% of AES’s sales is in export.

 
 
For further information, call 770-487-8596, 800-410-9161, fax to 770-631-4306, or send e-mail to wdriftmeier@altenergy.com.
 
 

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