York Financial Group and Atlantic Energy Solutions Team Up to Tackle Residential Energy Opportunities

SARATOGA SPRINGS, NY, Mar 24 (MARKET WIRE) --
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

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