Alter Nrg Corp Announces Completion Of Sale Of Cleanenergy Developments Corp.

Alter Nrg Corp announced the completion of the sale of all of the issued and outstanding shares of CleanEnergy Developments Corp. (CleanEnergy), Alter NRG's wholly owned subsidiary, to Bellair Ventures Inc. (Bellair) for $5 million (the Transaction). As press released on January 5, 2012, the sale price of $5 million was satisfied by the issuance of shares of Bellair to Alter NRG. The Transaction constitutes the qualifying transaction for Bellair which will resume trading on the TSX Venture Exchange under the symbol BVI, subject to satisfaction of listing conditions and final approval of the Transaction by the TSX Venture Exchange.