Hydro Alternative Energy, Inc. Announces New Members To its Board of Directors

    JUPITER, FL, May 25, 2010 /24-7PressRelease/ -- Hydro Alternative Energy, Inc. ("HAE" or the "Company"), a renewable energy company, announced today that it has recently added several new members to its Board of Directors.

In welcoming the new members of the Board of Directors, co-founder and recently appointed President, Mark Antonucci, stated, "We are expecting great things from our new Board members with the vast knowledge, business and management experience, international resources and contacts that each brings with them."

About our new Board members:

Luis Eduardo Bernal Jaller, age 50, has been a director since April 1st, 2010 and was elected as Chairman of the Board on April 26th, 2010. Mr. Bernal brings over 30 years of experience in fields ranging from international banking to real estate, manufacturing, media distribution and politics. His political experience started in 1986 as an advisor to the Colombian Ambassador in Ecuador. Mr. Bernal was a founding participant of the Fundacion Colombia in 1987, a non-profit organization dedicated to the assistance and support of Colombian residents in Ecuador. In 1991, he became a director of the Colombian and Ecuadorian Chamber of Commerce and Industry as well as a member of the Committee for the Bilateral Colombia-Ecuador Commercial Treaty. Mr. Bernal also served as a Diplomatic Counselor of Colombia in Ecuador from 1993 to 1995. In 1983, he became the director for Grupo Televisa Quito in Ecuador, where he was a founding participant of the marketing and media distribution companies Disandes, Vanipubli and Samra. In 1995, Mr. Bernal became the Bordier Bank representative in Ecuador, establishing commercial and new accounts for this prestigious financial institution. From 1996 to 2000 he was a director/founder of the first equestrian vaulting academy in Wellington, Florida. Mr. Bernal founded Leber Investments, LLC in March 2005, a real estate investment portfolio management company located in Palm Beach County, Florida dedicated to the creation and management of real estate investment portfolios in both Latin America and South Florida, of which he is still the Managing Director. Most recently, he was a founding director of Latin Power Group, Inc. ("LPG"), a Florida corporation incorporated on June 3rd, 2009, located in Palm Beach County, Florida, the focus of which was to create market opportunities for generating green electricity with hydrokinetic systems. Such company is to be shortly dissolved in connection with the principals of LPG becoming members of HAE's Board of Directors.

Enrique Pallares, age 48, has been a director since April 1st, 2010. Mr. Pallares brings more than 25 years of entrepreneurship and international business acumen to the Company. He has founded multiple successful businesses and has extensive management and expertise ranging from online publishing in Latin-America to underbanked and unbanked financial solutions as well as adventure sports enterprises and mobile payment solution systems. Beginning with the Ecuador Club 4x4 he founded in 1985, a not-for-profit Ecuadorian corporation involved in the organization and operation of four wheel drive racing events, Mr. Pallares has gone on to found many other ventures. He started Mueble Integral S.A. in 1986, a company incorporated in Ecuador involved in the business of making modular cabinets and doors for the construction industry which he sold in 1990. After such sale, he bought an interest in Expediciones Andinas, an adventure tour operator in Ecuador, and served as such company's director of international promotion until he sold his interest in 1992. From 1988 until 1994, he represented Exytren America, Inc., a Colorado based company that produced controlled combustion additives for fossil fuels, serving as such company's Ecuadorian commercial representative. From 1994 to 2004, Mr. Pallares was employed by Diario HOY Media Group in Quito, Ecuador, serving in several executive and director positions within certain of its related portfolio companies. Starting in early 1994 through approximately mid-1998, he was the Executive Director of Servitados, a portfolio company involved in the handling and storage of databases and historical archives. He led the launch in approximately November 1994 of Diario HOY online, a division of Servitados and the very first online newspaper in Latin America for which he served as its Executive Director until approximately August 2002. In 1997, Mr. Pallares founded Hoy.Net, an internet service provider and subsidiary of the media group holding company and in 1998, was appointed Executive Director of Hoy.Net, a position in which he served through approximately January 2001. In 1999, he was responsible for duplicating the audio text part subsidiary of the HOY Media Group and growing such business in Bolivia, Costa Rica, Peru, Argentina and Chile, of which he was in charge through approximately August 2002. In August 2004, Mr. Pallares founded Unlimited Diversity, Inc., a Florida corporation located in Wellington, Fl, which was a stored value card product and services development company that catered to underbanked/unbanked Hispanic immigrants who send remittances to their homelands. He holds a U.S. patent relating to money remittances utilizing debit cards and utilized such patent in the operation of such business. He served as President of such company until September 2008 when it ceased operations due to the ensuing bank credit crisis. In September 2005, Mr. Pallares founded Global Technologies Investment Inc., a Florida corporation located in Wellington, Fl, that developed mobile payment and mobile transaction platform solutions. He served with such company as a director until approximately early 2009 when the decision was made to cease operations after planned funding from a third party funding source did not materialize in the wake of the global financial crisis. Most recently, Mr. Pallares was also a founding director of LPG. In addition to these business ventures, and as an extension of his passion and hobby, he started his own polo company, Pallares Polo Inc., a Florida corporation, in July 2005, located in Palm Beach County, Fl, which is involved with organizing and operating various polo sports activities throughout the U.S.

Luciano Jose Garcia-Baylleres, age 41, has been a director since April 1st, 2010. Mr. Garcia brings more than 14 years of executive level experience leading the financial department of a full service leasing company as well as general management experience in technology and transport companies. For the past 13 years he has held various executive positions for Bancolombia Group, which is part of the Grupo Empresarial Antioqueno, a multi-faceted holding company involved in numerous industries and businesses. From 1998 to the present, he has served in various divisions and companies comprising the Group, bringing strategic focus and development in each position held. From 1998 to 2000, Mr. Garcia worked as a Financial and Administrative Manager for Renting Colombia S.A., a startup company in Medellin Colombia, which provided full leasing services for fleets of vehicles and trucks. From July 2001 to November 2006, he served as the General Manager/Country Manager for TODO1 Colombia S.A., a startup company headquartered in Miami, Fl., which provided internet transaction services to Bancolumbia, Banco Mercantil de Venezuela and Banco Pichincha del Ecuador. From November 2006 until May 2008, Mr. Garcia served as the CEO of Mision Empresarial S.A., located in Medellin, Colombia, one of the 8 largest temporary worker placement companies in Colombia at such time. In June 2008, he became the General Manager for TasporTemp S.A., located in Medellin, Colombia, a company primarily dedicated to the transport of bulk cement and mining materials, and in October 2009 was transferred to his current position as the Corporate Vehicle Unit Director for Leasing Bancolombia, which is part of Colombia's largest financial group. In such position, Mr. Garcia is in charge of managing more than two billion dollars worth of financial credits for vehicles, helping create a strategy and integration for three of Bancolumbia's subsidiaries (Leasing Bancolombia, Sufi and Renting Colombia) and implementing new products in order to complete a full financial vehicle portfolio, which includes different forms of lease, credit and renting options for vehicles.

Juan G. Mesa Uribe, age 43, has been a director since April 26th, 2010. In March 2010, Mr. Mesa was appointed as the General Director of the Political Campaign of Juan Manuel Santos, Presidential candidate of Colombia, within the U.S. and Canada. In such position, he is responsible for handling all of the campaign's promotions, and the preparation and coordination of all events, speeches and visits within such countries. In 1990, Mr. Mesa founded Sector A, a Costa Rican corporation which, until 1995, was involved in exporting textile products such as Volcano and Padocks branded clothing to Central America. During the same time period (1991-1995), he founded and served as a director of MUM Corp, a Costa Rican corporation which purchased accounts receivables from companies requiring cash flow and working capital. From approximately May 1995 to August 1996, Mr. Mesa served as a field manager for Aplitech Inc., a Miami, Fl based construction company involved with the application of exterior insulation finishes. In August 1996, he was involved in the founding of Praga, Inc., a Florida corporation and construction company based in Miami, Fl, which through February 2008, was responsible for the architectural finishes of different hotels such as Sandals, Atlantis, British Colonial, Sheraton, Holiday Inn, Days Inn, Intercontinental, Hilton, Sheraton, Lowes Hotel within the Bahamas and the United States, and private clients' residences such as Enrique Iglesias and others, also within such locations. In September 2006, he incorporated Mesa Multiservices Corp., a Florida corporation located in Miami, Fl, which provides money remittances, money gram services, check cashing, cell phones, photocopy services, bill payment, among other services, and in which he is still serving as a consultant through June 1, 2010 as a condition to his recent sale of such business. Mr. Mesa has continued his involvement in the construction industry through the present through Mesa Solutions Corp., a Florida corporation he founded in July 2008 located in Miami, Florida, dedicated to the management of construction projects. Such company has been and continues to be involved in managing many projects such as Gables Gate Phase II, a commercial building located at 7171 Coral Way, in Miami, Fl, having a project budget of approximately of $15 million. He also served as a founding director of LPG. Mr. Mesa was discharged from a personal bankruptcy filing in February 2010.

Certain statements made by Hydro Alternative Energy, Inc. and members of its management team on its behalf in this release and other periodic oral and written statements, regarding the Company's operating performance, events or developments that the Company believes or expects to occur in the future, including those that discuss anticipated financial results, strategies, goals, outlook or other non-historical matters, or which relate to future sales, earnings expectations, cost savings, growth of the Company or of the market for its products and services, or general belief in the Company's expectations of future operating results are forward-looking statements. All such forward-looking statements are subject to risks and uncertainties, including the need by the Company for substantial additional working capital to materially advance its business plan; no assurances that the Company will be able to secure such capital; technology challenges involved in the development of the Company's planned products and services; the performance of the Company's technology; the Company's ability to protect its intellectual property; the breadth and severity of the global economic downturn; the strength of housing and related markets; retail and industrial demand; foreign currency effects; the ability to integrate acquisitions successfully and the risk that expected synergies may not be fully realized or may take longer to realize than expected; and competitors' product introductions, pricing and other competitive pressures, as well as other risk factors. Forward-looking statements included herein are made as of the date hereof, and the Company undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.

Hydro Alternative Energy, Inc
www.HydroAlternativeEnergy.com
561-900-7200

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