July 30, 2001

Americas Power Partners Establishes Debt Facility with The ABN AMRO Group

Hinsdale, IL, July 30, 2001 - Americas Power Partners, Inc.(APP)(OTCBB: APPN) announced today that LaSalle National Leasing Corporation, a member of the ABN AMRO Group has funded a multi-million dollar, long term Energy Services Agreement to own, operate, maintain and improve the utility plant and system for H.J. Heinz Company food processing facility in Muscatine, Iowa.

 

LaSalle National Leasing is a member of Netherlands-based ABN AMRO Group, one of the world's largest banks with total assets of $505 billion and more than 3,500 locations in 76 countries and territories.  In North America, ABN AMRO is headquartered in Chicago and has $183 billion in assets and more than 19,000 employees with banking offices in 13 cities in the U.S., Canada and Mexico serving wholesale clients.

 

"APP is pleased to have available debt funding with the ABN AMRO Group.  ABN AMRO is a leader in the financing of Energy Services Agreements and cogeneration project financing.  The banking relationship will accelerate the company's business plan to become a leading independent power producer", stated Mark A. Margason, Chairman and CEO of APP.

 

APP intends to use the debt funding to finance its growth as an independent power producer.  APP is in the business of developing, owning and managing the operation of energy systems, including cogeneration plants, which produce electricity and thermal energy for sale under long-term contracts with industrial, commercial and government users.  APP believes that the development of cogeneration projects in its niche market will provide customers with improved reliability and energy cost savings.  The Company plans to initially focus their cogeneration efforts on projects less than 100 megawatts.

The Private Securities Litigation Reform Act of 1995 provides a "safe-harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contains statements that are forward-looking, such as statements relating to plans for future expansion. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include, but are not limited to, completion of definitive purchase agreements, ability to obtain needed capital, those relating to development activities, dependence on existing management, leverage and debt service, domestic or global economic conditions, and changes in customer preferences and attitudes. For more information, review the Company's filings with the Securities and Exchange Commission.

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