Alternative Energy Partners Inc (AEGY)

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Item 8.01 Other Events.

Registrant (iEquity Corp. / SKTO / AEGY) has determined that there is no significant benefit from continuing as a reporting company under the Securities Exchange Act of 1934 as the common shares of the company are now only trading on the “grey market”, the company has less than150 shareholders of record, and the costs of continuing regulatory compliance are substantial. Accordingly, Registrant has determined to file a Form 15 Certification and Notice of Termination of Registration Under Section 12(g) of the Securities Exchange Act of 1934 or Suspension of Duty to File Reports Under Sections 13 and 15(d) of the Securities Exchange Act of 1934.

Registrant has been informed by the SEC that a formal order of investigation regarding the Registrant has been opened. No further details of the nature or scope of that investigation can or will be disclosed at this time.

As previously disclosed in Registrant’s Form 10-K filed on November 13, 2013, on May 1, 2013, iEquity Corp., a Florida corporation based in California, became the controlling shareholder of Registrant. Henry Jan is the majority shareholder of iEquity Corp. and Mr. Jan, through iEquity Corp., exercises control over the operations of Registrant.

(Uh-ohhh: this can't be good...)