UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

<TABLE>
<S>                                                          <C>                 <C>
 Date of Report (Date of Earliest Event Reported): September 25, 2006 (September 20, 2006)
</TABLE>
                 -----------------------------------------------
                        ALTERNATIVE ENERGY SOURCES, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

                                    Delaware
                                -----------------
                 (State or Other Jurisdiction of Incorporation)

               000-51762                        74-3038728
        (Commission File Number)     (IRS Employer Identification No.)

          310 West 20th Street, 2nd Floor, Kansas City, Missouri 64108
     -----------------------------------------------------------------------
              (Address of principal executive offices and zip code)

                                 (816) 842-3835
               --------------------------------------------------
              (Registrant's telephone number, including area code)

           ----------------------------------------------------------
          (Former name or former address, if changed since last report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_| Written communications  pursuant to Rule 425 under the Securities Act (17 CF
230.425)

|_| Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))

<PAGE>

Item 5.02 Departure of Directors or Principal  Officers;  Election of Directors;
Appointment of Principal Officers

On September 20, 2006, Alternative Energy Sources, Inc. (the "Registrant") hired
former Archer Daniels Midland ("ADM")  executive,  Dr. John A. Ward, to serve as
Executive  Vice-President and Director of Operations pursuant to the terms of an
employment agreement executed between the Registrant and Dr. Ward.

Dr. Ward brings over 29 years of engineering  and managerial  experience in food
and fine chemicals processing.  Before joining Alternative Energy Sources, Inc.,
Dr. Ward served as ADM's  vice-president  and Director of Group  Operations  for
Corn Products and Bio-Products  based at the company's  headquarters in Decatur,
Illinois.

Dr.  Ward began his  professional  career with Pfizer  Chemical  Corporation  in
Ireland in 1977. Rising steadily through the ranks of engineering and production
management, Dr. Ward was named Director of Production-Chemicals in 1990. In 1991
he left Pfizer following an acquisition and joined Archer Daniels Midland.

Dr. Ward first served as ADM's Director of Production for a Citric Acid facility
in Ringaskiddy, Cork, Ireland. Within four years he was named Managing Director.
Faced with  increasing  global  competition  and  declining  margins,  Dr.  Ward
instituted  numerous yield,  energy and labor optimization  projects to pull the
plant through this difficult period.

By March,  1999,  Dr. Ward was named General  Manager of Citric Acid  Operations
with  responsibility  for ADM's  American and Irish  citric acid plants.  A year
later he became vice-president,  Fermentation Products Manufacturing, overseeing
ADM's bio-products complex in the United States as well as citric acid plants in
both North  Carolina  and  Ireland.  Responsible  for an  intense  manufacturing
environment with multiple plants, Dr. Ward achieved significant  improvements in
safety, efficiency (particularly energy usage) and plant capacity.

In 2001 Mr. Ward became  vice-president  and  Director of Group  Operations-Corn
Processing  and  Bio-Products  for ADM.  Over the past five years he had led the
corporate  manufacturing and engineering teams and assumed responsibility for 16
manufacturing  facilities;  among them, major Midwestern corn processing  plants
incorporating the largest ethanol,  corn sweetener and bio-products  capacity in
the world.

Dr. Ward has  achieved  multi-million  dollar  reductions  in  operating  costs,
successfully  integrated  two major plants into ADM  following  an  acquisition,
implemented  both  an  in-house,  ISO-based  quality  management  system  and  a
multi-million  dollar  environmental  compliance  program,  and greatly  reduced
recordable  injuries by creating a "safety  culture," where safety was the first
consideration among all groups and in all work areas - design,  construction and
plant  operations.  Also  under  his  direction,  operational  methods  and step
capacity  adjustments  led  to  significant   increases  in  overall  ADM  plant
capacities - as much as a 50% improvement, in one case.

A native of Ireland,  Dr.  Ward  earned  both a Bachelor of Science  degree with
Honors in Chemical  Engineering and a Ph.D. in Industrial  Chemistry from Queens
University in Belfast, Northern Ireland.

<PAGE>

Dr. Ward's employment agreement is for a four year term, providing for an annual
base salary of $180,000,  with an  opportunity to increase the base salary up to
$260,000 upon the occurrence of certain  events,  and an annual bonus subject to
the  Company  achieving  its  target  performance  levels  as  approved  by  the
Compensation  Committee  of the Board.  Dr. Ward is also  entitled to receive an
option grant of 400,000 shares from the Company's 2006 Stock Option Plan, 25% of
which shall be  exercisable on the first  anniversary  of the grant,  25% of the
option shall be vested and become  exercisable on the second  anniversary of the
grant,  25% of the option  shall be vested and become  exercisable  on the third
anniversary  of the grant,  and the  remaining 25% of the option shall be vested
and become  exercisable  on the fourth  anniversary  of the grant of the option.
Under the agreement, Dr. Ward will be subject to traditional non-competition and
employee  non-solicitation  restrictions while he is employed by the Company and
for one  year  thereafter.  Dr.  Ward and his  dependents  will be  entitled  to
participate in the Company's benefit plans at the Company's expense.  Subject to
certain  notice  requirements,  Dr.  Ward  will be  entitled  to  terminate  the
employment  agreement  at  any  time.  If Dr.  Ward  terminates  the  employment
agreement  for a Good  Reason (as  defined in the  agreement),  then Dr. Ward is
entitled  to  receive  his  base  salary  and   guaranteed   bonus   during  the
then-remaining  term of the agreement plus a one time severance payment equal to
his  then-current  annual base salary,  as well as continuation at the Company's
expense of Dr. Ward participation in the benefit programs described above.

The  foregoing  description  of the  employment  agreement  is  qualified in its
entirety by  reference  to the  employment  agreement  attached to this  Current
Report on Form 8-K as Exhibit  10.1 and  incorporated  herein by  reference.  In
addition,  a copy of the press  release  announcing  Dr. Ward's hire is attached
hereto as Exhibit 99.1

There are no family relationships among Registrant's executive officers.

Item 9.01  Financial Statements and Exhibits.

(d)  Exhibits

The following  exhibits are furnished in accordance  with the provisions of Item
601 of Regulation S-B:

-----------    -----------------------------------------------------------------
Exhibit No.    Description
-----------    -----------------------------------------------------------------
10.1           Employment Agreement dated September 20, 2006
-----------    -----------------------------------------------------------------
99.1           Press Release dated September 14, 2006
-----------    -----------------------------------------------------------------

<PAGE>

                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


Dated: September 25, 2006               ALTERNATIVE ENERGY SOURCES, INC.


                                        By: /s/ Mark Beemer
                                           -------------------------------------
                                        Name: Mark Beemer
                                        Title: Chief Executive Officer


<PAGE>

Exhibit Index

-----------    -----------------------------------------------------------------
Exhibit No.    Description
-----------    -----------------------------------------------------------------
10.1           Employment Agreement dated September 20, 2006
-----------    -----------------------------------------------------------------
99.1           Press Release dated September 14, 2006
-----------    -----------------------------------------------------------------
{"company-data": {"conformed-name": "ALTERNATIVE ENERGY SOURCES INC", "cik": "0001175867", "assigned-sic": "8742", "irs-number": "000000000"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-51762", "film-number": "061106867"}, "business-address": {"street1": "310 WEST 20TH STREET", "street2": "2ND FLOOR", "city": "KANSAS CITY", "state": "MO", "zip": "64108-2005", "phone": "816-842-3835"}, "mail-address": {"street1": "310 WEST 20TH STREET", "street2": "2ND FLOOR", "city": "KANSAS CITY", "state": "MO", "zip": "64108-2005"}}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): September 25, 2006 (September 20, 2006)
-----------------------------------------------
                        ALTERNATIVE ENERGY SOURCES, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

                                    Delaware
                                -----------------
                 (State or Other Jurisdiction of Incorporation)

               000-51762                        74-3038728
        (Commission File Number)     (IRS Employer Identification No.)

          310 West 20th Street, 2nd Floor, Kansas City, Missouri 64108
     -----------------------------------------------------------------------
              (Address of principal executive offices and zip code)

                                 (816) 842-3835
               --------------------------------------------------
              (Registrant's telephone number, including area code)

           ----------------------------------------------------------
          (Former name or former address, if changed since last report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_| Written communications  pursuant to Rule 425 under the Securities Act (17 CF
230.425)

|_| Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Principal  Officers;  Election of Directors;
Appointment of Principal Officers

On September 20, 2006, Alternative Energy Sources, Inc. (the "Registrant") hired
former Archer Daniels Midland ("ADM")  executive,  Dr. John A. Ward, to serve as
Executive  Vice-President and Director of Operations pursuant to the terms of an
employment agreement executed between the Registrant and Dr. Ward.

Dr. Ward brings over 29 years of engineering  and managerial  experience in food
and fine chemicals processing.  Before joining Alternative Energy Sources, Inc.,
Dr. Ward served as ADM's  vice-president  and Director of Group  Operations  for
Corn Products and Bio-Products  based at the company's  headquarters in Decatur,
Illinois.

Dr.  Ward began his  professional  career with Pfizer  Chemical  Corporation  in
Ireland in 1977. Rising steadily through the ranks of engineering and production
management, Dr. Ward was named Director of Production-Chemicals in 1990. In 1991
he left Pfizer following an acquisition and joined Archer Daniels Midland.

Dr. Ward first served as ADM's Director of Production for a Citric Acid facility
in Ringaskiddy, Cork, Ireland. Within four years he was named Managing Director.
Faced with  increasing  global  competition  and  declining  margins,  Dr.  Ward
instituted  numerous yield,  energy and labor optimization  projects to pull the
plant through this difficult period.

By March,  1999,  Dr. Ward was named General  Manager of Citric Acid  Operations
with  responsibility  for ADM's  American and Irish  citric acid plants.  A year
later he became vice-president,  Fermentation Products Manufacturing, overseeing
ADM's bio-products complex in the United States as well as citric acid plants in
both North  Carolina  and  Ireland.  Responsible  for an  intense  manufacturing
environment with multiple plants, Dr. Ward achieved significant  improvements in
safety, efficiency (particularly energy usage) and plant capacity.

In 2001 Mr. Ward became  vice-president  and  Director of Group  Operations-Corn
Processing  and  Bio-Products  for ADM.  Over the past five years he had led the
corporate  manufacturing and engineering teams and assumed responsibility for 16
manufacturing  facilities;  among them, major Midwestern corn processing  plants
incorporating the largest ethanol,  corn sweetener and bio-products  capacity in
the world.

Dr. Ward has  achieved  multi-million  dollar  reductions  in  operating  costs,
successfully  integrated  two major plants into ADM  following  an  acquisition,
implemented  both  an  in-house,  ISO-based  quality  management  system  and  a
multi-million  dollar  environmental  compliance  program,  and greatly  reduced
recordable  injuries by creating a "safety  culture," where safety was the first
consideration among all groups and in all work areas - design,  construction and
plant  operations.  Also  under  his  direction,  operational  methods  and step
capacity  adjustments  led  to  significant   increases  in  overall  ADM  plant
capacities - as much as a 50% improvement, in one case.

A native of Ireland,  Dr.  Ward  earned  both a Bachelor of Science  degree with
Honors in Chemical  Engineering and a Ph.D. in Industrial  Chemistry from Queens
University in Belfast, Northern Ireland.
Dr. Ward's employment agreement is for a four year term, providing for an annual
base salary of $180,000,  with an  opportunity to increase the base salary up to
$260,000 upon the occurrence of certain  events,  and an annual bonus subject to
the  Company  achieving  its  target  performance  levels  as  approved  by  the
Compensation  Committee  of the Board.  Dr. Ward is also  entitled to receive an
option grant of 400,000 shares from the Company's 2006 Stock Option Plan, 25% of
which shall be  exercisable on the first  anniversary  of the grant,  25% of the
option shall be vested and become  exercisable on the second  anniversary of the
grant,  25% of the option  shall be vested and become  exercisable  on the third
anniversary  of the grant,  and the  remaining 25% of the option shall be vested
and become  exercisable  on the fourth  anniversary  of the grant of the option.
Under the agreement, Dr. Ward will be subject to traditional non-competition and
employee  non-solicitation  restrictions while he is employed by the Company and
for one  year  thereafter.  Dr.  Ward and his  dependents  will be  entitled  to
participate in the Company's benefit plans at the Company's expense.  Subject to
certain  notice  requirements,  Dr.  Ward  will be  entitled  to  terminate  the
employment  agreement  at  any  time.  If Dr.  Ward  terminates  the  employment
agreement  for a Good  Reason (as  defined in the  agreement),  then Dr. Ward is
entitled  to  receive  his  base  salary  and   guaranteed   bonus   during  the
then-remaining  term of the agreement plus a one time severance payment equal to
his  then-current  annual base salary,  as well as continuation at the Company's
expense of Dr. Ward participation in the benefit programs described above.

The  foregoing  description  of the  employment  agreement  is  qualified in its
entirety by  reference  to the  employment  agreement  attached to this  Current
Report on Form 8-K as Exhibit  10.1 and  incorporated  herein by  reference.  In
addition,  a copy of the press  release  announcing  Dr. Ward's hire is attached
hereto as Exhibit 99.1

There are no family relationships among Registrant's executive officers.

Item 9.01  Financial Statements and Exhibits.

(d)  Exhibits

The following  exhibits are furnished in accordance  with the provisions of Item
601 of Regulation S-B:

-----------    -----------------------------------------------------------------
Exhibit No.    Description
-----------    -----------------------------------------------------------------
10.1           Employment Agreement dated September 20, 2006
-----------    -----------------------------------------------------------------
99.1           Press Release dated September 14, 2006
-----------    -----------------------------------------------------------------
SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

Dated: September 25, 2006               ALTERNATIVE ENERGY SOURCES, INC.

                                        By: /s/ Mark Beemer
                                           -------------------------------------
                                        Name: Mark Beemer
                                        Title: Chief Executive Officer
Exhibit Index

-----------    -----------------------------------------------------------------
Exhibit No.    Description
-----------    -----------------------------------------------------------------
10.1           Employment Agreement dated September 20, 2006
-----------    -----------------------------------------------------------------
99.1           Press Release dated September 14, 2006
-----------    -----------------------------------------------------------------