Investment Partners Asset Management Intends to Vote For Managers in Constellation Energy Partners' Proxy

Investment Partners Asset Management Intends to Vote For Managers in
Constellation Energy Partners' Proxy

METUCHEN, N.J., Nov. 19, 2013 (GLOBE NEWSWIRE) -- Investment Partners Asset
Management announced today that, in the accounts for which it has voting
authority, it intends to vote FOR the nomination for election of the following
managers of Constellation Energy Partners LLC (NYSE:CEP).

Richard H. Langdon – Independent Manager

Richard H. Bachmann – Independent Manager

Alan S. Bigman – Independent Manager Nominee

Investment Partners Asset Management continues to feel that pursuit of the
traditional Master Limited Partnership (MLP) model is critical to unlock
unitholder value and cashflow production for investors. In connection with
this matter, Gregg Abella of Investment Partners Asset Management stated:
"Through its initiatives in the past year, the Company seems to have
demonstrated its commitment to exploiting the benefits of the MLP
structure.We are hopeful that these strategies will ultimately make it
possible for CEP to resume its primary objective of paying distributions to
investors. Other investors should follow their conscience when voting their
proxies, but we, as fiduciaries on behalf of our clients, intend to send a
message that we remain in favor of efforts that advance the objectives of the
MLP structure."

Accounts managed by IPAM and its affiliates own approximately 1.3 million
units of Constellation Energy Partners (roughly 4.7% according to the number
of units outstanding in the Company's most recent 10Q filing).

About Investment Partners Asset Management

IPAM is an investment management firm, which adheres to a combination of value
investing, special situation participation, as well as seeking to exploit
inefficiencies created by fluctuations and volatility of securities prices to
obtain long-term investment gains. Founded in 1995, IPAM manages investments
for individuals and families, businesses, and non-profit organizations
applying their comprehensive approach balanced with research and insight. For
more information about IPAM, please visit their website at

CONTACT: Gregg T. Abella, Co-Principal
         Tel: 732-205-0391
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