updated 9/3/2010 5:45:26 AM ET 2010-09-03T09:45:26

BOISE, Idaho, Sept. 2, 2010 (GLOBE NEWSWIRE) -- The Payette Chamber of Commerce today announced its official endorsement of Alternate Energy Holdings, Inc. (OTCQB:AEHI) and the company's plan to build a nuclear power plant in Payette County, Idaho.

Over the past year the Chamber and its members have become keenly aware of AEHI and of how the company's endeavors will enhance and improve business and job opportunities in Payette County.

"Nuclear power has proven itself as one of the safest, cleanest and most reliable sources of energy in the world. It is also a tremendous source for jobs, something we desperately need in Payette County. Our unemployment rate currently surpasses the state average and AEHI's proposal would bring thousands of new jobs into our community – high paying positions that will increase employment opportunities even outside the power plant," said Shelley Creson, Executive Director of the Payette Chamber of Commerce.

"A business like AEHI is exactly what we need in Payette and by extension Payette County.  It is the same reason I put my support behind this company.  In my opinion, AEHI's leadership is steeped in nuclear power, with people who spent their entire careers in the nuclear industry.  They have built and maintained power plants around the nation and I look forward to them bringing that same success to our community.  As they succeed, so will our county and the people who live in it," said Jeff Williams, Chamber member and Mayor of Payette.

The Chamber and its members are confident in AEHI's success and look forward to the local approval process, which the Chamber believes will result in a positive result for the company, its shareholders and the people who live in Payette County.

AEHI joined the Payette Chamber of Commerce in early 2010 and has remained an active member since that time.

About Alternate Energy Holdings, Inc. (http://www.AlternateEnergyHoldings.com) -- Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation's only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. Other projects include Energy Neutral(TM), which removes energy demands from homes and businesses (http://www.EnergyNeutralinc.com) Colorado Energy Park (nuclear and solar generation), and Green World Water(TM), which assists developing countries with nuclear reactors for power generation (http://www.GreenWorld-H2O.com), production of potable water and other suitable applications. AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power. 

Safe Harbor Statement: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "believe," "expect," "anticipate," "project," "target," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events, including our ability to list on a national securities exchange. These statements are based on the beliefs of our management as well as assumptions made by and information currently available to us and reflect our current view concerning future events. As such, they are subject to risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: our significant operating losses; our limited operating history; uncertainty of capital resources; the speculative nature of our business; our ability to successfully implement new strategies; present and possible future governmental regulations; operating hazards; competition; the loss of key personnel; any of the factors in the "Risk Factors" section of our Annual Report on Form 10-K for the most recently completed fiscal year; and any statements of assumptions underlying any of the foregoing. You should also carefully review the reports that we file with the SEC. We assume no obligation, and do not intend, to update these forward-looking statements, except as required by law.

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