updated 9/28/2010 10:46:12 AM ET 2010-09-28T14:46:12

BOISE, Idaho, Sept. 28, 2010 (GLOBE NEWSWIRE) -- Don Gillispie, CEO of Idaho-based Alternate Energy Holdings, Inc. (OTCBB:AEHI) (www.aehipower.com), has offered his company's commercial nuclear desalination systems to help Pakistan's flood victims at cost. In a letter to Pakistan President Asif Ali Zardari and Prime Minister Yousaf Raza Gillani, Gillispie stated that Green World Water (www.greenworld-h2o.com), an AEHI subsidiary that specializes in nuclear desalination systems, could assist in providing clean fresh water to the Pakistani flood victims.

Gillispie was later contacted by Mr. Zahid Chaudhri, the Head of Chancellery, at the Pakistan Embassy to discuss the initial details concerning the AEHI offer, which Gillispie says would create long-term solutions to clean water and energy in Pakistan.

"To show our dedication to Pakistan's rebirth we would like to offer a reduced price on our services," Gillispie's letter stated. Green World Water assists developing countries with nuclear reactors for the production of potable water and power generation. A copy of the AEHI letter was also sent to the U.S. Ambassador in Pakistan.

Gillispie's letter comes on the heels of news from the International aid agency Oxfam ( http://www.oxfam.org.uk ) that warns of a public health catastrophe in flood-ravaged Pakistan. Oxfam recently stated that the number of cases from acute diarrhea, skin diseases, acute respiratory infections and suspected malaria due to the clean water crisis have more than tripled. The aid agency also stated that just 30 percent of the money needed for water has been received from the United Nations.

In his letter Gillispie stated, "We can also offer unmatched financing options that will help Pakistan replace what has been taken, while creating a foundation for future success in government, industry and the people who rely on Pakistan for power and clean water."

The products and financing options are made available through AEHI's partnership with China National Nuclear Corporation (CNNC).

"We feel a responsibility to global health and more specifically to the Pakistani people suffering during this turbulent time," Gillispie wrote. "We would humbly request the opportunity to make a difference in Pakistan – creating a future focused on clean water and abundant energy for your country."

About Alternate Energy Holdings, Inc. (http://www.aehipower.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.  

The Alternate Energy Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8058

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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