updated 10/25/2010 10:16:12 AM ET 2010-10-25T14:16:12

BOISE, Idaho, Oct. 25, 2010 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. (OTCQB:AEHI) (www.aehipower.com), which develops and markets innovative clean energy sources, is "positioned to be a successful emerging growth company because after the November elections, the next U.S. Congress, newly-elected governors and state legislatures are predicted to be more favorable to helping the U.S. nuclear power sector grow, ushering in a new pro-nuclear power era. The global scarcity of water and energy is another reason why AEHI will certainly prosper and prove to be a winner in the years ahead," stated Larry Oakley, Editor and Publisher of WallStreetCorner.com (www.WallStreetCorner.com) in a special situation column, "Larry Oakley's Comment," published today. The South Carolina-based international investment newsletter is distributed to investors in 96 countries.

"AEHI, based in Boise, Idaho, is the nation's only independent nuclear power plant developer seeking to build new power plants in non-nuclear states. The company's plans bode well for the nuclear power industry. Our government has become quite favorable to expansion of nuclear energy. With the November elections coming soon, both Republicans and Democrats in the House and the Senate want to put forth their approval of power from nuclear plants. I see a rather strong shift to nuclear power. There has also been a new wave of investor interest in companies associated with nuclear power. AEHI, in my opinion, will profit greatly from the present awareness of the advantages of nuclear energy," stated Oakley.

On a global basis, Oakley discussed the company's Green World Water™ subsidiary ( www.GreenWorld-h2o.com ), which is marketing the world's first large commercial nuclear desalination reactor produced in China that have the ability to create large amounts of clean water and power simultaneously to meet the needs of entire communities. He cited a recent UN report indicating that shortages are already beginning to slow economic growth everywhere from California and China to Australia and India.

Oakley noted that AEHI's CEO Don Gillispie views the global crisis as "bringing opportunities for companies like AEHI. The innovation and ingenuity of the private sector can solve this looming global problem -- and make money for investors." 

Regarding the company's shares, Oakley stated: "I was really upset when I saw the illegal shorting of AEHI shares incited by lies in a publication. One of my greatest concerns is the hateful things some shorters engage in to artificially make a stock's share price go down so they can make more money when they cover their shorts. Fortunately, a highly respected news source, Pinnacle Digest ( www.pinnacledigest.com ), came to the rescue." In his column, Mr. Oakley provided excerpts of Pinnacle's investigative report on AEHI, which takes a very strong and positive position about the future of AEHI. As examples:

  • "To be frank, we've never come across a public company of its kind. Imagine an independently-owned power producer using nuclear and renewables to offer affordable energy solutions at a time when some of our biggest producers of power are dwindling due to environmental concerns.  Because of its independence, AEHI has the potential to raise the money to build plants; they do not have to rely on rate payers, which only increase the cost of power. It's an investment opportunity we wanted to be involved with upon completing our due diligence.
  • "Our crew thoroughly investigated AEHI and every person on AEHI's Board of Directors. By the way, so has the U.S. Government (as all of these people have worked prominently in the nuclear industry) and so have many international governments; many that have an interest in the work AEHI is accomplishing with renewable energy, nuclear power, mini reactors and nuclear desalination. Just look at the pedigree of one of its management team."
  • "With over 45 years of experience in construction, operations and maintenance of nuclear power plants, AEHI's CEO, Don Gillispie, is someone we were willing to bet on when we invested in this company."

Oakley pointed out in his column that AEHI's nuclear power plant, to be built in Payette County, Idaho, has "the personal approval of 80 percent of the population in the area." He also noted the U.S. Nuclear Regulatory Commission has officially recognized the plant, which is expected to be operational in 2018.

"AEHI is headed for a very positive growth spurt. The company [plans to] build the first independent nuclear plant -- the rest have all been built and operated by utilities, which are regulated [by state utility commissions regarding cost of power]. An independent nuclear plant of say 3,000 megawatts capacity, like the one planned by AEHI, would not be regulated. AEHI's plant might well have annual pretax profits in the $3 to $4 billion range. Multiply that by future additional plants and the numbers get interesting."

Note: The views expressed by Mr. Oakley are his own and he has never received any compensation from AEHI.

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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