updated 11/29/2010 11:46:33 AM ET 2010-11-29T16:46:33

BOISE, Idaho, Nov. 29, 2010 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. (OTCBB:AEHI)(www.aehipower.com) today announced AEHI CEO Don Gillispie accepted the post as Honorary Director of Staff of the 366th Fighter Wing at Mountain Home Air Force Base, a position previously held by Idaho Attorney General Lawrence Wasden.

This is part of a two-year program, which honors a specific group of community leaders as Honorary Commanders.

Mr. Gillispie has become well known in the community for his continuing efforts to build a new nuclear power plant in Payette County, Idaho.

"This is a great honor for me as a businessman in the community and as a veteran. Taking part in supporting our military whether they be on land, sea, or air has always been one of my highest priorities," said Gillispie.

The Honorary Commander program is designed to increase the understanding of the 366th Fighter Wing and Air Force missions by pairing community leaders with the wing's leaders to forge new relationships.

During the two-year term Honorary Commanders participate in creative and unique events to learn the specifics of the wing mission. They learn how Gunfighters apply airpower to dominate the skies, maintain a multi-billion dollar aircraft fleet, provide top-notch healthcare for thousands of Airmen, their families and retirees, and how all the support functions on base tie together to make this daily way of life a reality.

About Don Gillispie -- A 45-year veteran of the nuclear industry, Don Gillispie was involved in the construction and operation of a number of nuclear reactors and helped start the Institute of Nuclear Power Operations (INPO). His real interest in nuclear power began in the military. He completed the Navy Nuclear Power School, became a nuclear operator and served aboard the SSBN Francis Scott Key. He is now CEO of Alternate Energy Holdings, Inc. in Eagle, Idaho.

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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