updated 12/1/2010 9:15:50 PM ET 2010-12-02T02:15:50

WASHINGTON, Dec. 1, 2010 (GLOBE NEWSWIRE) -- Former Speaker of the House and General Chairman of American Solutions, Newt Gingrich, recently honored AEHI CEO Donald Gillispie, as American Solutions' 2010 @Businessman of the Year. Speaker Gingrich recognized Donald Gillispie at the American Solutions Election Night Dinner on November 2nd at The Ronald Reagan Building in Washington, D.C.

"Led by leaders like Donald Gillispie, who has succeeded in the face of adversity and economic turmoil, our victory on November 2nd was just the start to what will prove to be an historic Conservative movement to reject the left and provide common sense Center-Right Leadership."

According to American Solutions, as the economy spiraled into recession, President Obama and the Democrats in Congress offered no solutions for almost two years.  Instead, they introduced one job killing bill after another, forced unpopular and corrupt socialized health-care reform through Congress, and have refused to take any responsibility whatsoever for their inaction, deciding instead to blame others for their failures.  Donald Gillispie, on the other hand, has taken these challenges head on and managed to survive - and even succeed - in an extremely hostile and uncertain economic environment.

About American Solutions -- American Solutions is a tri-partisan citizen action network of over 1.5 Million members. Its goal is to create the next generation of solutions that will ensure that the United States remains the safest, freest, and most prosperous country in the world. Its General Chairman is Speaker Newt Gingrich.  For more information, visit www.AmericanSolutions.com.

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. (OTCQB:AEHI) ( 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.

CONTACT:  Alternate Energy Holdings, Inc.
          Media:
          Dan Hamilton
          (208)939-9311
         
          American Solutions for Winning the Future
          R.C. Hammond
          (202) 379-3242
          rchammond@americansolutions.com
          1425 K Street NW Suite 750
          Washington, D.C. 20005

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