updated 12/6/2010 3:45:43 PM ET 2010-12-06T20:45:43

BOISE, Idaho, Dec. 6, 2010 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. (OTCQB:AEHI) (www.aehipower.com) announced today that Don Gillispie, AEHI President, CEO and Chairman, was recently interviewed by CEOCFO, a print and online publication with top executive interviews and news on publicly traded and venture capital companies. The interview is available at http://www.ceocfointerviews.com/interviews/AEHI-AlternateEnergy10.htm.

In the interview, Gillispie highlighted AEHI's proposal to build an advanced nuclear power plant in Payette County, Idaho and to provide power locally and to a number of western states. Gillispie said that after securing local, state, and federal approval, the company expects to begin construction in late 2014 and operation in 2019. The project would be the first new, greenfield nuclear power plant developed in the U.S. since 1977, Gillispie said.

In addition, Gillispie said that AEHI's wholly-owned subsidiary, Green World Water, ( http://www.greenworld-h2o.com/ ) is marketing nuclear desalination reactors that produce electricity and potable water simultaneously. GWW is primarily focusing on sales to developing countries, Gillispie said.

Gillispie has over 45 years of experience in construction, operations and maintenance of nuclear power plants. He is widely considered one of the more experienced senior executives still working full time to help the United States reemerge as the world's leader in nuclear power.

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, which removes energy demands from homes and businesses (http://www.EnergyNeutralinc.com), Colorado Energy Park (nuclear and solar generation), and Green World Water, 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

About Green World Water™: The Green World Water system is the only commercially viable nuclear desalination system with the capacity, affordability and necessary safety standards to bring large amounts of clean water and power to any environment

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:  Wolfe Axelrod Weinberger Associates, LLC.
          Investor Relations Firm:
          Stephen D. Axelrod, CFA
          317 Madison Avenue, Suite 515
          New York, NY 10017 

          Alternate Energy Holdings, Inc.
          Dan Hamilton, Director of Corporate Communications
          (208) 939-9311 

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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