updated 12/17/2010 2:15:53 PM ET 2010-12-17T19:15:53

DENVER, Dec. 17, 2010 (GLOBE NEWSWIRE) -- The Denver-based law firm of Dyer & Berens LLP ( www.dyerberens.com ) announced today that it is investigating potential securities law claims on behalf of Alternate Energy Holdings Inc. (Pink Sheets:AEHI) investors, including those investors who purchased pursuant to private placement memoranda. On December 16, 2010, the SEC charged the company's top officers with fraudulently raising funds for a $10 billion nuclear power project. The SEC is seeking an emergency court order to freeze the assets of the company and the two executives. 

Dyer & Berens LLP believes that certain large investors may have very strong legal claims that may not be properly asserted in a class action lawsuit. Therefore, the firm is preparing a non-class lawsuit which will assert these claims on behalf of a small number of large investors. If you are a large Alternate Energy Holdings Inc. investor that is interested in participating in an individual lawsuit (as opposed to a class action), or have information relevant to the investigation, you may contact Jeffrey A. Berens, Esq. at (888) 300-3362 x302 or via email at jeff@dyerberens.com.

Dyer & Berens LLP has significant expertise in prosecuting both individual and class investor actions. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors.  For more information about the firm, please go to www.DyerBerens.com .

CONTACT:  Dyer & Berens LLP
          Jeffrey A. Berens
          (888) 300-3362 x302
          (303) 861-1764
          jeff@dyerberens.com
          www.DyerBerens.com
          303 East 17th Avenue, Suite 300
          Denver, CO  80203

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