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Alternate Energy Holdings, Inc. CEO Makes Case for Nuclear Power

/ Source: GlobeNewswire

BOISE, Idaho, Aug. 31, 2010 (GLOBE NEWSWIRE) -- The tragic Deepwater Horizon oil spill is yet another reminder of the toll Americans pay for their energy. Coal kills miners and pollutes streams and the air. Oil production can be dangerous, while Americans' dependence on foreign petroleum sends billions of dollars a year to other countries. Similarly, natural gas production and hydraulic fracturing ("fracking") have raised concern about contaminating local water supplies with toxic chemicals.

But there's one energy source that's safe, clean and homegrown, argues Don Gillispie, CEO of Eagle, Idaho-based Alternate Energy Holdings, Inc. (OTCQB:AEHI) (), the nation's only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. That source: NUCLEAR POWER. "For more than three decades, nuclear power plants have produced about 20% of America's electrical power safely, cost-effectively and securely, without incident," Gillispie said.

Gillispie acknowledges there's a perception that nuclear power plants are catastrophes waiting to happen. But that perception is not supported by the facts. "America's nuclear energy industry has achieved a positive safety record with no deaths or injuries from radiation in its history, including the Three Mile Island incident," he said. "Worker safety in nuclear plants stands heads and shoulders above any other U.S. industrial sector, as measured by lost-time accidents."

The AEHI CEO pointed out that one primary reason why America's nuclear energy sector has such a stellar record is that after Three Mile Island, the industry established its own organization, the Institute of Nuclear Power Operation (), to evaluate nuclear power plants, train workers, and achieve high levels of safety and reliability.

Gillispie, a founding member of INPO, stated "INPO's industry peer review, nuclear best practice communication, sharing of operating experience and safety drills at each of the 104 U.S. nuclear power plants makes the civilian nuclear electric power industry the safest industry in America."

"America still is the largest producer of nuclear power," stated Gillispie, "with about 31% of the total worldwide nuclear generation. And with all of the political pressures to legislate so-called green environmental standards, more and more nations are now considering nuclear power as a safe alternative energy source. The future is bright for nuclear power."

About Alternate Energy Holdings, Inc. () -- 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 (), Colorado Energy Park (nuclear and solar generation), and Green World Water(TM), which assists developing countries with nuclear reactors for power generation (), 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.

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: Crescendo Communications, LLC Investor Relations Firm: David K. Waldman John J. Quirk (212) 671-1020 Alternate Energy Holdings, Inc. Media: Dan Hamilton (208) 914-8894