BOISE, Idaho, Oct. 11, 2010 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. (OTCQB:AEHI) () today announced that its Green World Water™ () subsidiary has opened an office in Lagos, Nigeria, to market nuclear-powered desalination reactors throughout West Africa. Green World Water's product supplier is China National Nuclear Corporation, the largest state owned nuclear company in China.
According to Don Gillispie, AEHI CEO, "The new office will be managed by Tim Akano, who is currently managing director for New Horizons Nigeria, a New Horizons World-Wide franchise in Nigeria, West Africa. Mr. Akano plans to introduce this technology to the Nigerian President among other government officials in West Africa.
Gillispie explained that Green World Water's goal in Nigeria and throughout West Africa will be to provide reliable electricity and clean water to the populace. "President Jonathan Goodluck's Nigerian administration has stated its determination to implement nuclear power," said Gillispie. "This is also in line with the thinking of the nation's Atomic Energy Commission (NAEC). NAEC Director General, Dr. Erepamo Osasai has a ten-year plan to generate 1000 megawatts of electricity into Nigeria's grid ( The Guardian newspaper 6)."
UNICEF reports that more than 70 million Nigerians do not have access to clean water. Nearly 100 million people have no latrines or toilets. The lack of proper sanitation means that waterborne diseases like typhoid, guinea worm, cholera, malaria, and diarrhea can easily spread ().
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 (). 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: Crescendo Communications, LLC Investor Relations Firm: David K. Waldman John Quirk (212) 671-1020 email@example.com Alternate Energy Holdings, Inc. Media: Dan Hamilton (208) 914-8894