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Alternate Energy Holdings Unveils New Website

/ Source: GlobeNewswire

BOISE, Idaho, Oct. 19, 2010 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. (OTCQB:AEHI), an Eagle-based company with ambitious plans for new nuclear power plants, nuclear desalination systems and Energy Neutral™ homes, has launched a comprehensive new website ().

"We believe we have a great story for customers, investors and anyone interested in energy," says AEHI CEO Don Gillispie. "Our new website enables us to do a better job telling that story."

The main message: The best source of power for tomorrow's world is the power than comes from the atom. "Compared to everything else, nuclear is the clear winner," Gillispie explains in an editorial on the new website. "Not only do nuclear plants produce safe, clean and inexpensive electricity, they are also a solution to another one of the world's problems—clean water—because they are the best source of power for desalination plants."

The website also explains why AEHI is one of the leaders in the expected nuclear renaissance. Many big utilities are holding back because of worries about the cost of new nuclear plants. But Gillispie and AEHI present compelling data showing that high price tags are a myth. "Nuclear power is a bargain compared to wind and solar, and it even beats new coal, our current baseload source in the U.S.," says Gillispie, a 45-year veteran of the nuclear industry.

That's why AEHI is forging ahead with plans to build two large nuclear plants in Payette County, Idaho. A video on the website offers a tour of the site, along with information about the many jobs created and the revenue the company expects. "This project will prove to the country—and to our investors—that building new nuclear plants is a good business to be in," Gillispie says.

Investors and customers can also learn the details of other AEHI's projects. The company is working on plans with Hyperion Power (), a startup spun out of Los Alamos National Laboratory, to build and market mini nuclear reactors that are small enough to be used in a ship and powerful enough to supply electricity to a small city. AEHI's Green World Water (TM) () subsidiary is marketing nuclear powered desalination plants supplied by China National Nuclear Corporation with a new office in Nigeria and interest from many countries. And visitors to the website can take a video tour of the home that makes its own energy built by AEHI's Energy Neutral™ () subsidiary.

Want to know more? The website offers blogs and a forum for discussion, as well as way to directly contact the company. "Please visit the site," Gillispie says. "I think you'll be impressed by the story we have to tell."

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.

The Alternate Energy Holdings, Inc. logo is available at

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