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BOISE, Idaho, March 8, 2011 (GLOBE NEWSWIRE) --
Alternate Energy Holdings, Inc. (OTCQB:AEHI)
www.aehipower.com ) announced today the Payette County Board of Commissioners rejected appeals that were filed in opposition to AEHI's plan to build a nuclear power plant in Idaho. The Board unanimously agreed Monday that previous decisions from Planning and Zoning were made correctly and therefore unanimously denied the appeals.
"I consider the decision a big win for AEHI as it confirms the company's ability to move forward with the zoning approval process needed to build a nuclear power plant in Payette County, Idaho. We are absolutely committed to this project and I think we have proven that point repeatedly despite our opponents' best efforts to stop us. We now eagerly look forward to a hearing before County Commissioners, which is needed to receive final local approval," said Don Gillispie, AEHI CEO.
AEHI is actively working through the local approval process in Payette County to build a large-scale nuclear power plant. The project is expected to employ up to 5,000 people during construction following federal approval, and more than 1,000 during operations.
A bout Alternate Energy Holdings, Inc. (
http://www.aehipower.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; Idaho Energy Complex is the lead project. Other business units include Energy Neutral(R), which reduces energy demands for homes and businesses (
http://www.energyneutralinc.com ) and Green World Water(TM), which assists developing countries with nuclear reactors for production of potable water, power generation and other suitable applications (
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: Investor Relations Firm:
Stephen D. Axelrod, CFA
Wolfe Axelrod Weinberger Associates, LLC.
317 Madison Avenue, Suite 515
New York, NY 10017
Director of Corporate Communications
Alternate Energy Holdings, Inc.
Tel: (208) 939-9311