AEHI Is the Only Publicly Traded Company Proposing a Free Market Advanced Nuclear Generating Company for US
On Monday March 30, 2009, 9:15 am EDT
BOISE, ID--(MARKET WIRE)--Mar 30, 2009 -- Alternate Energy Holdings, Inc. (Other OTC:AEHI.PK - News): The Idaho Energy Complex, an advanced nuclear plant, is the only proposed pure nuclear generating company in the US and possibly in the world that is investor owned and publicly traded by AEHI. AEHI is the only public company to have proposed any new nuclear power plants west of the Rockies. Most who operate nuclear plants are regulated utilities unable to benefit from the free market thus the significant profitably of these electricity generators. So, when you purchase a US nuclear utility stock you are also investing in coal, natural gas, hydro plants and other non-energy ventures.
AEHI is working with the Mexican government to construct a proposed advanced nuclear reactor for electricity and desalination of sea water into potable water for the southwestern US. The company has an MOU for land-water for an advanced nuclear reactor site plus joint venture on solar at the Colorado Energy Park near Pueblo, CO. Also, the company is in early discussions regarding supplying a reactor for electricity and to remove oil from Tar Sands in Alberta, Canada. Another AEHI holding is Energy Neutral which uses technology and renewables to virtually eliminate energy bills for homes, businesses and farms, and is beginning to do business in Arizona, Colorado and Idaho.
The company has arrangements in several Asian countries, including China and Korea to obtain funding and strategic partners for its projects.
About Alternate Energy Holdings, Inc. (www.alternateenergyholdings.com)
Alternate Energy Holdings develops and markets innovative clean energy sources. Current projects include the Idaho Energy Complex (www.idahoenergycomplex.com), an advanced nuclear plant and bio-fuel generation facility, energy-neutral home and business technology (www.energyneutralinc.com), Colorado Energy Park and International Reactors, Inc., which assists developing countries with nuclear reactors for power generation, production of potable water and other suitable applications.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34,which are intended to be covered by the safe harbors created thereby. Although AEHI believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate.
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