Alternate Energy Holdings, Inc. Provides Financial Update and Key Business Successes

Quote: 17, 2010 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. www.aehipower.com) today provided a business update in conjunction with the filing of the company's quarterly 10-Q report."We are very confident that we are near the end of the rezone process, which we expect could be finished as early as December or January. And we now have the financing in place to begin acquiring land, water and federal nuclear site approval once this process is complete," said Don Gillispie, AEHI CEO."I believe the support we received from mayors and chambers of commerce in Payette County echoes that of local residents, who showed upwards of 80% support for AEHI's plan to build a nuclear power plant at recent hearings. I think this speaks volumes as to where we could be in this process in just a couple months.""With the opening of an office in West Africa, AEHI subsidiary Green World Water(TM) is now positioned to begin accepting orders for nuclear desalination facilities built by China National Nuclear Corporation, in a part of world that may be the hardest hit when it comes to problems involving unsanitary water supplies."About Alternate Energy Holdings, Inc. http://www.aehipower.comhttp://www.EnergyNeutralinc.comhttp://www.GreenWorld-H2O.com), 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.http://www.globenewswire.com/newsroom/prs/?pkgid=8058Safe 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," "...
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