BOISE, Idaho, May 6, 2010 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. (OTCBB:AEHI) today announced it has retained leading national law firm Pillsbury Winthrop Shaw Pittman LLP to serve as primary corporate and securities counsel.
"We are extremely pleased to be working with Pillsbury, which has long been known for its rich experience advising and nurturing emerging companies particularly in the technology sector including clean technology," said Don Gillispie, AEHI Chairman and CEO. "The law firm is also top-ranked by 2011 Chambers Global as a leading energy and energy finance advisor for its nuclear power capabilities and depth of experience serving the full energy spectrum. We believe that Pillsbury has the necessary experience and superior understanding of our business model and mission to help us meet our goals particularly as we expand internationally."
AEHI recently announced an extensive deal with China-based Dalian Shipbuilding & Manufacturing and will soon expand partnerships with Chinese organizations to build desalinization plants globally to provide clean, affordable, potable water to emerging and industrial nations.
AEHI has also witnessed tremendous success in the United States. Last week, the Company achieved the first stage in local approval to build a nuclear power plant in Payette County, Idaho. That success has created additional interest from a second site in which officials are pushing through similar measures to bring AEHI to Elmore County, Idaho. In nearby Ada County, AEHI, through its subsidiary Energy Neutral™, just finished building a model home using renewables that produces more power than it consumes.
Pillsbury Corporate & Securities partner Louis A. Bevilacqua, who regularly counsels both emerging and middle market public companies, will lead the legal team representing AEHI.
About Alternate Energy Holdings, Inc. (http://www.alternateenergyholdings.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. Other projects include Energy Neutral, which removes energy demands from homes and businesses (http://www.energyneutralinc.com/), Colorado Energy Park (nuclear and solar generation), and International Reactors, 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. AEHI Korea, Seoul, is encouraging Korea to export their APR 1400 reactor into the U.S. and achieve NRC design certification.
"Safe Harbor" Statement: 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. As a result, investors should not place undue reliance on these forward-looking statements.