BOISE, Idaho, June 9, 2010 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. (OTCQB:AEHI) announced today that it has posted its investor presentation slides and synchronized audio to the Investor Roadshow website (www.InvestorRoadshow.com), an online portal for connecting investors with executives of publicly traded companies. Mr. Don Gillispie, AEHI CEO, provided a target business timeline and updates on:
- The local permitting process for the Company's proposed primary and backup nuclear reactor sites in Payette and Elmore counties in Idaho
- AEHI's Green World Water™ project and exclusive partnership with China National Nuclear Corporation to produce and market nuclear desalinization reactors
- The Company's Energy Neutral™ home, which produces more energy than it consumes
Don Gillispie, AEHI CEO, commented, "We are the only independent nuclear power plant developer in the U.S. seeking to build in non-nuclear states. Today's safe nuclear energy design provides unchallenged consistency along with some of the lowest production costs and highest capacity to support the nation's base load requirements while eliminating green house gas emissions. Support for nuclear is growing rapidly, particularly as most state regulators now prefer nuclear even to natural gas, and approximately 84% of Americans living close to nuclear power plants now support this environmentally friendly and safe option that also contributes jobs to the local community. The fact that we have now received unanimous approval from Payette County's Board of Commissioners for its comprehensive county plan change, as well as the planning and zoning approval at our backup site in Elmore County, demonstrates we have made dramatic operational progress and are well on our way to NRC review, followed by the construction phase at one or both of these sites. At each stage of the permitting and regulatory approval process, the commercial value of these sites increases substantially driving significant value creation for our shareholders."
"At the same time we are moving forward our proposed $10 billion nuclear project, we are also actively pursuing multiple near-term revenue opportunities. Among these, we recently announced an official partnership with China National Nuclear Corporation to produce and market nuclear desalinization reactors. Our Green World Water reactor design is state-of-the-art, and offers the cleanest, most efficient, and most cost-effective solution for converting salt water to drinking water. Several countries have already expressed interest in the desalinization reactor and we expect to have several of these projects underway within a year."
"Lastly, we have received significant interest from homebuyers and homebuilders in our new Energy Neutral home. This home produces more energy than it consumes, and provides the excess energy back to the grid, generating net cash flow from the public utility on a monthly basis that can be used to offset total home ownership costs. Given the current stage of permitting for our nuclear reactor sites, coupled with our near-term revenue opportunities, we are extremely encouraged by the outlook for our business."
About Investor Roadshow
Investor Roadshow brings the experience of attending a one-on-one meeting or group presentation with corporate management direct to your home or office. For qualified institutions and individual investors, a live one-on-one virtual meeting can be arranged through the site that suits investors' busy schedules, complete with Q&A. Investors can also utilize the site to request additional information from the featured companies. The proprietary Investor Roadshow technology, powered by Equisolve, seamlessly integrates with the company's own IR website.
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.