BOISE, Idaho, Aug. 16, 2010 (GLOBE NEWSWIRE) -- "Alternate Energy Holdings, Inc. (OTCQB:AEHI) (www.AlternateEnergyHoldings.com) is one of the most exciting emerging companies that I've been exposed to in the last 25 years and this situation should be part of an investor's portfolio," commented Larry Oakley, Editor & Publisher of the WallStreetCorner.com (www.WallStreetCorner.com) in his Stock Pick column published today. The South Carolina-based international investment newsletter is distributed to investors in 96 countries.
"AEHI is the first independent public company to propose building a nuclear power plant in the U.S., which gives it the ability to build without increasing power rates. AEHI's Green World Water™ subsidiary is the only commercial venture in the world building a nuclear desalination system. Because it's nuclear, the system can offer larger amounts of clean water from the ocean and power at the same time over any other source. And this can be done at a far lower price. In addition, AEHI's pending joint venture with Hyperion Power Generation, well-known for designing a small, modular reactor – about the size of a refrigerator -- can produce 25 megawatts of power, which is enough for about 20,000 households, and it's stackable," Oakley commented.
AEHI, based in Eagle, ID, develops and markets innovative clean energy sources, and is the nation's only independent public nuclear power plant developer seeking to build new power plants in non-nuclear states. The company's proposed $10 billion commercial nuclear power plant, called Idaho Energy Complex, will be constructed on a 5,300-acre parcel in Payette County, Idaho that has been officially recognized by the U.S. Nuclear Regulatory Commission (NRC). The plant is expected to be operational in 2018.
Mr. Oakley's primary criterion for making his stock pick is based on what he perceives as the stock's potential to double or better in the next six to 12 months.
Here are some other highlights from Oakley's Stock Pick column:
- "I believe that this special situation is one that will do as well as any of the really successful situations that I have followed during the past several decades. In my opinion, it could easily outperform Microsoft, Intel, & any others that you may wish to mention."
- Green World Water™, (www.GreenWorld-h2o.com) subsidiary was formed after an exclusive partnership through AEHI China with China National Nuclear Corporation (CNNC) through its subsidiary China Zhongyuan Engineering Corporation (CZEC).
- On August 12, 2010, GWW announced the signing of a Memorandum of Understanding (MOU) with Tubestar Oil and Gas, one of the oilfield inspection services in India. The MOU is the first step in the negotiation process for determining the feasibility of the company building a nuclear desalination plant to supply clean water and power in India.
- Hyperion approached AEHI to help it sell and market the reactor in China, knowing that AEHI has an unmatched reputation especially with CNNC, which is the premiere government-run nuclear company in China.
- Energy Neutral (www.energyneutralinc.com) subsidiary assists homeowners and businesses reduce energy consumption and reliance on the electrical grid by promoting responsible and affordable renewable sources of energy.
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In late July AEHI announced a purchase agreement on a new backup nuclear site; 6,000 acres adjacent to the primary site.
AEHI is also featured as a special stock pick of the month in the August issue of the KonLin Letter, an independent New York-based investment newsletter (www.konlin.com) published by KonLin Research & Analysis, in which AEHI was listed as a first target stock price at $3.50.
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(TM), which removes energy demands from homes and businesses (http://www.EnergyNeutralinc.com) Colorado Energy Park (nuclear and solar generation), and Green World Water(TM), which assists developing countries with nuclear reactors for power generation (http://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.
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