NEW YORK, May 11, 2007 (PRIME NEWSWIRE) -- Wall Street Reporter Magazine has just published exclusive interviews with executives from Aegis Industries Inc. (OTCBB:AGIN) and Alternate Energy Holdings Inc. (Pink Sheets:AEHI) outlining how those companies -- each in its focused way -- are tackling 21st-century issues of security and renewable energy.
Both interviews are now available at www.wallstreetreporter.com in streaming audio, MP3, and text format -- all free of charge.
In an increasingly dangerous world, Brendan Reilly, incoming CEO of Aegis Industries Inc. (OTCBB:AGIN), and Paul Evancoe, the company's president, tell Wall Street Reporter senior analyst Matt Schilling that their unique mix of communications and non-lethal disarmament technologies meet a "tremendous" need for "total solutions to the first responder, the military, the police, and the critical incident responder on a global basis."
During the exclusive WSR interview, the Aegis executives discussed several topics in extensive detail, including:
-- The broadening footprint of Aegis as an emerging security conglomerate in the wake of the merger between its predecessor organizations, Aegis Armor and communications company Z5 Technologies.
-- Progress toward commercializing Aegis' innovative non-lethal stunning technology for law enforcement. "Its effects on the central nervous system cause a true shutdown of the part that controls your arms, legs, speech, and so forth," Mr. Evancoe says. "We are devising several different means to deliver that technology to the target."
-- The company's infrastructure-independent communications solution NOMAD, which relies on field-deployable satellite and thus can establish full-spectrum network connectivity anywhere on the fly. "The product is being used by humanitarian groups in Iraq in order to aid their efforts in remote locations," Mr. Reilly says. "NOMADs are currently deployed by the U.S. Air Force in response to downed military aircraft, and the NOMAD has been recently deployed in the last Super Bowl."
-- The prospect of continued M&A in order to provide an increasingly-comprehensive suite of security solutions to a wide range of organizations forced to confront disruptive events with an increased eye toward less-than-lethal tactics.
Veteran energy executives formed Alternate Energy Holdings Inc. (Pink Sheets:AEHI) to help incubate technologies that collectively address society's dependence on fossil fuels, says Donald Gillispie, the company's president.
"We decided to do so when we thought about the energy issue going on, about energy prices going up, particularly money being sent to the people who wanted to do harm to us and the fact that the global warming issue was coming onto the radar screen," Mr. Gillispie tells WSR's Matt Schilling. "Alternative energy is here to stay."
In particular, Mr. Gillispie updated the Wall Street Reporter audience on the following topics:
-- His company's progress toward building the Idaho Energy Complex, a nuclear power plant which would be the nation's only unregulated nuclear generation facility as well as a significant producer of ethanol and methane.
-- A portfolio technology that helps reduce carbon emissions from coal and gas-burning plants, in turn helping their operators meet increasingly-stringent regulatory requirements in a less expensive fashion.
-- An additional technology for converting lightning into grid-ready electricity that could become "very useful" in less built-up areas. "There is a portable version available," Mr. Gillispie says. "You can drive it around on a tractor trailer truck; it produces a small amount of power. And there's a larger, permanent version."
-- The profound industry experience of the core management team. "We think that we can help some of these smaller start-up companies," he says. "If you started an organization like ours and tried to go out and actually hire people like we have, you would have a multi-million-dollar tab just for the salaries alone."
"The recent Supreme Court ruling giving the EPA rights to regulate CO2 will cause a heavy blow to fossil fuel plants," he tells Wall Street Reporter. "The world oil situation will make all alternative energy attractive, particularly in terms of ethanol and other similar products."
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About Aegis Industries Inc.
The company intends to focus on the implementation of its business plan concentrating on developing Aegis as a company, which is in the business of designing, developing and manufacturing intermediate force options for the military, law enforcement, security and consumer markets throughout the world.
About Alternate Energy Holdings Inc.
Alternate Energy Holdings, Inc (AEHI) is a unique corporation founded by former senior executives in the utility and finance industries specifically to address the mounting "energy crisis" affecting the US economy and standard of living today. A key objective for AEHI is decreasing US dependence on foreign sources of power, which are progressively proving less reliable and more political in their influence. AEHI's primary initiative is the purchase and optimization of a currently struggling nuclear power plant in the nation's Sunbelt region. After implementing the necessary improvements to maximize the purchased plant's profit margins, AEHI plans to construct an additional nuclear power generating unit on the site of the original plant. A secondary option exists to capitalize on the offer of a small western utility of a designated site for the construction of a new plant. Depending on the impending negotiations for current plant purchase, as well the economic outlook for utilities' construction, AEHI will seriously consider both alternatives and proceed firstly with the more favorable. We will continue to look for opportunities for expansion through the purchase of additional sources of eco-efficient power, as well. Resultantly, through the ownership of existing power generation sources, AEHI will assist in expediting the regulatory approval for its construction of new energy sources across the U.S. Sunbelt. AEHI will be the first nuclear generating company in the U.S. and will easily outperform large nuclear and fossil type utilities with their inherent bureaucracy. Immediate cashflow will be realized upon plant purchase due to an established consumer base through a power purchase agreement. The recent Nuclear Provisions H.R. 6 Energy Policy Act of 2005 has created an ideal market atmosphere for the development of new plants. AEHI will be at the forefront of this opportunity by building an additional unit at its operating plant or constructing a new plant.
Forward-Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.