AEHI Hires Director to Oversee Payette, Idaho Nuclear Project


BOISE, Idaho, Oct. 5, 2011 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. (Pink Sheets:AEHI) (www.aehipower.com) today announced the hiring of J. Peter Honeysett as Director of Nuclear Projects, a newly-created position focused on directing the Payette, Idaho nuclear project and others as they relate to nuclear energy.

A 29-year veteran of the nuclear industry, Honeysett spent his career with Florida Power and Light working in operations at the St. Lucie Nuclear Power Plant in Port St. Lucie, Florida. As a senior licensed operator he has been involved in all aspect of plant operations throughout his career including the responsibility of overseeing operations of both nuclear reactors at St. Lucie.

"Pete will be a critical component to the AEHI team as we move the company forward on a variety of levels. His expertise will prove most critical especially on our nuclear power project in Payette County, Idaho, now that we contracted with ENERCON to accomplish the federal application process following our rezone approval by Payette County Commissioners. He will also be invaluable in our efforts that relate to Green World Water as we continue our negotiations to sell nuclear desalination systems around the globe," said Don Gillispie, AEHI CEO.

"I have been following AEHI for the past five years and quickly recognized the company as one of the most innovative and forward-thinking nuclear companies in the world. AEHI is still small, but I believe its CEO and Board of Directors are among some of the most influential minds in the nuclear industry, and it is for these reasons that I chose to join the team. I want to help this company grow and succeed and I am very excited to be a part of it," said Honeysett.

About Alternate Energy Holdings, Inc. (http://www.aehipower.com) -- Alternate Energy Holdings develops and markets innovative carbon-free energy sources. The company is the nation's only publicly traded independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states; Idaho Energy Complex is the lead project and has local approval to move forward. Other business units include Energy Neutral(R), which reduces energy demands for homes and businesses (http://www.energyneutralinc.com) and Green World Water(TM), which assists developing countries with nuclear reactors for production of potable water, power generation and other suitable applications (http://www.greenworld-h2o.com).

The Alternate Energy Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8058

Safe Harbor Statement: Statements in this press release which are not purely historical, including statements regarding Alternative Energy Holdings', intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. As such, they are subject to risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements. Risks include possible delays of the COLA process, denial of COLA application and insufficient capital to pay costs and expenses incurred during the COLA. You should also carefully review the reports that we file with the SEC. We assume no obligation, and do not intend, to update these forward-looking statements, except as required by law.


            

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