BOISE, ID -- (Marketwire) -- 06/10/09 -- Alternate Energy Holdings, Inc. (PINKSHEETS: AEHI): Idaho's Elmore County Commission is scheduled to vote June 15th on
AEHI's rezone request for the state's first commercial nuclear plant and
the first in the western US in more than 25 years.
"While the company is optimistic about the results due to strong public
support and that the rezone request can clearly be approved specifically
for one purpose as allowed by state law," CEO Don Gillispie says that, "the
company has a responsibility to its investors and cannot leave this matter
to local politics alone. If denied, we believe that we have a strong legal
case for appeal and the option to place the rezone on the county ballot
this fall as well. Unfortunately, today most industrial site rezone
requests must be contested to gain approval. The company has alternate
sites in Utah and Colorado."
In developing the rezone application, the company concluded Elmore County
needs low cost electricity to sustain agriculture, attract new business,
create stable jobs; and that rezoning AEHI's land would serve the best
interests of Elmore County, Idaho and the western US.
About Alternate Energy Holdings, Inc. (www.alternateenergyholdings.com)
Alternate Energy Holdings develops and markets innovative clean energy
sources. Current projects include the Idaho Energy Complex (an advanced
nuclear plant and bio-fuel generation facility), Energy Neutral which
removes energy demands from homes and businesses
(www.energyneutralinc.com), Colorado Energy Park (nuclear and solar
generating plants) and International Reactors, Inc., which assists
developing countries with nuclear reactors for power generation, production
of potable water and other suitable applications.
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.