SOURCE: Alternate Energy Holdings, Inc.

January 08, 2010 10:27 ET

AEHI Moves to the OTC:BB Under the Symbol AEHI:OB

BOISE, ID--(Marketwire - January 8, 2010) - Alternate Energy Holdings, Inc. (OTCBB: AEHI) is pleased to announce it received approval from the National Association of Securities Dealers (NASD) to list and trade its common stock on the Over-The-Counter Bulletin Board effective immediately.

Don Gillispie, AEHI Chairman and CEO stated, "We hope the move up from Pink Sheets will increase investment community awareness of the many things that our company is doing and the excellent opportunities for growth of our company."

AEHI submitted the necessary securities registration statement to attain OTC:BB status in Oct. 2008.

About Alternate Energy Holdings, Inc. (www.alternateenergyholdings.com)

Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation's only publicly traded independent nuclear power plant developer willing to build power plants in non-nuclear states. Other projects include Energy Neutral, which removes energy demands from homes and businesses (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. AEHI Korea is working to import the Korean advanced reactor to the US and find potential investors.

"Safe Harbor" Statement: 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. As a result, investors should not place undue reliance on these forward-looking statements.

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