SOURCE: Alternate Energy Holdings, Inc.

November 08, 2007 09:15 ET

Alternate Energy Holdings, Inc, Acquires Wind, Solar and Geothermal Company

BOISE, ID--(Marketwire - November 8, 2007) - Alternate Energy Holdings, Inc. (PINKSHEETS: AEHI) today announced that the company has formally acquired 49.1% of Freedom Energy Solutions LLC with an option to take controlling interest. Based out of Maryland, Freedom Energy Solutions is dedicated to providing green solutions to the energy and budget needs of both businesses and homeowners. They focus on custom designing energy solutions to provide homes and businesses lifetime energy neutrality, using a combination of clean energy sources such as solar, wind, geothermal and power management for individual clients' needs.

Currently, Freedom Energy Solutions and the Maryland Energy Administration are planning an 88-acre renewable energy and environmental campus in Mount Airy's Windy Ridge Park. AEHI's CEO Don Gillispie comments, "We believe the east coast is ready to have energy neutral buildings that will operate for life without any energy bills. This cost-effective change makes sense for any new structures and for many high-energy consumption existing structures. We want to be a company that brings this common-sense, green solution to all homeowners, businesses and government facilities."

For more information on Freedom Energy Solutions, please visit the company's website: www.freedomenergysolutions.com.

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

Alternate Energy Holdings actively acquires private green energy companies, as well as develops and markets innovative clean energy sources. Current projects include nuclear construction (the Idaho Energy Complex), bio-fuel generation, and a safe and effective system for removing carbon dioxide from coal and natural gas plants emissions.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation that the objective and plans of AEHI will be achieved.

Contact Information