SOURCE: Alternate Energy Holdings, Inc.

March 30, 2007 09:15 ET

Alternate Energy Holdings (AEHI) Begins Acquisition of Private Green Energy Companies

LYNCHBURG, VA -- (MARKET WIRE) -- March 30, 2007 -- Alternate Energy Holdings (PINKSHEETS: AEHI) announced the beginning of its acquisitions talks with several small energy companies, as part of its short-term growth strategy. Working on the supply and demand side of energy, AEHI's current candidates for acquisition are Freedom Energy Solutions LLC (freedomenergysolutions.com) and Switch LLC (switchonenergy.com). Both companies focus on custom designing energy solutions, using a combination of clean energy sources such as solar, wind, geothermal and power management for individual clients' needs. AEHI plans to continue acquiring green energy companies that offer services complementary to AEHI's mission of providing energy independence options to consumers.

About Alternate Energy Holdings, Inc.

Alternate Energy Holdings actively develops and markets innovative clean energy sources to reduce dependence on foreign energy sources. Current projects include nuclear construction, bio-fuel generation, an economical and environmentally friendly fuel additive that will reduce the cost of natural gas energy production by 25% to 40%, marketable lightning harvesting technology for electricity production, carbon dioxide removal from gas turbine exhaust, and urban mini-reactors for safe, compact power generation.

"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. Although AEHI believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by AEHI or any other person that the objective and plans of AEHI will be achieved.

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