SOURCE: Alternate Energy Holdings, Inc.

September 18, 2007 09:15 ET

Alternate Energy Holdings Announces Selection of CFO Rick Bucci

LYNCHBURG, VA--(Marketwire - September 18, 2007) - Alternate Energy Holdings, Inc. (PINKSHEETS: AEHI) today announced the selection of Rick Bucci, a Certified Public Accountant and former CFO, as Chief Financial Officer of AEHI since September 2007. Mr. Bucci has practiced accounting and tax for 19 years; his diverse background includes hotels, construction, real estate development and banking. Additionally, he has served previously as CFO of two corporations. His experience includes tax planning and preparation, audit services, financial statement preparation and presentation, bank financing and various consulting engagements. Mr. Bucci currently owns and operates a Certified Public Accounting firm, which is licensed to practice public accounting in New York State and has over 350 clients. AEHI Chairman and CEO Don Gillispie states, "We are pleased and honored to welcome Mr. Bucci to the AEHI team; his expertise will be particularly beneficial during this critical point in the Company's development."

About Idaho Energy Complex Corporation (www.idahoenergycomplex.com)

The Idaho Energy Complex, a holding of AEHI, is a proposed $3.5 billion commercial nuclear power plant/bio-fuel generation facility to be constructed on a designated site near Grand View, Idaho. The electricity provided by the nuclear plant would be sufficient to power Idaho's growing needs and allow the elimination of fossil fuels for current power production. Additionally, excess heat from the nuclear reactor would be used to produce ethanol and methane from local crops and agricultural waste.

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, 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.

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