SOURCE: Alternate Energy Holdings, Inc.

January 18, 2007 09:15 ET

Alternate Energy Holdings Officers and Directors Continue Not to Take Salaries or Bonuses

ROANOKE, VA -- (MARKET WIRE) -- January 18, 2007 -- As Alternate Energy Holdings (PINKSHEETS: AEHI) -- an emerging growth energy company -- enters its second calendar year of operation, its senior Officers and Directors continue to not accept salaries or bonuses. This decision has been upheld as part of an effort to put all available funds into the company's many capital intensive energy projects. President and CEO Don Gillispie comments: "Executive compensation today has lost its mooring and in some cases is tied more closely to titles than performance. We are somewhat old fashioned at AEHI -- putting our shareholders and employees first as we strive to meet our mission. For responsible leaders, rewards follow results... they do not lead."

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, 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, coal to diesel fuel conversion, 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. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although Alternate Energy Holdings, Inc. 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 Alternate Energy Holdings, Inc. or any other person that the objective and plans of Alternate Energy Holdings will be achieved.

Contact Information