BOISE, Idaho, Sept. 27, 2010 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. (OTCQB:AEHI) (OTCBB:AEHI) (www.aehipower.com), a developer and marketer of innovative clean energy sources based in Eagle, ID, today announced that it has been notified that trading has resumed on the OTC Bulletin Board (http://www.otcbb.com) under its current ticker symbol, "AEHI." AEHI will also continue to be quoted and trade on the OTCQB market.
The Company notes that earlier this year, quoting of AEHI ceased on the OTC Bulletin Board due solely to the actions of one of the Company's market makers, who had initially filed the Form 15C-211 on behalf of the Company, and decided to no longer provide a 'bid/ask' quote on the OTCBB platform. Since that time, a robust market in AEHI has been maintained on the OTCQB market.
"We are pleased to see a market for AEHI has resumed on the OTC Bulletin Board," said Don Gillispie, CEO of Alternate Energy Holdings. "Trading on the OTCQB denotes that we have been in full compliance with all SEC filing requirements. But earlier this year, the temporary suspension of trading on the OTC Bulletin Board led to unnecessary uncertainty and confusion particularly as it was wholly unrelated to anything the Company did or failed to do. Now that OTCBB trading has resumed, and the stock continues to be actively trading on OTCQB, I trust these concerns can be put to rest - particularly in light of the progress we are making toward final local approval of our planned nuclear reactor in Payette, ID, the strong international interest we have received in our nuclear desalinization reactors, and our solid balance sheet."
About Alternate Energy Holdings, Inc. -- (http://www.aehipower.com) -- Alternate Energy Holdings develops and markets innovative clean energy sources. The Company is the nation's only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. Other projects include Energy Neutral(TM), which removes energy demands from homes and businesses (http://www.EnergyNeutralinc.com), Colorado Energy Park (nuclear and solar generation), and Green World Water(TM), which assists developing countries with nuclear reactors for power generation (http://www.GreenWorld-H2O.com), 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.
The Alternate Energy Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8058
Safe Harbor Statement: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "believe," "expect," "anticipate," "project," "target," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events, including our ability to list on a national securities exchange. These statements are based on the beliefs of our management as well as assumptions made by and information currently available to us and reflect our current view concerning future events. As such, they are subject to risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: our significant operating losses; our limited operating history; uncertainty of capital resources; the speculative nature of our business; our ability to successfully implement new strategies; present and possible future governmental regulations; operating hazards; competition; the loss of key personnel; any of the factors in the "Risk Factors" section of our Annual Report on Form 10-K for the most recently completed fiscal year; and any statements of assumptions underlying any of the foregoing. You should also carefully review the reports that we file with the SEC. We assume no obligation, and do not intend, to update these forward-looking statements, except as required by law.