jump to navigation

AEHI Requests Email Comments Prior to Rezone Hearing Time is Running Out to Show Support in Writing November 24, 2010

Posted by cleanidahoenergy in AEHI, economic benefits, nuclear jobs, Payette County.
Tags: , , ,
add a comment

EAGLE, Idaho, November 23, 2010: Alternate Energy Holdings, Inc. (OTCQB:AEHI; http://www.aehipower.com) requests that supporters of the company’s plan to build a nuclear power plant in Idaho email written testimony to the Payette County Planning and Zoning Commission.

The deadline for all emailing testimony is the end of business on Friday, November 26th, 2010.

These will prove invaluable as commissioners willl use them and verbal testimony at the hearings to determine the future of the proposed nuclear power plant.
The process is simply, just send an email stating your name, where you live, and a brief statement of support for AEHI and the proposed project

Send the email to: lroyston@payettecounty.org, or imachuca@payettecounty.org.
If you can also attend the upcoming hearing, please do so and please testify.
The hearing is scheduled for December 2nd, 2010 at 7:00 p.m. at the Payette County Courthouse, which is located at 1130 3rd Ave. North, Payette, Idaho.

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.

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.
# # #

Alternate Energy Holdings Will Likely Benefit From November Elections, Global Energy and Water Crisis, Says WallStreetCorner.com October 25, 2010

Posted by cleanidahoenergy in AEHI, desalination, economic benefits, Green World Water, stock market.
Tags: , , ,
1 comment so far

BOISE, Idaho, Oct 25, 2010 (GlobeNewswire via COMTEX) — Alternate Energy Holdings, Inc. (otcqb:AEHI) (www.aehipower.com), which develops and markets innovative clean energy sources, is “positioned to be a successful emerging growth company because after the November elections, the next U.S. Congress, newly-elected governors and state legislatures are predicted to be more favorable to helping the U.S. nuclear power sector grow, ushering in a new pro-nuclear power era. The global scarcity of water and energy is another reason why AEHI will certainly prosper and prove to be a winner in the years ahead,” stated Larry Oakley, Editor and Publisher of WallStreetCorner.com (www.WallStreetCorner.com) in a special situation column, “Larry Oakley’s Comment,” published today. The South Carolina-based international investment newsletter is distributed to investors in 96 countries.

“AEHI, based in Boise, Idaho, is the nation’s only independent nuclear power plant developer seeking to build new power plants in non-nuclear states. The company’s plans bode well for the nuclear power industry. Our government has become quite favorable to expansion of nuclear energy. With the November elections coming soon, both Republicans and Democrats in the House and the Senate want to put forth their approval of power from nuclear plants. I see a rather strong shift to nuclear power. There has also been a new wave of investor interest in companies associated with nuclear power. AEHI, in my opinion, will profit greatly from the present awareness of the advantages of nuclear energy,” stated Oakley.

On a global basis, Oakley discussed the company’s Green World Water(TM) subsidiary (www.GreenWorld-h2o.com), which is marketing the world’s first large commercial nuclear desalination reactor produced in China that have the ability to create large amounts of clean water and power simultaneously to meet the needs of entire communities. He cited a recent UN report indicating that shortages are already beginning to slow economic growth everywhere from California and China to Australia and India.

Oakley noted that AEHI’s CEO Don Gillispie views the global crisis as “bringing opportunities for companies like AEHI. The innovation and ingenuity of the private sector can solve this looming global problem — and make money for investors.”

Regarding the company’s shares, Oakley stated: “I was really upset when I saw the illegal shorting of AEHI shares incited by lies in a publication. One of my greatest concerns is the hateful things some shorters engage in to artificially make a stock’s share price go down so they can make more money when they cover their shorts. Fortunately, a highly respected news source, Pinnacle Digest (www.pinnacledigest.com), came to the rescue.” In his column, Mr. Oakley provided excerpts of Pinnacle’s investigative report on AEHI, which takes a very strong and positive position about the future of AEHI. As examples:

Energy states do better in recession September 21, 2010

Posted by cleanidahoenergy in economic benefits.
add a comment

USA Today recently did a study of states in the recession. Among their findings:

Energy states. States such as Texas and Alaska did the best during the recession — and continue to do well now. Even coal states such as Kentucky have enjoyed strong income gains.”

For the complete story, see here. This just reinforces the need for nuclear power plants, which provide thousands of jobs during and after construction.

Nuclear Energy Will Help Meet Rising Electricity Demand, Create Jobs, Says AEHI CEO September 20, 2010

Posted by cleanidahoenergy in AEHI, economic benefits, Greenfield nuclear development, Payette County.
Tags: , ,
add a comment

BOISE, Idaho, Sep 20, 2010 (GlobeNewswire via COMTEX) — “The acceleration of nuclear energy use in the U.S. can help meet the rising electricity demand with a clean-air energy source and at the same time spur the American economy as construction of new plants will lead to increasing demand for tens of thousands of skilled workers at all levels,” stated Don Gillispie, CEO of Alternate Energy Holdings, Inc. (www.aehipower.com).

AEHI, based in Eagle, ID, develops and markets innovative clean energy sources and is seeking to build new power plants in non-nuclear states. “The U.S. Department of Energy projects that U.S. electricity demands will rise 26 percent by 2035. Industry experts estimate our nation will need hundreds of new power plants to provide electricity in our homes and businesses, as well as a much needed boost to our economy,” Gillispie said. Some 17 companies and consortia are considering building more than 30 nuclear power plants. The U.S. Nuclear Regulatory Commission (NRC) is actively reviewing 13 combined license applications from 12 companies and consortia for 22 nuclear power plants, according to the Nuclear Energy Institute (NEI)(www.nei.org/keyissues/newnuclearplants/).

AEHI is among those companies that intend to apply to the NRC for a license for its proposed $10 billion commercial Idaho Energy Complex, which the company plans to construct on a 5,300-acre parcel in Payette County, Idaho. AEHI also secured a backup nuclear site on 6,000 acres adjacent to the primary site. The initial plant is expected to become operational in 2019.

According to a recent independent study, AEHI’s proposed plant about 60 miles northwest of Boise is expected to create around 5,000 jobs through the construction phase and more than 1,000 direct and 2,000 indirect jobs during operations. Pay levels for those jobs would average $60,000 and $80,000, respectively. Revenue for the county and state during the construction phase alone is projected to increase Idaho’s GDP by some $5.3 billion inclusive of $4.8 billion that would flow directly through Payette County.

NEI has reported there are considerable economic benefits for communities and states when they host new nuclear plants including hundreds of jobs and an expanded tax base. Over the past two years more than 15,000 new jobs have been created due to new nuclear plant activities and the number of U.S. suppliers of nuclear energy equipment certified by the American Society of Mechanical Engineers has jumped 22 percent since 2007.

Based on DOE forecasts for the U.S, maintaining nuclear energy’s current 20 percent share of generation would require building about one reactor per year, starting in 2016. Currently, the largest share of baseload power in the U.S. is provided by coal plants, which pump about 1800 pounds of pollution into the atmosphere per minute. The smallest share is provided by renewables like wind and solar, which are clean, but only work between 10 and 20 percent of the time with high costs.

“Nuclear power has zero carbon emissions and is the only energy we have today that can provide clean, low cost and reliable based-load electricity 24/7,” Gillispie said.

The expansion of nuclear power in the U.S. – or around the world in the foreseeable future – will not be limited by a shortage of uranium supplies, according to a major new interdisciplinary study produced under the auspices of the MIT Energy Initiative. The study challenges conventional assumptions about nuclear energy (http://web.mit.edu/press/2010/nuclear-report-release.html).

About Alternate Energy Holdings, Inc. (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.

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.

Excellent Forbes story on nuclear construction September 10, 2010

Posted by cleanidahoenergy in economic benefits, nuclear industry, nuclear jobs.
Tags: ,
add a comment

This is a good story updating the progress of Southern Co.’s construction of nuclear reactors. Most significantly, 1,300 people are working on this job and the company doesn’t even have its final COLA (Combined Operating Licence) finished yet. This is strong, ongoing proof that nuclear plant construction puts people to work.

Need Jobs And Tax Revenue? Build Nuclear Power Power Plants, Says CEO of Alternate Energy Holdings September 4, 2010

Posted by cleanidahoenergy in AEHI, economic benefits, nuclear jobs, Payette County.
Tags: , , , ,
1 comment so far

BOISE, Idaho, Sep 3, 2010 — Today’s jobs report from the U.S. Dept. of Labor continues to highlight the need for U.S private sector job growth.

“But there is an excellent way to create millions of high-paying jobs,” says Don Gillispie, CEO of Alternate Energy Holdings, Inc. (OTCQB:AEHI) (www.aehipower.com), “Build new nuclear plants.”

Gillispie has the experience and numbers to back up his statement. He is a 45-year veteran of the nuclear industry. Now his company is on track to build two big plants in Payette County, Idaho. He expects approval from the county and state by the end of the year.

The plants will take about five years to build, directly employing more than 5,000 workers during that time. And since nuclear plants need hundreds of thousands of tons of concrete, more than 30,000 tons of steel, and countless specialized parts from a giant chain of suppliers, the total number of jobs created by the plants will actually be in the tens of thousands.

Now imagine ten or so such projects around the country, says Gillispie. “That would create close to a million jobs.” Nuclear power could singlehandedly make a sizable dent in the nation’s unemployment rate, dropping it below 9%. “The nuclear industry is the greatest job creator we have in the country today,” says Gillispie. After construction is finished, new dual unit plants would offer about 1,000 permanent well-paying jobs per project with another 2,000 or so indirect jobs.

The nation as a whole benefits from the increased number of workers earning wages and paying taxes. And in the regions where new plants are built, the economic impacts would be enormous. Payette County, for instance, now has an unemployment rate higher than Idaho’s average and faces a budget shortfall of $500,000. If construction goes forward, Gillispie’s plants will drop the unemployment rate to one of the lowest in the country, and add $100 million per year to county tax revenue. The project will also bring billions to the state of Idaho. “It will be huge boon to the area–and to the country,” says Gillispie.

Building nuclear plants brings benefits over and beyond new jobs. The industry produces reliable and clean electricity, without the threat of pollution, oil spills, and other environmental damage.

But today’s job report is another sobering reminder of how long lasting the economic crisis has become–and how valuable the nuclear industry can be to pulling the nation out of its slump.

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 U.S. 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.

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.

###

AEHI announces Payette County, Idaho as exclusive jurisdiction for proposed nuclear power plant August 10, 2010

Posted by cleanidahoenergy in AEHI, economic benefits, Elmore County, nuclear jobs, Payette County.
Tags: , ,
add a comment

Withdraws application in Elmore County

BOISE, IDAHO – August 10, 2010 – Alternate Energy Holdings, Inc. (OTCQB: AEHI),a developer and marketer of innovative clean energy sources based in Eagle, Idaho today announced its plans to move forward exclusively on a proposed nuclear power plant in Payette County, Idaho and, in turn, has withdrawn its zoning application in Elmore County, Idaho.

The company recently selected a new Idaho backup site adjacent to the current site in Payette County to replace the Elmore site. The new backup site is much larger, with superior water rights and transmission rights-of-way when compared with the Elmore site.

“Our plans to permit and ultimately construct a nuclear reactor in Payette have progressed very smoothly, and we have been very pleased with both the pace of local approvals and the level of local support for the project.  In less than a year, Payette County Commissioners approved initial rezoning measures and they are already moving forward on the final application process. Recent hearings have shown support among residents often surpassing 80 percent.  Based on that level of support and pace of local approvals, we decided to focus our time and resources exclusively within Payette County.  We are encouraged by the prospects for final local approval this year or early 2011,” said Don Gillispie, AEHI CEO.

According to a recent study, the proposed plant is expected to create around 5,000 jobs through the construction phase and more than 1,000 jobs during operations. Pay levels for those jobs will average $60,000 and $80,000, respectively.

Revenue for the county and state during the construction phase alone is projected to increase Idaho’s GDP by some $5.3 billion inclusive of $4.8 billion that would flow directly through Payette County.

About Alternate Energy Holdings, Inc. (http://www.AlternateEnergyHoldings.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.

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.

###

Poor Idaho job market underscores need for economic development July 23, 2010

Posted by cleanidahoenergy in AEHI, economic benefits, Payette County.
Tags: ,
add a comment

This story in the Idaho Statesman lays out some sad news about Idaho’s job market. Idaho was No. 6 among the worst markets in the Gallup Job Creation Index from January to June of this year.

In March, we released some updated economic figures for our proposed Payette nuclear plant. They show an annual commercial impact to Idaho’s economy of $5.3 billion during construction. Payette County would also see a dramatic increase of $4.8 billion, which is unprecedented in that part of Idaho.

During operations the study shows the state’s gross domestic product increasing by $3.58 billion (nearly seven percent of Idaho’s current GDP) and Payette County’s GDP rising by $3.43 billion. These revenues will increase year over year and are good for the life-expectancy of the plant, which is 60 years. The tax revenue is also impressive:  $140 million for the state, $84 million for the county.

In terms of employment opportunities, the findings show the proposed plant will provide thousands of jobs, with an average salary of $80,000.

Now more than ever, we need this nuclear plant in Idaho.

Two Seperate Counties In Idaho Competing For New Nuclear Reactor – Nuclear Power Industry News July 2, 2010

Posted by cleanidahoenergy in AEHI, economic benefits, Elmore County, Payette County.
Tags: , , ,
1 comment so far

Thanks to Nuclear Street for a very good blog entry on our news release.

Two Seperate Counties In Idaho Competing For New Nuclear Reactor – Nuclear Power Industry News.

AEHI Provides Business Update and Recap of Key Milestones Major Progress Achieved Towards Local Approval of Nuclear Reactor May 20, 2010

Posted by cleanidahoenergy in AEHI, approval process, desalination, economic benefits, Elmore County, Energy policy, nuclear industry, nuclear jobs, Nuclear Regulatory Commission, Payette County, public opinion.
Tags: , , , , , , , ,
add a comment

BOISE, Idaho, May 20, 2010 (GlobeNewswire via COMTEX) — Alternate Energy Holdings, Inc. (OTCQB:AEHI) today provided a business update for the first quarter of 2010. Key operational highlights include:

— Payette County, Idaho Board of Commissioners unanimously approved changes to the county’s comprehensive plan to allow development of a nuclear power plant

— Elmore County, Idaho Planning and Zoning Commissioners officially approved a change to the county’s comprehensive plan paving way for final approval of AEHI’s proposed nuclear power plant by the County Board of Commissioners — Agreement with China National Nuclear Corporation (“CNNC”) to produce and market nuclear desalinization reactors internationally

— Agreement to work with Dalian Shipbuilding and Equipment Manufacturing Company, Ltd. (“DSIC EM”) to qualify and market various large-sized manufacturing components for use in the international energy industry

— Completed construction of company’s first Energy Neutral(TM) home designed and built specifically to be energy neutral but at a total cost that is both affordable and comparable to that of traditional building techniques

— As of March 31, 2010, AEHI had approximately $3.5 million of cash and no long-term debt

“We continue to make rapid progress on our plans to permit and construct a nuclear reactor in Idaho, through our Idaho Energy Complex (IEC) subsidiary,” said Don Gillispie, AEHI CEO. “Most recently, in May 2010, the Payette County, Idaho Board of Commissioners unanimously approved changes to the county’s comprehensive plan in order to allow development of a nuclear power plant at our site, and we expect final local approvals in 2010. Additionally, in April 2010, at our backup site in Elmore County, the Planning and Zoning Commissioners officially approved a change to the county’s comprehensive plan that paves the way for final approval of AEHI’s proposed nuclear power plant by the Board of Commissioners expected later this year. These two milestones illustrate the broad public acceptance and support for our projects.

“At the same time, we are making progress on a number of additional fronts. Most recently, we announced a major agreement earlier this week with CNNC to produce and market nuclear desalinization reactors internationally. We are already in discussion with several countries in need of clean, potable water as well as the ability to generate affordable and sustainable ‘green’ energy. Last month, we signed an agreement to work with DSIC EM to qualify and market various large-sized manufacturing components for use in the international energy industry.

“We also completed construction of the company’s first Energy Neutral home, a radical departure from traditional building techniques because it was designed and built specifically to be energy neutral yet at a total cost that is both affordable and comparable to that of traditional building. Our Energy Neutral model home is generating significant media attention as well as franchisee interest from both residential and commercial builders locally and around the nation. Our Energy Neutral business could quickly become a source of revenue and cash flow for us as we pursue our broader initiatives.

“Overall, we are extremely excited about the outlook for the business and believe the future for AEHI is brighter than ever. Although the domestic U.S. nuclear industry has been long dormant, our experience and early lead combine to create a powerful competitive advantage in this rapidly reemerging market that will enable us to exploit growth trends in coming years. Moreover, our unique positioning as a deregulated nuclear plant that can take full advantage of market pricing for energy means we have the ability to generate very attractive rates of return from this investment. The coming resurgence in the industry’s prospects is best evidenced by the additional loan guarantees and strong support for nuclear development by the current Administration in Washington. Moreover, we have a strong international foothold as evidenced by our partnerships in China and elsewhere. These strategic relationships provide further validation of our market leadership and help to establish a foundation for long-term growth,” concluded Gillispie.

About Alternate Energy Holdings, Inc. (http://www.alternateenergyholdings.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, which removes energy demands from homes and businesses (http://www.energyneutralinc.com/), Colorado Energy Park (nuclear and solar generation), and International Reactors, which assists developing countries with nuclear reactors for power generation, 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. AEHI Korea, Seoul, is encouraging Korea to export their APR 1400 reactor into the U.S. and achieve NRC design certification. “Safe Harbor” Statement: This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, 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, there can be no assurance that these statements included in this press release will prove accurate. As a result, investors should not place undue reliance on these forward-looking statements.