Alternate Energy Holdings Announces Merger With SunBelt Energy Resources
Posted on: Monday, 25 September 2006, 09:01 CDT
Alternate Energy Holdings (PINKSHEETS: AEHI) announced its merger with SunBelt Energy Resources. Alternate Energy Holdings is a rapidly developing green energy corporation founded by former senior executives in the utility and finance industries. Mr. Don Gillispie, Chief Executive Officer, states, "The merger with SunBelt Energy Resources will assist with AEH's primary initiative: the purchase and optimization of a marginally performing nuclear power plant in a deregulated area of the nation's Sunbelt region. After implementing the necessary improvements to maximize the purchased plant's profit margins, the company plans to construct an additional nuclear power generating unit on the site of the original plant through utilization of funding options provided by the Nuclear Provisions H.R. 6 Energy Policy Act of 2005." Alternate Energy Holdings will be the first private nuclear generating company in the United States, with the potential for excellent profit margins.
About Alternate Energy Holdings, Inc.
Alternate Energy Holdings actively develops and markets innovative clean energy sources. In addition to nuclear construction, current projects include 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, and urban mini-reactors for safe, compact power generation. For more information, visit http://www.alternateenergyholdings.com.
"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.
Contacts: Alternate Energy Holdings, Inc. Contact via http://www.marketwire.com/mw/emailprcntct?id=BCD787534B3D9194 Contact via http://www.marketwire.com/mw/emailprcntct?id=1B9CA6605ECCC875
SOURCE: Alternate Energy Holdings, Inc.
Source: MARKET WIRE
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