BOISE, IDAHO – March 23, 2011 - Alternate Energy Holdings, Inc. (OTCQB: AEHI; www.aehipower.com), a developer and marketer of innovative clean energy sources based in Eagle, ID, today announced its first revenues with the sale of two houses through its subsidiary Energy Neutral(R) (www.energyneutralinc.com). The sales generated approximately $450,000 of gross revenues for AEHI.
“It is a big milestone for AEHI and Energy Neutral to begin producing revenues, but it also proves that we can build energy-efficient power-producing homes at a price that people can afford,” said Don Gillispie, AEHI CEO.
One of the newly-sold Energy Neutral homes was built in the Panther Creek subdivision of West Boise, Idaho and is one of five homes in the same neighborhood, which was designed to conserve electricity through energy-efficient construction methods and appliances.
The second house, which resides on Scotfield Court in Boise, was built as the first Energy Neutral model home to meet stringent energy-efficient standards, but also produces more electricity than it consumes during most days through a series of low-profile solar panels.
The Energy Neural pilot home on Scotfield Court was developed as a model home for demonstrating the concept and advertising, so it was not profitable as anticipated. The second home sold in Panther Creek made a reasonable profit.
“In addition to the sale of these two energy efficient homes, the remaining Energy Neutral homes in Panther Creek continue to host steady traffic from interested parties, further supporting our continued effort for additional sales opportunities,” said 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; Idaho Energy Complex is the first project. Other business units include Energy Neutral(R), which reduces energy demands for homes and businesses (http://www.EnergyNeutralinc.com), and Green World Water(TM), which assists developing countries with nuclear reactors for production of potable water, power generation and other suitable applications. (http://www.GreenWorld-H2O.com)
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Investor Relations Firm:
Stephen D. Axelrod, CFA
Wolfe Axelrod Weinberger Associates, LLC.
317 Madison Avenue, Suite 515
New York, NY 10017
Director of Corporate Communications
Alternate Energy Holdings, Inc.
Tel: (208) 939-9311