An historic Conservative movement
WASHINGTON, Dec. 1, 2010 (GLOBE NEWSWIRE) -- Former Speaker of the House and General Chairman of American Solutions, Newt Gingrich, recently honored AEHI CEO Donald Gillispie, as American Solutions' 2010 @Businessman of the Year. Speaker Gingrich recognized Donald Gillispie at the American Solutions Election Night Dinner on November 2nd at The Ronald Reagan Building in Washington, D.C.
"Led by leaders like Donald Gillispie, who has succeeded in the face of adversity and economic turmoil, our victory on November 2nd was just the start to what will prove to be an historic Conservative movement to reject the left and provide common sense Center-Right Leadership."
According to American Solutions, as the economy spiraled into recession, President Obama and the Democrats in Congress offered no solutions for almost two years. Instead, they introduced one job killing bill after another, forced unpopular and corrupt socialized health-care reform through Congress, and have refused to take any responsibility whatsoever for their inaction, deciding instead to blame others for their failures. Donald Gillispie, on the other hand, has taken these challenges head on and managed to survive - and even succeed - in an extremely hostile and uncertain economic environment.
About American Solutions -- American Solutions is a tri-partisan citizen action network of over 1.5 Million members. Its goal is to create the next generation of solutions that will ensure that the United States remains the safest, freest, and most prosperous country in the world. Its General Chairman is Speaker Newt Gingrich. For more information, visit www.AmericanSolutions.com.
About Don Gillispie -- A 45-year veteran of the nuclear industry, Don Gillispie was involved in the construction and operation of a number of nuclear reactors and helped start the Institute of Nuclear Power Operations (INPO). His real interest in nuclear power began in the military. He completed the Navy Nuclear Power School, became a nuclear operator and served aboard the SSBN Francis Scott Key. He is now CEO of Alternate Energy Holdings, Inc. in Eagle, Idaho.
About Alternate Energy Holdings, Inc. (OTCQB:AEHI) (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.
But wait, there's more.
The Securities and Exchange Commission charged an Idaho company on Thursday with fraudulently raising money from investors across the country and Asia to build a $10 billion nuclear power plant.
The SEC also asked a court to freeze the assets of Alternate Energy Holdings Inc. and its two top executives.
The federal financial regulators accusing the Eagle-based company of taking part in a scheme to enrich its chief executive at the expense of investors. Specifically, SEC investigators say AEHI manipulated its stock price, in part through a barrage of misleading public statements about the company and hiding the profits reported by CEO Donald Gillispie and a senior vice president Jennifer Ransom.
The SEC says it has records that Gillispie and Ransom secretly unloaded stock holdings and funneled the money back to Gillispie, enabling him this year to make six times the salary he reported to investors and spend lavishly on jewelry, cruises, a Maserati sports car and other items.
"In light of AEHI's ongoing efforts to raise funding while promoting itself through a daily deluge of press releases, we needed to take immediate action to get to the bottom of the company's misleading statements," said Marc Fagel, Director of the SEC regional office in San Francisco.
AEHI spokesman Dan Hamilton said the company's lawyers are reviewing the SEC complaint and declined to comment on the allegations.
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