SOURCE: Nuclear Solutions, Inc.

January 08, 2008 16:41 ET

Nuclear Solutions, Inc. Releases Update on Potential Acquisition by Inter-Americas, Inc.

Management Teams Currently in Discussions

WASHINGTON, DC--(Marketwire - January 8, 2008) - Today, Nuclear Solutions (OTCBB: NSOL) issued an update with respect to the company's discussions with Inter-Americas, Inc. (IA).

On December 22, 2007, the Company received a letter from Inter-Americas, Inc. stating it intended to acquire all of the outstanding stock of the Company. Subsequently, management commenced an ongoing "due diligence" investigation of Inter-Americas and affiliated companies.

The company believes that Inter-Americas intends to file a Schedule TO -- (Tender Offer Statement Under Section 14(d)(1) or 13(e)(1) of the Securities Exchange Act of 1934) with the Securities and Exchange Commission formalizing an offer to purchase the Company's shares. The Company also believes that Inter-Americas seeks management's informal opinion on the prospective tender offer proposal with a view to see if the Company would formally recommend the tender offer to its shareholders.

On January 4th, the Company authorized company CEO, Patrick Herda and company advisors, to enter into discussions with Inter-Americas, Inc. concerning its December 21, 2007 letter expressing an interest in acquiring the outstanding common stock of the Company.

"Until such time as the schedule TO is filed by Inter-Americas, Inc., management cannot officially issue guidance to the shareholders on this matter. However, our preliminary investigation has indicated that IA currently has an equity interest in at least eight different portfolio companies and that there is evidence of a viable financial network providing Inter-Americas access to the funds needed to complete this type of transaction. Inter-Americas indicated that if all goes well, they could close on finalizing the details of the prospective purchase of NSOL within 30 days once all relevant documents have been exchanged," said Company CEO, Patrick Herda.

About Nuclear Solutions, Inc.

Nuclear Solutions, Inc. (OTCBB: NSOL) and its subsidiaries report operations and financial results on a consolidated basis within Nuclear Solutions, Inc.'s public filings. Visit www.nuclearsolutions.com for additional information. For further information on Nuclear Solutions, Inc. please contact an authorized representative of the company. The only authorized representatives of the company are: Patrick Herda, Ken Faith, Jack Young and Fred Frisco and the only authorized investor relations telephone number is (202) 580-8330. The company is not responsible for information transmitted by an unauthorized third party or through calls made to or from an unauthorized telephone number. Please feel free to contact the CEO, Patrick Herda directly with any questions at (202) 470-2664.

DISCLAIMER:

The matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties such as our plans, objectives, expectations, and intentions. You can identify these forward-looking statements by our use of words such as "Intended," "Ongoing," "Believes," " Intends," "seeks," "it appears," "prospective," "plans to," "proposal," "with a view," "would," "enter into," "evidence," "until such time," "preliminary," "has indicated," "if all goes well," "could," "planning," or other similar words or phrases. Some of these statements include discussions regarding our future business strategy, potential merger and acquisition activity, and our ability to generate revenue, income and cash flow.

With regards to forward-looking statements concerning the expression of interest from Inter-Americas, Inc. (IA) to purchase all of the common stock of the company through a Tender Offer or any other such instrument. No assurance can be given by the company as to when or if Inter-Americas, Inc. will file a Tender Offer Statement Under Section 14(d)(1) or 13(e)(1) of the Securities Exchange Act of 1934. Furthermore, the company cannot guarantee that the terms of such a contemplated transaction will be acceptable to the shareholders of the company and/or that even if a transaction is approved and agreed to, that funding to complete the transaction is guaranteed under all circumstances. The opinions and discussions herein are subject to the best available data and information available at the time of publication. New data and information could be obtained at any time which may render previous opinions and discussions obsolete or irrelevant or outdated. The data and information used in forming this communication was obtained on a best-efforts basis. While management believes that IA has or can acquire the resources required to fund the contemplated transaction, no guarantee can be made by management concerning the efforts of third parties.

Overall, actual future results for Nuclear Solutions, Inc., and its subsidiary Fuel Frontiers, Inc., could differ significantly from statements contained in the press release. Factors that could adversely affect actual results and performance include, among others, the companies' limited operating history, dependence on key management, financing requirements, technical difficulties commercializing any projects, government regulation, technological change, and competition. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release. Additionally, patent pending status or licensing does not guarantee that a patent will issue or that the technology will be commercially successful. Accordingly, reference should be made to Nuclear Solutions, Inc.'s periodic filings with the U.S. Securities and Exchange Commission, also available through the Web site at www.nuclearsolutions.com.

Contact Information

  • CONTACT:

    Patrick Herda
    CEO
    Nuclear Solutions, Inc.
    Direct: (202) 470-2664