SOURCE: Nuclear Solutions, Inc.

August 24, 2006 08:25 ET

Nuclear Solutions, Inc. Secures Option for Waste-to-Energy Hybrid Bioethanol Production Facility

Company Purchases Option for 110 Acre Site in Iowa

WASHINGTON, DC -- (MARKET WIRE) -- August 24, 2006 -- Nuclear Solutions, Inc. (OTCBB: NSOL) has purchased an option on behalf of its independent subsidiary Liquidyne Fuels, Inc. to acquire approximately 110 acres in Union County, Iowa to build and operate a waste-to-energy hybrid bioethanol production facility anticipated to produce about 50 million gallons per year. The proposed facility intends to use Startech Environmental Corporation's Plasma Converter technology as part of a waste-to-energy hybrid approach to bioethanol production. Liquidyne Fuels was recently launched to establish parallel bioethanol plants domestically and internationally.

Liquidyne Fuels uses a new approach to bioethanol production that virtually eliminates the use of fossil fuels such as natural gas and coal that are normally consumed during the production of conventional fermentation-based ethanol. This approach can also be used to potentially retrofit existing ethanol production facilities to minimize or altogether eliminate their dependence on fossil fuels. Liquidyne Fuels' approach to bioethanol production is being pursued concurrently and in tandem with ongoing plans managed by subsidiary Fuel Frontiers, Inc. for waste-to-ethanol synthesis facilities.

As reported in its 10Q-SB filing dated August 21, 2006, Nuclear Solutions paid $7,500 for a six-month option on the Iowa site, which allows it to purchase the property for $824,550. The company is pursuing the permitting process as well as negotiations for grain contracts and appropriate financing for the facility's construction.

"Nuclear Solutions' Ethanol Development Advisor, Douglas A. Durante, is spearheading the development of the Iowa bioethanol production facility and other potential sites. This is a concrete opportunity that we are vigorously pursuing under the leadership and guidance of ethanol industry expert Doug Durante.

"While we continue to pursue ethanol synthesis from waste sources, we are also espousing a new way to the old-school approach to bioethanol production that relies on the consumption of fossil fuels during the process. Our approach can virtually eliminate fossil fuel consumption, producing instead what is truly an environmentally friendly, fossil-free brand of ethanol.

"We intend to apply this philosophy of fossil-free ethanol not only in Iowa but also in other future sites under consideration. It is important to underscore that we are executing not just one bioethanol production facility but rather an actual business plan dedicated to fossil-free ethanol production as a model that makes economic sense and that positions us to become leaders in meeting the increasing demand for alternative fuels," states Nuclear Solutions President and CEO Patrick Herda.

Nuclear Solutions, Inc. is an innovative technology development company committed to exploring, developing, and commercializing viable products in the areas of nanotechnology, environmental technology, homeland security and defense, and alternative fuels. In August 2005, Nuclear Solutions, Inc. established Fuel Frontiers, Inc. (FFI), a subsidiary implementing its own unique business model to utilize commercially available and proprietary technologies to transform low-value, end-of-life carbonaceous waste materials such as waste coal, used tires, wood wastes, biomass, discarded corn stalks and other agricultural by-products, into high-value, environmentally friendly, clean-burning ethanol. With its global Strategic Alliance Agreement with Connecticut-based Startech Environmental Corporation, FFI gains access to Startech's innovative, proven and proprietary Plasma Converter™ System, which is planned for use in proposed facilities to transform feedstock materials into ethanol. To diversify its ethanol production model beyond ethanol synthesis from waste sources, Nuclear Solutions is also pursuing innovations in bioethanol production through its subsidiary Liquidyne Fuels, Inc. Currently, Fuel Frontiers, Inc. and Liquidyne Fuels, Inc. report their operations and financial results on a consolidated basis within Nuclear Solutions, Inc.'s public filings. To learn more, explore or


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 "approximately," "about," "anticipated," "potentially," "minimize or altogether eliminate," "planned," "intends," "virtually," "is being pursued," "is pursuing," "is spearheading," "ongoing plans," "allows," "future sites," "proposed," "currently investigating," "intend," "to make this determination," " decide," "planned," "to become," "pursuing," "to pursue," "proposed for use," "planned," "pursuing innovations," or other similar words or phrases. Some of these statements include discussions regarding our future business strategy and our ability to generate revenue, income and cash flow.

With regards to forward-looking statements on the proposed waste-to-ethanol facility, a facility like this has never before been constructed or operated and there are inherent risks associated with the establishment of such new operations. There could be unexpected problems or delays in the funding, construction and operation of the facility. There is no guarantee that we will be successful in raising the capital required for this project through the issuance of tax-free bonds discussed herein. While we believe that the appropriate technologies for waste-to-ethanol conversion are commercially available, we cannot guarantee that commercially available technologies will be suitable for producing ethanol in the proposed Fuel Frontiers, Inc. facility.

Overall, actual future results for Nuclear Solutions, Inc., and its subsidiaries Fuel Frontiers, Inc. and Liquidyne Fuels, 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

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