SOURCE: Nuclear Solutions, Inc.

September 26, 2007 10:25 ET

Nuclear Solutions, Inc. Subsidiary Fuel Frontiers, Inc. Receives Two Million Dollar Commitment to Fund Coal-to-Diesel Fuel Plant in Muhlenberg County, Kentucky

WASHINGTON, DC--(Marketwire - September 26, 2007) - Fuel Frontiers, Inc. (FFI), a subsidiary of Nuclear Solutions, Inc. (OTCBB: NSOL), today announced it has received a two million dollar ($2,000,000) commitment to fund initial project development for a CTL (Coal-To-Liquid) diesel fuel production facility to be sited in Muhlenberg County, Kentucky.

The two million dollar funding commitment is in connection with an exclusive CTL diesel fuel project development agreement between FFI and Kentucky Fuel Associates, Inc. (KFA), a Kentucky-based corporation established specifically to develop coal-based diesel fuel production sites. The company received a non-refundable initial deposit of $200,000 and a commitment to fund the balance of the two million dollars by October 30, 2007.

Under the terms of the July 2007 agreement, KFA agrees to provide two million dollars per site in initial development funding. The funding will be applied towards all expenses normally incurred for CTL diesel project development including financing to closure, engineering, management, legal and operations in conjunction with preliminary site development services by KFA. In consideration for the two million dollar funding per site, KFA will receive 7% of the annual net pre-tax income of each jointly developed CTL diesel fuel facility and 2.5% equity interest in the first CTL diesel fuel facility developed by FFI and KFA. Additionally, KFA will have the exclusive right to develop CTL diesel fuel facilities with FFI in the state of Kentucky and a conditional first right of refusal to develop CTL diesel fuel facilities in the remainder of the United States.

"We believe this is an excellent opportunity to establish a precedent for initial development funding for FFI projects which does not involve the sale of equity in the parent company, Nuclear Solutions, Inc. Also, in light of the current worldwide market conditions for crude oil, we are eager to continue our entry into the mature and robust market for CTL sourced ultra-clean diesel fuel," said Patrick Herda, CEO of Nuclear Solutions, Inc., the parent company of Fuel Frontiers, Inc.

About Fuel Frontiers, Inc.

FFI plans to employ a commercially proven plasma gasification system designed by Westinghouse Plasma Corporation coupled to commercially available Fischer-Tropsch (FT) gas-to-liquids (GTL) diesel fuel production systems for its coal to ultra-clean diesel production facilities.

FFI is a wholly owned subsidiary company of Nuclear Solutions, Inc. (OTCBB: NSOL). FFI reports its operations and financial results on a consolidated basis within Nuclear Solutions, Inc.'s public filings. Visit for additional information. For further information on Nuclear Solutions, Inc. please contact an authorized representative of the company for further information. 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.


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 "proposed," "initially," "to develop," "potentially," "anticipation," "believe," "plans to," "is considering," "projected," "currently in negotiations," "potential site," "to be constructed," "will provide," "will be," "is intended," "seems to be," "opportunity," "intends," "when," "preliminary," "eager to continue," "exploring," "possibly," "developing," "initial," "planned," "possibility," "seek," "endeavor," "planned," 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 CTL diesel fuel facility, FFI has never constructed or operated a facility like this before 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. While we believe that the appropriate technologies for Coal-To-Diesel conversion are commercially available, we cannot guarantee that commercially available technologies will be suitable under all circumstances for producing synthetic or GTL fuels in the proposed Fuel Frontiers, Inc. facility. Additionally, KFA is a new corporation established in 2007 and has a limited operating history. While management believes that KFA has or can acquire the resources to provide funding under the terms of the agreement, no guarantee can be made that difficulties or delays could occur in receiving full funding from KFA and that all funding efforts will be successful. The Company intends to secure funding required for the CTL-fuel project primarily through structured finance debt instruments and/or limited equity financing.

Overall, actual future results for Nuclear Solutions, Inc., and its subsidiary Future 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

Contact Information

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