SOURCE: Nuclear Solutions, Inc.

January 29, 2008 13:51 ET

Fuel Frontiers, Inc. Launches Coal-To-Liquid Engineering Program With Shaw, Stone, and Webster

Engineering Will Provide Technical Basis for 400 Tonne per Day Ultra-Clean Diesel Production Facility in Muhlenberg County, Kentucky

WASHINGTON, DC--(Marketwire - January 29, 2008) - Today, Fuel Frontiers, Inc. (FFI), a wholly owned subsidiary of Nuclear Solutions, Inc. (OTCBB: NSOL), announced that it has transferred funds to Shaw Stone & Webster (Shaw), a division of The Shaw Group Inc., to launch the engineering program that will provide a technical basis for a 400 Tonne per day Coal-To-Liquid (CTL) Ultra-Clean Diesel fuel production facility in Muhlenberg County, Kentucky.

"I believe that The Shaw Group can supply everything we need to support our efforts to develop CTL clean fuel projects. With the launch of this engineering program, we have established our commitment to work with Shaw in Muhlenberg County, Kentucky," said Patrick Herda, President and CEO of FFI parent company Nuclear Solutions, Inc.

FFI is planning to employ a commercially proven plasma gasification system designed by Westinghouse Plasma Corporation (WPC) coupled to commercially available Fischer-Tropsch (FT) gas-to-liquids (GTL) diesel fuel production systems, to be designed and constructed by Shaw Stone & Webster (SS&W) for its coal to ultra-clean diesel production facilities.

The Shaw Group Inc. is a leading global provider of technology, engineering, procurement, construction, manufacturing, consulting, and facilities management services for government and private sector clients in the energy, chemical, environmental, infrastructure. A Fortune 500 company with nearly $5 billion in annual revenues, Shaw is headquartered in Baton Rouge, Louisiana and employs approximately 21,000 people (of which some 800 are based in the UK) at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region.

Shaw Group companies in the UK comprise Stone & Webster Limited, a full-service engineering company established in 1938 and active in both the power and process sectors; Stone & Webster Consultants, providing technical consultancy and financial services to energy clients worldwide. For further information, please visit Shaw's website at www.shawgrp.com

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 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.

Additional Information and Forward-Looking Statements: Any statements made in this release that are not statements of historical fact, including statements about our beliefs and expectations are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and should be evaluated as such. Forward-looking statements include statements that may relate to our plans, objectives, strategies, goals, future events, future revenues or performance, and other information that is not historical information. These forward-looking statements may be identified by words such as "anticipate," "expect," "suggests," is designed to, " "plan," "planning," "believe," "intend," "estimates," "will provide," "to be designed," "targets," "projects," "could," "should," "may," "can," "will," "would," "continue," "forecast," and other similar expressions. 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. Although we believe that these forward-looking statements and projections are based on reasonable assumptions at the time they are made, you should be aware that many factors could cause actual results or events to differ materially from those expressed in the forward-looking statements and projections.

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. New data and information could be obtained at any time which may render previous opinions and discussions obsolete or irrelevant or outdated. No forward-looking statement or projection in the future will be updated to reflect the occurrence of unexpected events or a change in conditions or circumstances, except as required by law.

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. 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