SOURCE: Nuclear Solutions, Inc.

May 19, 2006 10:21 ET

Fuel Frontiers, Inc. Provides Funding Update for Purchase of Proposed Eastern Pennsylvania Site for 250 Million-Gallon Coal Waste-to-Ethanol Facility

WASHINGTON, DC -- (MARKET WIRE) -- May 19, 2006 -- Fuel Frontiers, Inc. (FFI), a subsidiary of Nuclear Solutions, Inc. (OTC BB: NSOL) formerly known as Future Fuels, Inc. announced today that Ambient Energy, LLC. which has partnered with FFI to secure a certain 1,034 acre landsite in eastern Pennsylvania for the construction of a 250 million-gallon coal waste-to-ethanol production facility, is stating that it has secured the necessary funds as of May 18, 2006 to purchase the land appraised at $879,410. At FFI's discretion, Ambient Energy, LLC. would be willing to purchase the property on FFI's behalf.

"We are pleased about this development with Ambient. Their willingness to secure the funds to purchase the land for this project signals a profound commitment to working with us to realize mutually-beneficial goals," state both FFI President Jack Young and Nuclear Solutions, Inc. President and CEO Patrick Herda.

Additionally, Ambient immediately plans to start researching and securing grant funding available through the state of Pennsylvania for FFI to apply toward its proposed waste-to-ethanol production facility.

"Such potential grant funding could be financially beneficial to the overall success of this facility. Grant funding in conjunction with some of the outstanding characteristics of the site, such as an immediately available source of waste coal feedstock believed suitable for conversion into ethanol, further enhance this project's overall attractiveness," adds President Young.

FFI proposes 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 proposed for use in FFI's planned facilities to transform feedstock materials into ethanol. Currently, FFI reports its operations and financial results on a consolidated basis within Nuclear Solutions, Inc.'s public filings.

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 "certain," "is stating," "discretion," "would be willing," "signals," "plans," "potential," "could help," "could be," "believed suitable," "proposes," "is proposed for use," "possibly," 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 under all circumstances for producing ethanol in the proposed Fuel Frontiers, Inc. facility. Funds to purchase the subject land discussed in this press release have yet to be secured. The Company intends to secure such funding for the purchase primarily through debt and/or equity financing.

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:
    FFI Investor Relations
    202-580-8330