SOURCE: Nuclear Solutions, Inc.

May 01, 2008 15:11 ET

Nuclear Solutions, Inc. Issues Update

WASHINGTON, DC--(Marketwire - May 1, 2008) - Today, Nuclear Solutions, Inc. (OTCBB: NSOL) issued the following statement: Kentucky Fuel Associates announced it will be assigning the $625,000.00 grant money it was awarded from the State Of Kentucky through a supplemental appropriations in House Bill 410, over to its strategic partner Fuel Frontiers, Inc.

This grant money will be used for the design/engineering and related development expenditures for the Kentucky Coal to Liquids projects. The first anticipated site will be located in Muhlenberg County Kentucky.

Forward-looking statement:

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 the KFA funds assignment statement and 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 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, KFA's Kentucky grant limitations and their actual performance (which is out of our control), 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.

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