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The company is planning an on-site public groundbreaking ceremony on July 28, 2009, at 780 Paradise Road, Central City, Kentucky 42330, which is approximately six miles east of Central City, Kentucky on US Highway 62, near Rockport Bridge.
"Our goal is to become a leading niche producer of ultra-clean diesel fuel while providing new jobs and economic development in the communities with whom we partner, such as Muhlenberg County. With this new land asset in hand, Fuel Frontiers is making strides toward developing a job-creating, environmentally-friendly, and economically-viable venture to convert Kentucky coal into ultra-clean transportation fuels based in Muhlenberg County. We greatly appreciate the support and enthusiasm we have received from the community as well as local and state officials. Their support will help us in our efforts to transform this opportunity into the first coal-fueled, clean-diesel operation in Kentucky and a promising model for economic growth and job creation throughout the state," stated FFI President David Maland.
About Fuel Frontiers, Inc.:
Fuel Frontiers, Inc., a subsidiary of Nuclear Solutions, Inc. (OTCBB: NSOL) reports operations and financial results on a consolidated basis within Nuclear Solutions, Inc.'s public filings. For further information about Fuel Frontiers, Inc. please contact an authorized representative of the company. The only authorized representatives of the company are: David Maland and Ken Faith. The only authorized investor relations telephone numbers are (800) 685-8132 or (202) 787-1951. The company is not responsible for information transmitted by an unauthorized third party or through calls made to or from an unauthorized telephone number.
Additional Information and Forward-Looking Statements:
Any statements made in this release that are not statements of historical fact, including statements about beliefs and expectations, are forward-looking statements according to the Private Securities Litigation Reform Act of 1995 and should be evaluated as such. Forward-looking statements include statements that may relate to plans, objectives, strategies, goals, future events, future revenues or performance, and other information that is not historical information. Without limiting the generality of the foregoing, these forward-looking statements may be identified by words such as "may," "potential," "will," "planning," "proposed," "initial," "indicate," "goal," "intend," "to become," "potentially," "making strides," "toward," "developing," "could," "would," "believe," or "continue," "efforts," "promising," their negatives, other variations thereof, or comparable terminology. 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, the company's limited operating history, dependence on key management, financing requirements, technical difficulties commercializing any projects, government regulation, technological change, and competition. The companies will require additional funding to execute their business plans. Significant additional capital is still required for the permitting, design, and construction of the proposed facility in Kentucky. We anticipate raising this money through debt and/or equity financing which may result in substantial dilution, and/or increase the company's indebtedness. Additionally, FFI will require local, state and federal permits for the construction and operation of the proposed facility. 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.
Contact Patrick Herda CEO Nuclear Solutions, Inc. Direct: (202) 470-2664
SOURCE: Nuclear Solutions, Inc.
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