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NSOL Nitol Solar Wi

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Share Name Share Symbol Market Type Share ISIN Share Description
Nitol Solar Wi LSE:NSOL London Ordinary Share JE00B2NX5G06 ORD 10P (WI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

It's Official. Kentucky Fuel Associates, Inc. and Its Joint Partner Fuel Frontiers, Inc., a Wholly Owned Subsidiary of Nuclear S

15/05/2008 2:00pm

PR Newswire (US)


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WASHINGTON, May 15 /PRNewswire/ -- Kentucky Fuel Associates, Inc. was informed at a ceremony on Monday, May 12, 2008 that Muhlenberg Fiscal Court will be investing more than half a million dollars to build the first large-scale coal-to-diesel fuel conversion plant in the Country. Muhlenberg County has designated $625,000.00 from its Coal Severance Allotment Program to the joint partnership between Kentucky Fuel Associates, Inc. and Fuel Frontiers, Inc., a wholly owned subsidiary of Nuclear Solutions, Inc. Under this partnership, these companies have plans to develop up to eight plants in the State of Kentucky. Kentucky Fuel Associates, Inc. could receive up to $2.5 million in State grant money for which it has already applied for the Muhlenberg plant facility. They can also receive $2.5 million for a second plant site which is under the Kentucky Science and Technology Corporation who administers this entrepreneurial pool established under the Kentucky passed energy bill. The first plant is to be built in Muhlenberg County to produce 70 million gallons of diesel fuel annually from coal after being built. The construction phase is to begin next year and should require up to 300 workers to complete the facility. After its completion it will provide employment for about 80 workers when the plant becomes operational in 2011. Kentucky Fuel Associates, Inc. and Fuel Frontiers, Inc. are very grateful and encouraged by the support of Muhlenberg County officials, State Officials and commend the efforts of State Representative Brent Yonts of Greenville Kentucky of all his leadership and vision to bring this project to the forefront to make it a reality. 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 http://www.nuclearsolutions.com/. DATASOURCE: Nuclear Solutions, Inc. CONTACT: Fred Frisco, +1-908-227-3949 Web site: http://www.nuclearsolutions.com/

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