It's Official. Kentucky Fuel Associates, Inc. and Its Joint Partner Fuel Frontiers, Inc., a Wholly Owned Subsidiary of Nuclear S
2008年5月15日 - 10:00PM
PRニュース・ワイアー (英語)
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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