WASHINGTON, D.C., Aug. 22, 2005 (PRIMEZONE) -- Nuclear Solutions, Inc. (OTCBB:NSOL) announced that the company released a quarterly report on form 10-QSB for the period ended June 30, 2005.
"I am pleased to announce that we have recently filed our most recent quarterly report and operating results. We are executing our business model of developing and licensing technology with positive results," said Patrick Herda, President and CEO of Nuclear Solutions, Inc.
"During the last quarter, our business activities crossed the threshold from development stage to commercial operations. This is a significant and exciting step for us in our operating history. Although we still have a great deal of work ahead of us, we are going to continue vigorously executing our business model, developing our technologies, and working toward increasing shareholder value."
Mr. Herda added, "Recently, we have explored additional business concepts within our scientific and technological purview. I anticipate that we will be reinforcing our team in the coming months so that we will be able to respond to the challenges and opportunities that lay ahead of us."
The latest quarterly report is available online from the Securities and Exchange Commission, http://www.sec.gov/Archives/edgar/data/1116112/000114420405026463/0001144204-05-026463-index.htm.
About Nuclear Solutions, Inc.:
Nuclear Solutions, based in Washington, D.C., is an innovative technology company. We are committed to exploring, developing, and commercializing viable product technologies that will enable partner companies to offer new and improved products in the following areas:
-- Nuclear Weapon Detection for Homeland Security and Defense:
The development of advanced technology to detect shielded
nuclear materials and terrorist nuclear weapons.
-- Nanotechnology/M.E.M.S. applications:
The development of long-lived nuclear micro-power sources,
based on three U.S. Patents (5,087,533; 6,118,204; 6,238,812),
to power applications in the emerging field of Nanotechnology,
Micro-Electro-Mechanical Systems, and the new generation of
low-power microelectronics.
-- Environmental Technology:
Development of a patent pending process to remediate tritiated
water via an advanced separation technique.
More information about Nuclear Solutions, Inc. may be found on its Web site: http://www.nuclearsolutions.com.
Disclaimer: The matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties such as our plans, objective, expectations and intentions. You can identify these statements by our use of words such as "may," "when," "expect," "believe," "anticipate," "intend," "could," "estimate," "continue," "plans," "planning," "potentially," "would," 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. Additional funding is required to develop the technology described herein. The actual future results for the company could differ significantly from those statements. 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. 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 does not guarantee that a patent will issue or that the technology will be commercially successful. Accordingly, reference should be made to the company's periodic filings with the U.S. Securities and Exchange Commission.