Published:
Nuclear Solutions, Inc. Releases Update on Potential Acquisition by Inter-Americas, Inc.
Management Teams Currently in Discussions
Today, Nuclear Solutions (OTCBB: NSOL)
issued an update with respect to the company's discussions with
Inter-Americas, Inc. (IA).
On December 22, 2007, the Company received a letter from Inter-Americas,
Inc. stating it intended to acquire all of the outstanding stock of the
Company. Subsequently, management commenced an ongoing "due diligence"
investigation of Inter-Americas and affiliated companies.
The company believes that Inter-Americas intends to file a Schedule TO --
(Tender Offer Statement Under Section 14(d)(1) or 13(e)(1) of the
Securities Exchange Act of 1934) with the Securities and Exchange
Commission formalizing an offer to purchase the Company's shares. The
Company also believes that Inter-Americas seeks management's informal
opinion on the prospective tender offer proposal with a view to see if the
Company would formally recommend the tender offer to its shareholders.
On January 4th, the Company authorized company CEO, Patrick Herda and
company advisors, to enter into discussions with Inter-Americas, Inc.
concerning its December 21, 2007 letter expressing an interest in acquiring
the outstanding common stock of the Company.
"Until such time as the schedule TO is filed by Inter-Americas, Inc.,
management cannot officially issue guidance to the shareholders on this
matter. However, our preliminary investigation has indicated that IA
currently has an equity interest in at least eight different portfolio
companies and that there is evidence of a viable financial network
providing Inter-Americas access to the funds needed to complete this type
of transaction. Inter-Americas indicated that if all goes well, they could
close on finalizing the details of the prospective purchase of NSOL within
30 days once all relevant documents have been exchanged," said Company CEO,
Patrick Herda.
About Nuclear Solutions, Inc.
Nuclear Solutions, Inc. (OTCBB: NSOL) and its subsidiaries report
operations and financial results on a consolidated basis within Nuclear
Solutions, Inc.'s public filings. Visit www.nuclearsolutions.com for
additional information. For further information on Nuclear Solutions, Inc.
please contact an authorized representative of the company. The only
authorized representatives of the company are: Patrick Herda, Ken Faith,
Jack Young and Fred Frisco and the only authorized investor relations
telephone number is (202) 580-8330. The company is not responsible for
information transmitted by an unauthorized third party or through calls
made to or from an unauthorized telephone number. Please feel free to
contact the CEO, Patrick Herda directly with any questions at
(202) 470-2664.
DISCLAIMER:
The matters discussed in this press release are forward-looking statements
that involve a number of risks and uncertainties such as our plans,
objectives, expectations, and intentions. You can identify these
forward-looking statements by our use of words such as "Intended,"
"Ongoing," "Believes," " Intends," "seeks," "it appears," "prospective,"
"plans to," "proposal," "with a view," "would," "enter into," "evidence,"
"until such time," "preliminary," "has indicated," "if all goes well,"
"could," "planning," or other similar words or phrases. 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.
With regards to forward-looking statements concerning the expression of
interest from Inter-Americas, Inc. (IA) to purchase all of the common stock
of the company through a Tender Offer or any other such instrument. No
assurance can be given by the company as to when or if Inter-Americas, Inc.
will file a Tender Offer Statement Under Section 14(d)(1) or 13(e)(1) of
the Securities Exchange Act of 1934. Furthermore, the company cannot
guarantee that the terms of such a contemplated transaction will be
acceptable to the shareholders of the company and/or that even if a
transaction is approved and agreed to, that funding to complete the
transaction is guaranteed under all circumstances. The opinions and
discussions herein are subject to the best available data and information
available at the time of publication. New data and information could be
obtained at any time which may render previous opinions and discussions
obsolete or irrelevant or outdated. The data and information used in
forming this communication was obtained on a best-efforts basis. While
management believes that IA has or can acquire the resources required to
fund the contemplated transaction, no guarantee can be made by management
concerning the efforts of third parties.
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 companies' 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 or
licensing does not guarantee that a patent will issue or that the
technology will be commercially successful. 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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