Extension Granted for PTI Letter of Intent

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Extension Granted for PTI Letter of Intent

IDAHO, MERIDIAN, Feb. 1 -/E-Wire/-- Nuclear Solutions, Inc. (OTCBB:NSOL) has, by mutual agreement with the Photodeactivation and Transmutation Institute of Europe, Ltd. (PTI), extended the November Letter of Intent (LOI) time frame for the development of contractual terms.

In a letter to shareholders posted on the company website (nuclearsolutions.com), Dr. Paul M. Brown, NSOL president and CEO, details the progress of the process, saying "The delay is unfortunate, but all parties involved would rather have their interests accurately reflected".

DISCLAIMER: This press release may be deemed to contain forward-looking statements that could affect the financial condition and results of operations of the company and its subsidiaries. Further information on potential factors that could affect financial conditions, results of operations, and expansion projects of the company are included in filings with the U.S. Securities and Exchange Commission.

1. Nuclear Solutions, Inc. (NSOL) is pioneering the application of photonuclear physics for the treatment of nuclear waste and the safe, efficient generation of electricity. Development of this patented and patent-pending technology could result in the elimination of nuclear waste and a new generation of nuclear reactors that are able to burn their own waste.

The application of photonuclear physics to nuclear waste is called Photodeactivation (a term coined by the inventor, Dr. Paul M. Brown). Photodeactivation involves the irradiation of specific radioactive isotopes to force the emission of a neutron, thereby producing an isotope of reduced atomic mass. These resultant isotopes can be characteristically either not radioactive or radioactive with a short half-life.

The fundamental mechanism works on the laboratory scale, and preliminary computer simulations suggest that this technology will also work on the industrial scale. NSOL is taking the steps necessary for commercialization of the technology. As for most of the advanced nuclear technologies developed today, computer simulation is one of the most important and necessary steps. NSOL will use and improve a series of nuclear simulation codes (MCNP). The new set of simulation codes will allow the NSOL research and development team to design, test, improve, and develop experiments and commercial facilities through computer modeling.

NSOL plans to capitalize on its patent and patent-pending technology by forming strategic alliances and joint ventures with well-established leaders in the nuclear industry. Continued revenue streams are expected through licensing of the technology with both upfront fees and ongoing royalties.

2. NSOLâs technology, the HYPERCON ? ADS process, is an electron accelerator-based photodisintegration process, incorporating the most recent advances in the photo-nuclear industry.

3. The technology could be developed into new applications for remediation of nuclear waste. Industrially, it would operate at a sub-critical level, so the heat produced by the process could also be used to generate electricity in a safe and environmentally benign manner.

Nuclear Solutions, Inc.

http://www.nuclearsolutions.com

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