Knobias Clip Report (07-10-2008) NSOL
Submitted By Knobias ClipReport
NSOL: CEO Presents Vision for Future to Shareholders
The President and CEO of Nuclear Solutions, Inc. (NSOL), Patrick Herda, issued a letter to shareholders today that outlined the Company’s vision for the future.
Mr. Herda explained, “The Company has decided to focus its efforts on the transportation fuels industry. This decision was reached by your Board of Directors after careful consideration of the company’s coal-to-diesel projects currently in development, as well as its assessment of the critical need for alternative sources of motor fuels in today’s marketplace.”
“Your Board of Directors believes that a compelling business strategy is far more likely to translate into increased share value as the company begins to attract additional talent that can complement the current team. Ultimately, this means adding expertise and realigning roles and responsibilities to best serve shareholder interest. The point of doing this is to capitalize on our business model, with the expectation of increasing business activity and maximizing profits in operations.”
“The Board’s objectives in taking these actions, therefore, are straightforward: To become the country’s leading innovator for coal-to-ultra-clean synthetic fuel; to continue to move forward with, and capitalize upon, our synthetic fuel projects in Kentucky and to enter into other transactions with similar funding and development benefits; and to recruit and hire additional management personnel with substantial experience in this niche industry.”
Mr. Herda added, “The proposed coal-to-ultra-clean diesel facilities in the state of Kentucky can potentially tap into existing coal reserves to produce an essential fuel that can help our country mitigate the impacts of the spiraling costs in crude oil and help reduce dependence on foreign oil, while creating local jobs that will help families in Kentucky improve their quality of life. This is now our singular focus; I believe that we are well positioned to achieve our goal.”
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