MOSCOW, Feb. 22, 2007 (PRIME NEWSWIRE) -- NUCON-RF, Inc. (Pink Sheets:NNRF) today announced it has filed a registration statement on Form 10-SB with the Securities and Exchange Commission in order to become a fully reporting company. The filing can be viewed at the SEC's website: http://www.sec.gov
The Company now awaits comments, if any, from the SEC. Upon the Form 10-SB being declared effective by the SEC, the Company will immediately seek listing on the NASD Over the Counter Bulletin Board (OTCBB). This listing is expected during the second quarter.
In the future, the Company also anticipates seeking a listing on AMEX and the London Alternative Investment Market (AIM) Exchange when it qualifies to do so.
"This Form 10-SB filing marks an important step in the implementation of our global business plan," said Lawrence C. McQuade, Chairman. "We look forward to announcing our acceptance onto the OTC Bulletin Board and moving to other principal exchanges in the future."
NUCON-RF, a U.S. corporation with executive and operations offices in Moscow and Berlin, provides products, technologies and engineering/design services for a range of environmental challenges. The Company owns manufacturing facilities and provides both equipment and services for nuclear waste solutions, as well as compliance, shielding, transport and storage requirements for nuclear power plants. NUCON-RF also owns and licenses proprietary leading edge technologies which augment the Company's market edge in manufacturing, design, engineering and services capabilities. The Company has a highly experienced, proven and high profile management team whose capabilities include extensive in-house expertise in all aspects of radiological protection and radiological waste management. NUCON-RF is currently involved in providing nuclear power plant equipment in Russia and China and intends to expand to India, The European Union and North American markets in 2007-08. Current projects for 2007-2010 include multiple international nuclear waste remediation projects in northwestern Russia that are multilaterally funded by G-8 member countries for the decommissioning and disposal of nuclear powered naval vessels of the former Soviet Union. The Company is currently engaged, through one of its subsidiaries, in further acquisitions in 2007-2008 which are intended to substantially increase its asset and revenue base.
Safe Harbor Statement
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding announcements of financial results, business potentiality and other prospective presentations by NUCON-RF, Inc. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products in domestic and international markets will continue to expand. NUCON-RF undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in NUCON-RF's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.