Nuclear Solutions Contracts With World-Renowned Technology Innovator To Perform R&D.

Business Editors

WASHINGTON--(BUSINESS WIRE)--July 24, 2003

Nuclear Solutions, Inc., (OTCBB:NSOL) has signed a consulting contract with Boris Muchnik to develop product technologies and an intellectual property portfolio to support the corporate business strategy identified by Nuclear Solutions and its CEO, Patrick Herda.

"Boris Muchnik is a world-class scientist whose accomplishments and credentials in science and technology are the ideal combination to advance Nuclear Solutions' corporate goals," said Herda. "Boris' proven track record in commercializing advanced technologies will strengthen our company's efforts to facilitate growth, profitability and return on investment."

Through the consulting contract, Muchnik will be responsible for developing, refining, demonstrating, and securing intellectual property rights for Nuclear Solutions' proprietary technologies. Muchnik will work with other key members of the Nuclear Solutions' team to execute the corporate strategy in nuclear waste remediation, nuclear energy, homeland security, nanotechnology and defense applications. The company is engaging in research, development and potential commercialization for the following projects:

1. Marketing of a proprietary hardware developed by Muchnik for laser nano-machining,

2. Gamma Laser development for nuclear waste remediation and defense applications,

3. Nuclear materials tracking and telemetry for homeland security applications, and

4. Tritiated water remediation technology.

Muchnik holds over two dozen U.S. and international patents, which are the intellectual property basis for products used worldwide. He brings high-technology commercialization expertise to Nuclear Solutions:

-- His entrepreneurial career started in 1984 with a start-up

company, Kerdix, Inc. As the founder, technology inventor and

CEO of KerDix, Muchnik conceived, patented and commercialized

the recordable/eraseable CD technology, which is utilized

today in multiple audio and data storage/retrieval

applications such as the Sony mini-disc and computer data

devices. KerDix licensed its manufacturing technology in 1989

to Hoechst AG of Germany, a multi-billion dollar chemical

company, and Konica of Japan. Muchnik spent three years in

Wiesbaden, Germany, constructing the world's first

manufacturing plant with the capacity of 1 million

recordable/eraseable CDs per year.

-- Muchnik has held executive technical leadership positions with

Fortune 500 companies, developing and manufacturing

high-performance laser data storage systems.

-- He has invented core technologies for other successful

entrepreneurial companies, including MemArray, Inc., which

developed VCSEL laser array technology for high-performance CD

applications; MOST Corp.; CaliPer, Inc.; and Dazar Corp.

-- Muchnik performed graduate research at Kurchatov's Institute

of Atomic Energy, Russia's leading nuclear weapons lab. He

participated in pioneering research for the Laser Isotope

Isolation Project.

-- Muchnik received his degree of engineer-physicist,

specializing in nuclear physics, from Moscow Institute of

Physics and Technology, Russia's most prestigious technology

school. He received the equivalent of a doctorate in nuclear

chemistry from the Institute of Physical Chemistry, Laboratory

of Chemistry of Transuranium Elements of the Russian Academy

of Sciences. Muchnik spent two years performing post-graduate

research in Laser Raman Spectroscopy at Polytechnic Institute

of New York upon arrival in the U.S. in 1976.

-- Boris is a naturalized U.S. citizen who has been a Colorado

resident since 1980 and recently moved to Washington, D.C., to

pursue projects with Nuclear Solutions.

Safe Harbor Statement- Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward-looking statements, with words such as "Anticipate, "believe," "expect," "future," "may," "will," "should," "plan," "projected," "intend," and similar expressions to identify forward-looking statements. These statements are based on the Company's beliefs and the assumptions it made using information currently available to it. Because these statements reflect the Company's current views concerning future events, the public is cautioned that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. 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. Accordingly, reference should be made to the Company's periodic filings with the Securities and Exchange Commission.