NNRF.PK – Managing Nuclear Waste. Joining Russia's Nuclear Powerhouse?

[fous]

In at 5.50 yesterday;

More info: http://biz.yahoo.com/seekingalpha/070418/32705_id.html?.v=1

[cipisek]

Perfect

[rickjust]

hi,
beware of citronsearch.com . they use to be stocklemon.
here is a response from stocktiger.com to a recent article about NNRF.


A website with the named citronresearch.com wrote a totally uniformed piece today about NUCON-RF. Their purpose seems to be to use lies and innuendos to try and get people to think negatively about a company in which they probably have shorted the stock.

The writer used no name and gives no contact information so that is very suspicious right away. As you all know my personal phone number is on my website as I have nothing to hide but the writer of this piece hides behind a web address where they think they can say whatever they want.

Their site used to be named stocklemon but I imagine they had so many lawsuits created by their lies in the past that they needed to change the name but I do not know for sure. We do know however that they are writing anonymously and if you go to their "About Us" page it says suspiciously "This page is under construction..."

They use the name "research" in their site title but they seem to do none on their own.

So we have an anonymous writer on a suspicious and unknown owner website writing false things.

To start they write that NUCON-RF has made "a series of mysterious acquisitions"

Well what kind of deranged statement is that?  The CEO of NUCON-RF Prof. Valery Lebedev, PhD is the former Deputy Nuclear Power Minister of Russia and they bought 50% of ATOLL who make parts for nuclear power plants. How much more un-mysterious can that be? For the Russian government to allow a US company (the first and only one) to purchase such a highly sensitive Russian company says to me that the Russian government  thinks very highly of NUCON-RF – think about that for a minute – do you really think just anyone can so such a thing?  – if so than it is also very strange that no one before was able to do this. They write that they think it strange that ATOLL with such good sales would sell for only $2+ million in cash plus 4 million shares. Of course since they did absolutely no real research whatsoever but only wrote off the top of their head, they did not learn that ATOLL on its own could not expand to sell into and other countries or the former CIS ones as they had no licenses or access to capital to do so. To partner with NUCON-RF is a perfect match for ATOLL.

NUCON-RF has an agreement to co-lead an international consortium of European and Russian companies that will provide equipment, technologies and maintenance services to Rosenergoatom and their listed Russian contractors. Rosenergoatom is the operating utility of all Russia's nuclear power plants and is a main buyer from ATOLL. So ATOLL of course can see the huge benefit to them in this situation. Is there is a possible better fit to have the 50% shareholder in your company be the former Deputy Nuclear Power Minister of Russia and for them to already have an agreement with the country's operator of all nuclear power sites? I think there is no better partner in the world. In fact only yesterday did they announce that now with NUCON-RF as a partner ATOLL increased the 2007 revenues so far by 52.5% adding $68 million to the former amount. For the unknown person to write that this is a mysterious acquisition is the most bizarre thing in my opinion. They even question the price of the acquisition. So on the one had they use innuendo to question the ATOLL company and on the other they say that that price paid is too small.

We have shown that the combining of these two companies is a perfect match and can help to expand the business for ATOLL . Besides the $2+ million in money they received 4 million is stock. Today it is true it is only worth $36 million but these are bright people and they see the huge renaissance of nuclear power plant construction going on in the world and they know also of the tremendous efforts underway and  in the final planning to do remediation projects around the world and they know of the NUCON-RF expertise in this field. So yes at present the 4 million shares are only worth $36 but the owners of ATOLL understand that the share price will be much higher.

The writers from this website seem also blind to the knowledge of the formation of the huge Russian holding company ATOMPROM and what that means to the nuclear industry in Russia and in fact the world. I will not repeat the details here but they again so obviously did no research what so ever. Hint – ever hear of GAZPROM who has a $300 billion market cap and may become a $1 trillion market cap in 10 years? Twice the size or ExxonMobile. Well ATOMPROM is modeled about the same but for the nuclear industry instead of gas – do a Google search to learn something.  This site citronresearch has never come to the company or to ATOLL at all and they make things up as they wish. If this website were a real company or even had a serious writer they would visit  NUCON-RF or at least talk to them instead of hiding behind a URL. I invite them to come to Russian and see NUCON-RF and ATOLL in person and after to write a report after. They will not be shorting any stock when they see what is taking place. They seem to not understand that ATOLL is a very restricted company so have no website where you can look around. They work with very secure nuclear technology but I think a visit could be arranged for them

The writer makes a very derogatory comment about Mercer Capital and again they show their total incompetence. They suggest that Mercer Capital is selling stock retail. Mercer Capital does private placement of stock and no retail and they could have learned this with one phone call that they did not make. This citronresearch is looking more and more like a scam site that tries to scare people into selling stock based on lies they write.  I imagine that the Mercer Capital attorneys will have something to say about the false statements made.

So citronresearch never came to Russia to check anything but Mercer Capital has come twice. Which one is real - the one with real people and phones or citronresearch who is totally unknown and hides.

Speaking of phones the writer does not even know that NUCON-RF has its operational offices in Moscow Russia – hello – they state that the headquarters is a P.O. box.

Let's see – the Chairman of the board of NUCON-RF is Larry McQuade, Formerly Vice Chairman of Prudential Mutual Fund Management and Executive Vice President with W.R. Grace & Co. He also served as United States Assistant Secretary of Commerce from 1963 through 1969 and at the U.S. Department of Defense, as Assistant to the Assistant Secretary for International Security Affairs, in the administration of John F. Kennedy. With all of this the site citronresearch claims the headquarters for NUCON-RF is a P.O. box.  I hate to use the word lame but really – do they not even check to see who is running a company they want to write about?  Let me repeat--- Formerly Vice Chairman of Prudential Mutual Fund Management - United States Assistant Secretary of Commerce and yet they question the integrity of the company and at the same time give no name or phone number for themselves? They are a joke.

Did they not – no of course they didn't,  know that the adviser to NUCON–RF is Valery Zubov, Ph.D., Member of the Russian Federal Parliament Committee on Credit Organizations and Financial Markets. In other words he oversees the stock market and banking regulations but this seemingly low life site citronresearch prints the trash they said about NUCON-RF?  Once again read who heads this company and with whom they have strategic relationships and learn a little. These relationships have been formed over many years and you only in the last year began to see the results and many more will come.

The thrust of the short article seems to be the hope that people would read and want to sell stock so citronresearch could make a profit on their short position in the stock.

We do not like to make any price predictions exactly here but let's suppose that knowing the extremely high level and qualified leadership of NUCON-RF, that what is in the press releases is to become the case. We can extrapolate from the ATOLL releases $183 million in orders for 2007. As these are mostly from the main operator of all nuclear plants in Russia we need not question them. The profits in an earlier press release pointed to about an 18% profit so if that holds true it would be about $33 million and NUCON-RF's share is 50% or $16.5 million. There are two other acquisitions in the works and they may contribute $4 million more give or take.  This is only a rough guide but in this case the profits would be $20.5 million or about $0.58 per share based on 35,000 shares outstanding. (again realize that these are my personal extrapolations for illustration purposes but you can do your own using the press releases) So far we only show that if this is the least they do the current share price seems low for average of a companys in this field. PESI has a PE of about 23and ECOL a PE of 20 While CLHB (who does not do nuclear waste) has a PE of 24. So let's say an average of 22 x $0.58 gives us $12.76. This is before any additional contracts.

So the site operators of  citronresearch who may be lemons but do absolutely no research want to short the stock in a company that trades at a forward PE lower than the others in the field but one that has significantly higher potential in my opinion than the other three mentioned.

One specialty of  NUCON-RF with huge potential is in International nuclear decommissioning and remediation projects. They have established themselves as NUCON-RF has an agreement with the Department of Nuclear Sites Decommissioning of the Federal Agency of Nuclear Energy of the Russian Federation to supply nuclear safety technologies, products and equipment for Russian and G-8 funded nuclear waste decontamination projects.

At the moment the most urgent decontamination project is Andreyeva Bay, Building No.5, a highly contaminated former radioactive waste storage site undergoing decommissioning.

The total of projects to be funded in part by Russia, the G-8 or and/or the European Bank of Reconstruction and Development is estimated to last until 2012 and perhaps beyond, will cost $4 billion and $2 billion of this amount will be funded under a G-8 funded decommissioning plan. Approximately $438.5 million of the $2 billion in working contracts have been concluded to date. NUCON-RF is awaiting any assignment of contracts.

So the shortsightedness of  citronresearch does not allow them in any way to grasp the very serious business that NUCON-RF is in and obviously, as we have said, they totally ignored the high level stature of the people running and connected to NUCON-RF.

This clean up above is only part of what is needed as we all know NUCON-RF has an agreement with ATOMSTROYEXPORT (another major part of what will become the giant ATOMPROM)  in which NUCON-RF will become the project partner and supplier to ASE of technologies and services in the Chernobyl Shelter Implementation Plan funded by the G-7 donor countries through the European Bank for Reconstruction and Development in Ukraine. The principal aim of the plan is to convert Chernobyl's Reactor 4, destroyed by the 1986 nuclear accident, into an environmentally-safe site.

You see citronresearch sees only that a company seemed to appear out of nowhere and have a run up in the stock price. What they do not see are the years of planning that have taken place before. The company for simplicity reasons took over an existing shell company to be on the US exchange as is a common practice. We know NUCON-RF plans to move to the AMEX or other major exchange and they await the SEC comment from their February FORM 10-SB filing.

NUCON-RF also has several proprietary technologies that have positioned the Company for multiple international projects.

NUCON-RF holds an exclusive license for NuCap™ in the Russian Federation and other CIS Countries. NuCap™ is a silicon-geopolymer material that stabilizes, encapsulates and stores nuclear waste for up to 170 years. It will be used on many of the cleanup sites.

NUCON-RF also owns a proprietary, moldable, non-toxic polymer-based nuclear energy shielding material known as FEECOM/BIECOM. FEECOM/BIECOM can be utilized in lieu of lead shielding. In the European Union, the use of lead will be banned as of 2010 for use in nuclear energy projects. NUCON-RF is in negotiations to establish its own European manufacturing facility for FEECOM/BIECOM as it anticipates strong demand for this product.

This should be enough for now to point out the total foolishness of the writing about NUCON-RF at citronresearch.

We would of course expect anyone who rights about NUCON-RF to actually do something before they write but in this case they made no call at all and no research either. We should expect them to remove their article from their site and to also make a retraction statement as they are being totally irresponsible and slanderous.

When we find out who these people are who hide behind their URL and make things up without checking first, we will let you know.

[fous]

I sold yesterday before the close on the break of the intraday trendline

[cipisek]

Very interesting

[Stocky2000]

i bought today....this thing will explode in the future

[Stocky2000]

this thing is hot now..

[rickjust]

chart looks readyto pop this week
[st2] http://www.otcstockreview.com/Files/NNRF/nnrf_review.pdf

[rickjust]

moving up again , shorts covering,
max

[kslifka]

NNRF.pk.

Looking good here.  NNRF has touched the bottom of the triangle 3 times.  I think it's about ready to break out to the upside.

Long-term this one has lots of potential as a Russian Nuclear play. 

Read all about it:

NNRF is a U.S. corporation with executive and operations offices in Moscow, Berlin and Washington. NNRF offers design and manufacturing of specialized products for nuclear reactors and nuclear waste management; proprietary nuclear shielding, decommissioning and decontamination technologies; and engineering/design services for a range of environmental challenges. NNRF owns manufacturing facilities and provides both equipment and services for nuclear power plants and compliance, shielding, transport and interim and final storage requirements for government agencies and nuclear service companies. NNRF also owns or licenses proprietary leading edge technologies which provide NNRF with a market edge in manufacturing, design, engineering and services capabilities. NNRF's management team has extensive industry and government service including extensive in-house expertise in all aspects of radiological protection and radiological waste management. NNRF has entered into strategic alliance agreements with government agencies of the Russian Federation. Access through NNRF's strategic alliances to key processing and disposal facilities in the Russian Federation enables it to complete a broad range of projects efficiently and cost effectively. NNRF believes that this access provides vertically integrated services that distinguish it from competitors. NNRF manufactures nuclear power plant equipment in Russia and has multi-year sales contracts for a significant portion of current production with ROSATOM, the owner and operator of all Russian nuclear reactors. NNRF also provides products, services and proprietary technology based solutions through its strategic alliances to multilateral and bilateral funded projects located in Northwestern Russia known as the Northern Dimension Environmental Partnership (NDEP). This area contains the largest repository of spent nuclear fuel and radioactive waste in the world. The projects involve the decommissioning and disposal of nuclear powered naval vessels of the former Soviet Union. The projects are funded by G-8 member countries. NNRF currently is expanding its marketing to include the European Union, China, India and North America in 2007-08 through strategic marketing partnerships with multinational energy service companies. NNRF is currently engaged in the due diligence phase of potential further acquisitions in 2007-2008 which are intended to substantially increase its current 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 potential and other prospective presentations by NNRF. 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. NNRF 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 NNRF's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.

[kslifka]

Breaking out of the mini-triangle.  Now above 50dma.  Has hit 3.55.

[kslifka]

NNRI...looking good here as it's holding above 50dma.  All other indicators look positive too.  I would love to see NNRI close above $3.60 today.

[422fwhp]

Looks like it touched the bottom trend line again...

NNRI.pk

[422fwhp]

Recent News

http://biz.yahoo.com/pz/070920/127067.html

NNRF Announces Installation of FEECOM/BIECOM in Central European Nuclear Facility
Thursday September 20, 9:30 am ET


BERLIN, Sept. 20, 2007 (PRIME NEWSWIRE) -- NNRF, Inc. (Pink Sheets:NNRI) today announced that responding to the European Union's revolutionary requirement that all users of lead bring toxic emission down to zero by 2010, NNRF, a developer of proprietary shielding materials for nuclear and medical facilities, introduced FEECOM/BIECOM to a select group of technical personnel of a major European supplier and operator of nuclear facilities, E.ON. (http://www.eon.com/).
Also in attendance was the German technical survey organization TUV NORD (TUV). http://www.ensys-hannover.de/english/1202.asp TUV is involved in the nuclear licensing and surveillance processes of various nuclear facilities on behalf of the regulator. They document the safety and quality of new and existing products, systems and service the spectrum of nuclear facilities. This spectrum of services extends from nuclear power plants, fuel manufacture plants, accelerators to storage facilities for spent fuel and radioactive waste. Further, they are engaged by the relevant federal authorities for safety assessment and inspections of transportation and storage both of spent fuel and radioactive waste.

ADVERTISEMENT


NNRF successfully concluded the seminar for E.ON and TUV in Hannover, Germany together with its strategic scientific partner for the development of FEECOM/BIECOM, the Fachhochschule Hannover. This seminar was organized for Plant and Technical Services mangers and other personnel of E.ON. E.ON, based in Duesseldorf, Germany, is one of the world's leading energy companies. The purpose of the seminar was to acquaint the technical and management personnel from E.ON and TUV on the potential future installations of NNRF's proprietary shielding materials, FEECOM/BIECOM. The seminar also included applications for shielding and disposal techniques for specific decommissioning projects both existing and planned over the next 20 years.

From this seminar NNRF expects to get a technical request from E.ON for an installation of the first production run of its composite shielding materials in a nuclear facility in Central Europe within the next 30 days and to make the effective permanent installations in the 4th quarter 2007 and the 1st quarter 2008.

From the period April to September, 2007, FEECOM/BIECOM materials have been extensively tested and multiple applications have been developed at Fachhochschule Hannover. These tests confirmed such characteristics and parameters as toxicity, flexibility, thermal characteristics, disposal following use, and corrosion resistance.

As a result, a new family of materials was designed for different applications. It is now possible to calculate all components of the application prior to commencement of production in accordance with the requirements of each specific customer installation. During these studies mechanical properties were also confirmed. This allows NNRF to offer a broad range of products. A test report of FEECOM/BIECOM is available at http://www.nnrf.com.

For X-ray protection in medical and dental applications a newly developed shielding material to substitute for lead was created with the assistance of the Fachhochschule Hannover. This newly developed application for Hospitals, X-Ray facilities in Doctor's and Dentists's offices can now be substituted for all lead shielding applications that are used daily in these facilities.

Fachhochschule Hannover and NNRF intend to commence the installation of an initial production facility in the upcoming months in Hannover. An engineering study is to be immediately undertaken jointly by NNRF and the Fachhochschule for the construction of the production facility. Equipment for this facility has been ordered and paid for.

Fachhochschule Hannover will support all scientific quality controls. This manufacturing facility will also undertake the completion of the final specifications for production of FEECOM and BIECOM for various applications to be used at the Northern Dimension Environmental Partnership (``NDEP'') projects in Northwestern Russia (http://ec.europa.eu/external_relations/north_dim/).

NNRF has been chosen by the project management team of the NDEP and ICES - the Moscow based International Center of Ecological Security - as one of the sub-contractors in this US$4 Billion G-8 funded project. NNRF shielding and disposal technologies for these G-8 funded projects are currently undergoing final engineering at the Russian engineering agency charged with the responsibility of specification of the required materials for these projects.

Professor Schewe, head of the department of the Fachhochschule Hannover stated, ``The scientific work conducted over the last several months with these new proprietary materials was a challenge. We are active now with marketing to joint industrial partners to develop further specifications and applications.''

Dr. Engelmann, head of shielding technologies for NNRF and the inventor of FEECOM/BIECOM stated further, ``NNRF anticipates implementing the first installation of FEECOM/BIECOM at a radio-nuclear medical center in Southern Germany in the fourth quarter.'' Dr. Engelmann added, ``NNRF has entered into active promotion of our shielding materials in Europe to multiple market segments, including nuclear power plant facilities and medical facilities. Further, the European law (directive of the European commission 3099) obligates all users of lead to bring the toxic emissions down to ''zero`` by 2010 (see also Germany: TRGS 505, ''Technical rules for hazardous materials`` (http://www.baua.de). We believe that FEECOM/BIECOM will play a decisive role in serving as an ecologically friendly substitute of lead in global markets.''

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 potential and other prospective presentations by NNRF. 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. NNRF 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 NNRF's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.



Contact:
          NNRF, Inc.
          Shareholder Relations
          (818) 610-2028


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Source: NNRF, Inc.