NNRF Inc (NNRI)

[stocktiger]

This is for real shareholders -answers


This is for real shareholders or those with sincere interest.
As I had previously written the management is presently in the USA so, unlike when some or all are present in the Moscow office or in St. Petersburg at the ATOLL facility or in Kirov relative to the VELKONT and ELECTROPRIVOD acquisitions, it was not possible to secure answers in a day. Much of what was asked is already in the public domain and basic research would have provided the information. Notwithstanding this I called and wrote to the Moscow office and asked that the company respond at their earliest convenience. They have responded from the USA to me and the answers are directly from them without any editorial or other comment from myself.

While I am generally available to assist where possible, and unlike some who post or make websites, I do list my phone number. I am not a company spokesperson. My involvement in this company dates back to the fall of 2006 when I had heard through my Moscow network that a US company had established some rather unprecedented relationships with Federal Ministries and were focused in cooperation relationships that would potentially position them to participate in the formation, development and operations of the new State company ATOMPROM.

Knowing how extraordinarily successful GAZPROM had become and what potential there was in a State created behemoth in the nuclear industry I purchased stock in the company after further due diligence.

I then requested a meeting with the company and was, eventually, cleared by them to discuss, in their offices, their plans and operations. Since then I have become an enthusiastic supporter. I do not regard my enthusiasm as “pumping”.

As a matter or record I have been in Russia for 14 years and this does give me added insight into business operations and potential here.

I have never before in this time gone to a company and requested that they consider that I write about them on my web site. This company was then and is today, in my opinion, barely discovered. Once listed on principal exchanges in the US, Europe and Russia I am confident that there will be significant institutional and high net worth investors, primarily in Europe, who will recognize the value of the present assets, strategic partnerships and the end game.


1. When will the Russian Audit of Atoll be done and will they have to do a different audit to satisfy the SEC and is that predicated to Nucon being accepted to the Nasdaq or Amex.?

It is not predicated on acceptance to any principal exchange. The audit firm has performed the review of the First Quarter, 2007. The review will be signed by a PCAOB firm. A separate audit is not required. It will be consolidated into the First Quarter Financial Statements.


2. Does Nucon actually have any orders yet for Nucap?

Yes.

3. Has Nucon started shipping any of the equipment ordered for Sun City and do we know what the exact amount of dollars ordered to date?

Yes. Exact amounts will be included in quarterly statements included in Public Filings.


4. Any updates on the planned manufacturing facility for Feecom/Biecom in Europe?

The Company is proceeding as previously announced on a plant to be located in Lower Saxony, Germany and is continuing discussions with German government agencies for a grant in the Federal State of Brandenburg to defray the costs of the construction of this facility in this region. The Company has already established contract manufacturing facilities in Germany and is investigating contract manufacturing facilities in the Russian Federation for possible production and/or acquisition.

5. When will the G-8 make their decision in regard to reclamation of nuclear material and any idea where Nucon stands with that decision?

Decisions already made and the grants from donor countries are in place. Funding is supervised and disbursed by the EBRD to SEVRAO. SEVRAO then disburses to the various Russian contractors. NNRF is already in cooperation agreements (strategic partnerships) with multiple agencies chosen and approved for specific projects and engineering studies and actual applications proceeding according to established timetables. Nucon has publicly announced, in multiple releases, that it is already a participant in the prime contract team and has previously announced some of these existing cooperation agreements; others to follow when appropriate for public disclosure. We refer you to the Company release dated April 30 , 2007: “…….As an existing member of a prime contract team, we are participating in projects at nuclear, radiological and industrial facilities at former nuclear fuel disposal and refueling sites in Russia including Andreveva Bay, Saida Bay, Gremihka Bay, the specialized Federal technical boat Lepse, and the dry storage facility under construction at Zelesnogorsk for spent nuclear fuel….” There are substantial planning, engineering and application specific efforts underway by the Company in all of these areas. There exist multiple references available through research on internet; f.e.,Northern Dimension Environmental Partnership, EBRD, ICES, etc., etc. Suggest they review the evolution on this issue and that most importantly should understand that one of the three profit centers of the Company is Decommissioning and Disposal. See: Public announcements dated July 13, 2006, November 20, 2007, January 11, 2007, April 2, 2007, April 26, 2007, April 30, 2007 and May 16, 2007.

6. They are involved in so much presently is there any idea when the company will give us a PR on an overview of where everything stands?

The company issues PR’s when deemed relevant and not in conflict with confidential cooperation efforts with Federal Agencies that impose standards of confidentiality upon the company.

The Company’s policy is to issue information primarily on its web site. The Company has recently embarked on a project to completely reformat the web site and contents. It will include a feature that permits investors to pose questions to the Company without having to go through third parties.

7. Last, any idea when they might get approval on Nasdaq or Amex?

The Company is proceeding precisely as previously announced. The Company will issue a public statement when any relevant changes in this aspect of their business plan is appropriate.
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That concludes their response to me.
Serious investors often call.