For Release on October 31, 2007, Trading Symbol: NQB Pink Sheets: NNRI

NNRF, Inc. Announces ZAO EMPB ATOLL Q2 2007 Results

MOSCOW, October 31, 2007 -- NNRF, Inc. (Pink Sheets: NNRI.PK)today announced that its manufacturing partner ZAO EMPB ATOLL has reported its U.S. GAAP Q2 review.

The review, which was completed by ATOLL's auditors, CJSC Independent Consulting Group 2K Audit - Business Consulting, provides confirmation that the company continues to successfully meet income forecasts. ATOLL reported Q2 2007 gross revenues of US$19 Million and net after tax income of US$4.25 Million. NNRF owns 50% of ATOLL. Reporting of these results has been delayed due to issues related to the relocation of ATOLL, European summer holidays and logistic problems encountered by 2K during the period. NNRF expects to receive draft Q3 review statements from ATOLL in the first week of November.

NNRF also reports that ATOLL has successfully completed its relocation into new manufacturing facilities. These facilities place ATOLL closer to its customer base and will allow the company to be in regular contact with the end users of its products. In addition, ATOLL management anticipates that this relocation will result in improvements in operating efficiencies and reduction in operating costs.

During August, ATOLL's auditors became a registered firm with the United States Public Company Accounting Oversight Board (PCAOB). Management of both ATOLL and NNRF are dealing with issues related to the U.S. based auditors of NNRF being directly involved in both the quarterly reviews and year-end audit of ATOLL. As a manufacturer of spare parts for nuclear power plants, ATOLL is classified as a Russian secure facility. We are working with ATOLL management and our U.S. based auditors on developing a process that will allow our U.S. auditors to effectively manage and participate directly in the audit of ATOLL. Our U.S. auditors will be meeting with ATOLL's auditors in Moscow in December to plan and coordinate ATOLL's year-end audit. In addition, plans are in place to have our U.S. auditors in Moscow and participating in the year-end audit of ATOLL in January 2008.

NNRF and ATOLL management will be meeting with software suppliers in Moscow to select reporting software capable of generating both U.S. and Russian GAAP financial reports. This software will also allow NNRF management and U.S. auditors on-line access to the financial records of ATOLL for more timely access to financial information.

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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.

CONTACT:

NUCON-RF, Inc. - Shareholder Relations
818-610-2028