2002

Home Our Company Services Newsroom Investor Relations Testimonials Careers Contact Us

Nutek Inc. Posts Monthly Sales Record.

LAS VEGAS, Dec 4, 2002 (BUSINESS WIRE) -- Nutek Inc. (NUTK) today announced that the Company reached record monthly sales with unaudited November 2002 revenues of approximately $658,000.

Murray Conradie, CEO, stated, "November 2002 was the largest revenue month in the Company's history, surpassing the prior record month's performance by 7%. The record revenues for the month of November of $658,000 reflect an increase of 41% over the same month in 2001."

Nutek Inc. Announces Certificated Ownership Requirements

LAS VEGAS, Dec 2, 2002 (BUSINESS WIRE) -- Nutek Inc. (NUTK) ("Nutek" or the "company") today announced that it is exiting the Depository Trust and Clearing Corp. (DTCC) and Canadian Depository for Securities Limited (CDS) post-trading settlement and clearing systems.

Nutek Posts Third Consecutive Quarter of Earnings; Quarterly Revenues Rise 82%

LAS VEGAS, Nov 6, 2002 (BUSINESS WIRE) -- Nutek Inc. (NUTK) today announced its financial results for the quarter ended Sept. 30, 2002.

Revenues increased 82% to $1,880,388 from $1,032,077 in the third quarter of last year. The increase was principally due to significant growth related to the aggressive sales efforts being made and recurring revenue from long-term contracts.

Nutek Reports 82% Increase in Third Quarter Revenues

Las Vegas, Nevada - (BUSINESS WIRE) - Oct. 29, 2002 - Nutek Inc. NUTK today announced revenues of $1,880,388 for the July/August September 2002 reporting period.

That figure represents an 82% increase over the same (3rd) quarter of the previous year.

Nutek Announces Sales Commitments increased $600,000

HENDERSON, Nevada - (BUSINESS WIRE) - September 26, 2002 -- Nutek Inc. (NUTK), a publicly traded holding company, today announced an additional $600,000 in revenue for its Datascension division.

Nutek Files Results for Second Quarter 2002

HENDERSON, Nevada - (BUSINESS WIRE) - August 1, 2002 -- Nutek, Inc., (NUTK), a publicly traded holding company, today submitted to the SEC its second quarter financial results.

Selected highlights for the three-month period ended June 30, 2002, include:

Nutek 's Sales Commitments Increase to $13.2 million

HENDERSON, Nevada - (BUSINESS WIRE) - July 22, 2002 -- Nutek Inc. (NUTK-OTCBB), a publicly traded holding company, today announced an additional $1.2 million in commitments and an update on the Nutek Oil Inc. filing with the NASD.

Nutek Announces Record Profitability for Second Quarter 2002

HENDERSON, Nevada - (BUSINESS WIRE) - July 17, 2002 -- Nutek Inc. (NUTK-OTCBB), a publicly traded holding company, announced today that net profits for the second quarter would exceed $225,000.00.

Nutek 's Sales Increase Continues With Contracts Now At $12 Million

HENDERSON, Nevada - (BUSINESS WIRE) - June 17, 2002 - Nutek, Inc., (OTCBB:NUTK) a publicly traded holding company, today announced another two million dollars in contracts for its Datascension division, bringing the total under contract to approximately $12,000,000; and the approval of the TekPlate™ product by the Handyman Club of America reviewers.

Nutek Announces Additional $1,000,000 in Contracts

HENDERSON, Nev., May 16, 2002 (BUSINESS WIRE) -- Nutek, Inc. (NUTK), a publicly traded holding company, today announced another one million dollars in contracts for its Datascension division, bringing the total under contract to approximately $10,000,000. Nutek also announces news coverage of the Tekplate in Oklahoma City.

Nutek Inc. Announces Opening of Datascension Costa Rica S.A.

HENDERSON, Nev., May 14, 2002 (BUSINESS WIRE) -- Nutek, Inc. (NUTK), a publicly traded holding company, today announced the expansion of operations to a new state of the art 300 seat call center in Costa Rica, Central America. This new facility, Datascension Costa Rica S.A., commenced operations Monday, May 13th.

Nutek Reports Results for First Quarter 2002

HENDERSON, Nev., Apr 30, 2002 (BUSINESS WIRE) -- Nutek, Inc., (NUTK), a publicly traded holding company, today submitted with the SEC its first quarter results.

Highlights for the three-month period include:

                -- Revenue of $1,461,142
                -- EBITDA earnings of $218,720
                -- Working Capital increased to $1,170,191