Company Receives Governor's Award

HENDERSON, Nev., Apr 10, 2002 (BUSINESS WIRE) -- Nutek, Inc. (NUTK), a publicly traded holding company, reported today that their Tekplate(TM) product has been selected for testing and evaluation by a portion of the HandyMan Club of America's 900,000 readership, publisher of HANDY Magazine. Tekplate(TM) will receive HandyMan's Seal of Approval based on receiving a greater than 66% "recommended" rating by the impartial responding testers. Such a rating would assist in the product's national exposure, as well as enhance the unit sales volume of this new product.

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Nutek Forecasts Profitability for First Quarter 2002 and for Full Year

HENDERSON, Nevada, Apr 8, 2002 (BUSINESS WIRE) -- Nutek Inc. (NUTK), a publicly traded holding company, announced today that they would be filing the corporation's Form 10-QSB with the Securities and Exchange Commission before the end of this month, for the three-month period ended March 31, 2002. Nutek said that the revenues for the period would definitely exceed $1 million. Furthermore, net profit for the period should exceed $100,000.

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