LAS VEGAS, May 22, 2003 (BUSINESS WIRE) -- Nutek Inc. (NUTK) announces monthly sales record exceeded along with continued growth in operations.

The Company announces May to be a record sales month, having already exceeded the previous record set in November 2002 where revenues of $658,000 were achieved.

"Fiscal year 2002 was the most successful in the company's history and we feel confident 2003 will continue this trend," said Murray Conradie, president and CEO of Nutek.

Additional key achievements year to date include:

-- Strategic new customers, including services to several top market research companies;

-- The current evaluation of our call center facilities by leading industry outsourcers;

-- Continued expansion of Datascension's Costa Rican facilities;

-- The complete redesign of TekPlate packaging and marketing collateral; and

-- The commencement of a $1 million private placement for Nutek Oil preferred stock to existing shareholders.

Commenting on the first quarter, Nutek COO, Scott Kincer said, "This was an excellent first quarter for us given the reduced work days available resulting from the relocation to our new Datascension facilities in Brea, California. We are extremely pleased with the results and the cost savings associated with this move and look forward to another successful year.

"Our continued growth in 2003 indicates existing customers are clearly satisfied with our services, which has lead to numerous companies seeking our services. Recently, we received several large contracts with new customers, including additional commitments from our existing customers. Additionally, our backlog has continued to grow as we transition to becoming a leading provider of Spanish-speaking call center interviewers. We have continued to experience a robust and increasing demand for our services and have expanded our Costa Rican call center operations from 350 seats at year-end, to a current level of 490 seats with a further 80 planned by midyear to keep pace with this increasing demand.

"Our operations are running extremely well and we are very proud of the level of service we are providing our customers. The outstanding management team assembled is focused on the objective of excellence in customer service and support and we are excited about the opportunities we see to deliver value to our customers and to our shareholders," concluded Kincer.

Commenting on operations, Jason Griffith, CFO, said, "After completing our most successful year (2002), we began 2003 with great expectations and ambitious growth plans. The performance to date has exceeded all of our goals for sales growth, which makes these accomplishments even more gratifying considering the current challenges in the economy."

Mr. Conradie concluded by saying, "Looking ahead to the remainder of 2003, we know the economy remains uncertain and world events may affect us in unforeseen ways. Nevertheless, we believe the company continues to resonate strongly with customers in terms of value, selection and service."

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Nutek is a holding company, with a concentrated focus on three primary operating divisions, diversified in very different industries. Nutek is devoted to the acquisition, development and marketing of proprietary consumer/commercial products. In addition to this division, Nutek Oil, Inc., (NUTO-NQB) based in San Antonio, Texas, and Datascension, Inc., based in Riverside, California, round out the current operating units of Nutek.

Safe Harbor for Forward-Looking Statements

Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings, the company's failure to implement its business strategies and other risks.