LAS VEGAS, Jun 3, 2003 (BUSINESS WIRE) -- Nutek Inc. (NUTK) subsidiary Datascension Inc., announces prior ten months revenues increase 120% over comparable period.

Commenting on the strong trends, Nutek COO, Scott Kincer said, "We have seen a 120% increase in business from Datascension over the last 10 months compared to the same period in 2001/2002. Continued growth in 2003 indicates existing customers are clearly confident and satisfied with our services. Revenues from our top 10 customers have increased 128% during this same period."

Kincer continued, "Numerous new companies have sought us out, and we have increased our customer base by approximately 81% over the last 8 months. From existing customers, we have received additional expanded commitments. Our orders have continued to grow to record levels as we continue to experience robust and increasing demand for our services. Furthermore, we are currently in significant contract negotiations with two companies that are listed in the top 15 market research firms in the world to provide our services to them."

Murray Conradie, Nutek President and CEO, commented, "We are especially pleased with the continuing growth in our independent customer base, and have recently concluded our fifth straight profitable quarter with earnings for these quarters totaling $868,517 on revenues of $8,159,153."

Commenting on client growth, Kincer concluded, "We continue to expand our market share and have set our vision to become the industry leader in our field."

Conradie concluded by saying, "Datascension has the resources, systems and talent to outperform as it has done in previous challenging environments. We expect to rapidly meet our goals to become the market leader in our field. We view this time as an opportunity to dramatically increase our market share."

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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.