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.

In a separate announcement, Nutek has received a letter from Gov. Kenny Guinn, Nevada's governor, congratulating the company as one of the "state's primary businesses that have fueled the state's continued economic growth." Nutek will be honored next month at the annual Governor's Industry Appreciation event, held in Las Vegas. More than 1,200 business and community leaders attend this prestigious event. In addition, the company recently received the Economic Development Award from the City of Henderson to recognize Nutek's contribution to the healthy economy of the community.

Nutek CEO Murray Conradie commented, "We are extremely pleased to have this recognition from both our city and our state governments. It is a testament to our management and staff's commitment and diligence towards achieving Nutek's long-term objective of growing value in our company so as to create equity for our shareholders, while also contributing to our business community and being a responsible member of corporate America."

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, accomplished through the acquisition of exclusive proprietary rights in consumer/commercial products, by assignment or exclusive license agreement.

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.