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.

Commenting on the company's consistent revenue growth, Murray Conradie, CEO stated, "Last month again was an improvement over the comparable month; in fact of the past 38 months, 36 of those posted increased sales revenue when compared to the previous period.  I'm extremely pleased with our sales staff's strong performance, and we anticipate continuing this trend in the months to come."

"It's gratifying to see our sales momentum continue," added Scott Kincer, Nutek COO.  "Our improved internal processes, the quality of our service and the fact that we offer excellent customer service are all contributing to our success.  I am also very proud of our sales team, as they have gone above and beyond to help us achieve our goals.  As we continue in these efforts and add additional resources to handle this increased business, we see an excellent opportunity to increase our resulting profits substantially."

In a further development, Conradie stated, "The TekPlate product is beginning to gain a great deal of media attention, with 3 news channels providing coverage of this product.  The latest station to provide coverage will be out of Oklahoma City beginning today and running for a full two weeks.  This station will be providing their viewers the opportunity to receive one of over 200 Tekplates they will be giving away.  In early June the TekPlate will also be featured in Fort Myers, Florida on the local news channel."

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., 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.