Nutek 's Sales Increase Continues With Contracts Now At $12 Million.

HENDERSON, Nevada - (BUSINESS WIRE) - June 17, 2002 - Nutek, Inc., (OTCBB:NUTK) a publicly traded holding company, today announced another two million dollars in contracts for its Datascension division, bringing the total under contract to approximately $12,000,000; and the approval of the TekPlate™ product by the Handyman Club of America reviewers.

"The quality of service we offer is becoming increasingly evident in the clients we are attracting. Our most recent contracts include the top-selling luxury nameplate automaker in the United States, and the leading Miami-based luxury cruise company that operates the most famous ocean liners in the world," stated Scott Kincer, Datascension President and Nutek COO.

"Furthermore, we are very pleased and excited to announce that the TekPlate™ product has received the Handyman Club of America Member Tested Seal-of-Approval with an approval rating of 95%.

This nationally recognized seal-of-approval for DIY products, proclaims to handymen everywhere that our product has been tested and recommended by their impartial members. The Handyman Club of America Member Tested Seal-of-Approval will now be used in ads, sales brochures, product packaging and stationery," stated Murray Conradie, Nutek's CEO.

"Additionally, this approval of the TekPlate™ will provide National exposure for this product with the publication of a full-color product photo and information, along with selected tester comments and the average tester ratings in the official Club magazine, Handy Magazine, which is sent to around 900,000 Club members."

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.