Nutek 's Sales Commitments Increase to $13.2 million.

HENDERSON, Nevada - (BUSINESS WIRE) - July 22, 2002 -- Nutek Inc. (NUTK-OTCBB), a publicly traded holding company, today announced an additional $1.2 million in commitments and an update on the Nutek Oil Inc. filing with the NASD.

“We are extremely pleased with our continued revenue growth,” commented Mr. Conradie. “Not only do these multi-year contracts assist us in long term planning, but by keeping our expenses in check, we anticipate being able to continue on our current path of profitability for the future. These recent commitments now bring the total commitments to approximately $13.2 million since acquiring Datascension”

“We have received an additional $1.2 million in multi-year commitments from one of the largest research groups for the entertainment industry,” commented Mr. Kincer, Nutek COO and Datascension President. “The caliber of the clients we are attracting is very encouraging and shows the effectiveness and quality of our services. I am very proud to further announce that we recently completed 92,000 surveys within a 12 day period on one of our government projects, concluded Mr. Kincer”

In conclusion Mr. Conradie stated “We recently received what we hope could be the final 3 comments from the NASD relating to the spin-off of Nutek Oil. The acceptance of our filing by the NASD, will then allow Nutek Oil to trade as an independent public company. We intend having our responses back to the NASD within 48 hours.”

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.