Nutek Inc. Posts Monthly Sales Record.

LAS VEGAS, Dec 4, 2002 (BUSINESS WIRE) -- Nutek Inc. (NUTK) today announced that the Company reached record monthly sales with unaudited November 2002 revenues of approximately $658,000.

Murray Conradie, CEO, stated, "November 2002 was the largest revenue month in the Company's history, surpassing the prior record month's performance by 7%. The record revenues for the month of November of $658,000 reflect an increase of 41% over the same month in 2001."

"These results demonstrate the soundness of the changes we made in our business strategy," added Scott Kincer, COO. "We have proven our ability to not only sustain, but increase the Company's profitability and financial strength."

Jason Griffith, Nutek CFO, commented, "By decreasing our overhead and increasing operational capacity, coupled with expected revenue increases in 2003, we should be able to maintain improvements in our financial and operating results."

"We have seen our operating results improve significantly given our renewed focus on core operating strengths and expense reductions during this past year," concluded Conradie.

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.