June 3, 2003

Positive Growth Momentum Continues for Nutek Inc.; Strategic New Customers Driving Robust Growth.

LAS VEGAS, Jun 3, 2003 (BUSINESS WIRE) -- Nutek Inc. (NUTK) subsidiary Datascension Inc., announces prior ten months revenues increase 120% over comparable period.

Commenting on the strong trends, Nutek COO, Scott Kincer said, "We have seen a 120% increase in business from Datascension over the last 10 months compared to the same period in 2001/2002. Continued growth in 2003 indicates existing customers are clearly confident and satisfied with our services. Revenues from our top 10 customers have increased 128% during this same period."

Kincer continued, "Numerous new companies have sought us out, and we have increased our customer base by approximately 81% over the last 8 months. From existing customers, we have received additional expanded commitments. Our orders have continued to grow to record levels as we continue to experience robust and increasing demand for our services. Furthermore, we are currently in significant contract negotiations with two companies that are listed in the top 15 market research firms in the world to provide our services to them."

Murray Conradie, Nutek President and CEO, commented, "We are especially pleased with the continuing growth in our independent customer base, and have recently concluded our fifth straight profitable quarter with earnings for these quarters totaling $868,517 on revenues of $8,159,153."

Commenting on client growth, Kincer concluded, "We continue to expand our market share and have set our vision to become the industry leader in our field."

Conradie concluded by saying, "Datascension has the resources, systems and talent to outperform as it has done in previous challenging environments. We expect to rapidly meet our goals to become the market leader in our field. We view this time as an opportunity to dramatically increase our market share."

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995  

Certain statements contained in this press release are forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) and information relating to the Company that is based on the beliefs of the management of the Company, as well as assumptions made by and information currently available to the management of the Company. When used in this press release, the words "estimate," "project," "believe," "anticipate," "intend," "expect," and similar expressions are intended to identify forward-looking statements. Such statements reflect the current views of the Company with respect to future events, and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements. The Company does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
 

 

 


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