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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