August 20, 2003
Trend for Outsourcing Data
Collection Sends World’s Leading Research Firms to Nutek’s
Datascension.
LAS
VEGAS - August 20, 2003 -- (BUSINESS
WIRE) -- Nutek, Inc.'s (NUTK-otcbb)
subsidiary, Datascension, a leading
data processing and market survey
firm, is becoming the market survey
firm of choice for many of the
world’s announced top market
research companies. Datascension
today announced that it has
completed several data collection
projects totaling $600,000 for a
European-based market research firm
rated as one of the top in the
world, as well as a commitment for
ongoing projects with the firm. This
firm, which cannot be named due to
confidentiality agreements, joins
the more than 80 market research
firms and corporate market research
departments, such as Davidoff, that
are already utilizing Datascension’s
services.
This new client, provides millions
of professionals around the globe
with knowledge and business
intelligence from the information
collected for them from thousands of
specific market data reports,
numerous trade magazines, trade
shows and business events.
Datascension is facilitating the
client’s telephone data collection
and reporting processing for
numerous market segments.
“We are extremely pleased to provide
services for one of the world’s
leading market research companies
that measures retail sales of
consumer packaged goods, studies
consumer attitudes and behavior, and
provides media and entertainment
information,” stated Scott Kincer,
Nutek COO and Datascension
president. “Although our primary
focus is to become one of the
largest Hispanic surveying
companies, we also recognize the
need to stay diversified and expand
our market base through clients such
as this.”
As the trend for market research
companies and departments to
outsource market data collection
develops, the demand for
Datascension’s services is
increasing dramatically.
Datascension’s customer base has
grown by more than 80% and revenues
from its top 10 existing customers
increased by 128% over the past 10
months.
“Our seasoned management team has
leveraged their technological
expertise and the tremendous
personnel resources available in
Costa Rica to create a world class
infrastructure that delivers
exceptional results for all of our
clients, placing us head and
shoulders above the competition,”
stated Murray Conradie, Nutek
President and CEO. “We’re in a
fantastic position to attract
business being outsourced by market
research companies and departments.
Our state-of-the-art reporting and
monitoring capabilities, coupled
with the service delivered by our
highly educated staff provide a
tremendous value that we believe
stands unmatched.”
“This new client is very satisfied
with the level of service and
professionalism within our
organization and it has played a key
role in their decision to continue a
business relationship with us,”
noted Joseph Harmon, vice president
of Datascension and director of
Marketing.
About Datascension
Datascension, a premier data
solutions company headquartered in
Brea, Calif., embodies a unique
expertise in the collection, storage
and processing of marketing data.
Employing hundreds of bilingual
professionals, the company is
quickly becoming one of the largest
Spanish-speaking call centers.
Datascension's commitment to
customer service, quality and
on-time project management has
fostered its world-class reputation
among major market research firms
and corporate market research
departments. Further information is
available at: www.datascension.com.
About Nutek, Inc.
Nutek, Inc. (NUTK) is a public
holding company with primary
operations in three diverse
industries: Datascension Inc. a
leading data processing and market
survey firm; Nutek Oil Inc., an oil
and gas exploration and development
company; and Nutek Inc., a developer
and marketer of proprietary
consumer/commercial products.
Additional information is available
at www.nutk.com.
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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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