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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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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