Henderson, NV. -- (PR Newswire) - October 17, 2001 -- Nutek Inc. (OTCBB:NUTK) announces the negotiation of several major contracts.

Nutek management is in the final negotiation stages of several large contracts for its newly acquired subsidiary, Datascension, Inc. These contracts average approximately $750,000 each in annual revenue and include industry-leading Sega of America Dreamcast, Inc.

Lea mas: Nutek Inc. Negotiating Contracts and Implements Cost Saving Measures

Henderson, NV. -- (PR Newswire) - October 10, 2001 -- Nutek Inc. (OTC Bulletin Board: NUTK) acquires Datascension Inc. for $2.2 million.

Nutek is pleased to announce the purchase of Datascension Inc., a debt free, profitable company, with approximately 210 employees. These additional employees will be further utilized in the management, order taking, packaging and fulfillment of Nutek product orders. Datascension will contribute approximately $3 million in annual revenue to Nutek and an additional $1.5 million in asset value made up of approximately $700,000 in cash and receivables and $800,000 in fixed assets.

Lea mas: Nutek Inc. Acquires Datascension Inc.