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Microcap & Penny Stocks : NUTK

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To: Ken Johnston who wrote (109)8/24/1999 9:09:00 AM
From: Ken Johnston  Read Replies (1) of 141
 
News out on becoming reporting...

Nutek Inc. Announces They Are Preparing to Meet Their Reporting Requirements
LAKE FOREST, Calif.--(BUSINESS WIRE)--Aug. 24, 1999--Nutek Inc., (OTC BB:NUTK - news), a holding company, Tuesday announced they have started the process to meet their reporting requirements.

Nutek has signed on the services of Berg & Co. LLP, who are consultants and certified public accountants experienced in auditing and SEC compliance. Berg & Co. will be responsible for the compilation of the final audited reports and assist Nutek in the ongoing compliance measures.

Additionally, Nutek has signed on the services of Owen M. Naccarato, Attorney at Law, CPA specializing in SEC law. Naccarato will be preparing all of the necessary legal information in the Form 10 and act as securities counsel for the filing. Naccarato will also handle Nutek's SEC compliance on an ongoing basis.

Murray Conradie, Nutek president/chief executive officer, stated, ``I am very pleased to be associated with these very capable companies to assist us in completing the necessary audits and filings in order to make us fully reporting. We have been given a filing date of December 1999 by Berg & Co.'

Safe Harbor Forward-looking Statements:

Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of prices, product demand, market competition, and risks inherent in the company's operations.

--------------------------------------------------------------------------------
Contact:

Nutek Inc., Lake Forest
949/587-9400
Fax: 949/587-9534
E-mail: investors@nutk.com
Web site: www.nutk.com
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