Nutek Inc. Announces Final Acceptance by the SEC
HUNTINGTON BEACH, Calif., Dec 4, 2000 (BUSINESS WIRE) -- Nutek Inc. (Pink
Sheets:NUTK) Monday announced that their latest response from the Securities and
Exchange Commission is that the Form 10 filing is complete with no further
comments.
Murray Conradie, Nutek president, expressed his complete satisfaction as he
stated, "We have now met all necessary filings and compliances to make us a
fully reporting entity." He also announced that the shareholders would be
receiving a newsletter in the near future describing some of the various growth
programs for Nutek and the shareholders.
The completion of the SEC compliance now allows everyone at Nutek to focus
completely on future business and profit centers.
"I realize this has been a very long and drawn out process, but I would like to
thank the examiners we have worked with at the SEC who have been very helpful
during this process. I would also like to thank all those shareholders who have
remained with the company throughout this process and welcome those who have
recently joined us," stated Conradie.
Finally, Conradie stated, "following a conservative past year during which we
have been working through this compliance process, we can now look forward to
moving ahead to achieve further growth in Nutek."
Safe Harbor for 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. Such risks and uncertainties include, but
are not limited to, market conditions, competitive factors, the ability to
successfully complete additional financings and other risks.
CONTACT: Nutek Inc., Huntington Beach
Richard Overdorf (investor relations), 714/799-7266
Fax: 714/799-5466
E-mail: investors@nutk.com
Web site: www.nutk.com
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