Nutek recieves 300,000 unit order for NuLight
Nutek Inc. Receives Three-Year Commitment for
NuLight
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--March 29, 2001--Nutek
Inc. (OTCBB:NUTK - news)
announces receipt of three-year commitment for NuLight Product.
Murray Conradie, Nutek CEO, stated, ``The NuLight product has received a
tremendous response to initial test
marketing resulting in All Around Lighting Inc. a leading lighting distributor
increasing their initial order from 2,500 units to
supplying Nutek a 300,000 unit commitment in writing for a three-year period.''
About the NuLight product:
The NuLight switch cover plate is a revolutionary safety lighting device for every
home, office, hotel and hospital. All that
is required is to unscrew the existing light switch cover plate and screw on our new
safety cover plate. No wiring is
required.
In the event of a power failure, electrostatic sensors immediately activate light
diodes in the cover powered by
ENERGIZER batteries which will illuminate a regular room for several hours. Most
light switches are located at an
entryway, therefore, amber lights will be used for internal room light covers and red
lights on exit way covers.
About All Around Lighting:
All Around Lighting a leading lighting supplier located in Irvine, Calif. with an
additional operation The Light Bulb Source,
located in Honolulu is recognized as a premier supplier for all lighting needs. They
have been serving the lighting consumer
since 1985 and specialize in Long-Life, Full Spectrum and Energy saving lighting
products. All Around Lighting's Web site
is www.allaroundlighting.com.
Conradie further stated that, ``Nutek will be requesting an extension to file our
Annual 10K due to changes required with
the removal of Elite Fitness as a subsidiary. We do however, anticipate record net
earnings of approximately $225,000
for the fiscal year 2000.''
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, the company's failure to
implement its business strategies and other risks.
Contact:
Nutek Inc.
Donald Hejmanowski, 702/914-7584
Fax: 714/799-5466
E-mail: investors@nutk.com
Web site: www.nutk.com |
