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Microcap & Penny Stocks : NuTek, Oil Company, currently at 1

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To: Mike Carlson who wrote (58)1/15/1997 4:06:00 PM
From: V.L. Ha   of 95
 
I don't think they're the same. From the release below, it clearly states that NuTec Services is in Texas, while the NuTek on this thread, I think, is based in Irvine, CA. And the spelling of the two companies are different.

BTW, I have no position in NuTek, I just got a cold call from a broker from SSFI in New York pushing NuTek and was just doing a little digging around for info.

Anyway here is the excerpt from the Dec23 press release from ROSS

NuTec Overview

NuTec Services, incorporated in 1995, is a leading-edge seismic technology company, which is privately held. It was created to service the growing market for sophisticated 3-D seismic imaging and processing. It has combined the latest developments in UNIX and parallel computer hardware to create a new computing strategy called concentric computing. NuTec's explosive growth from this development has resulted in the world's largest seismic migration center, one of the three most powerful commercial supercomputing centers in the world. NuTec's goal is to carry these computing strategies to the oil and gas, financial and telecommunications industries.

Further information is available from NuTec's headquarters in Stafford, Texas by calling 281/265-8899.
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