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Microcap & Penny Stocks : NUTK -- Ignore unavailable to you. Want to Upgrade?

To: Bill Evans who wrote (106)	7/28/1999 9:02:00 AM
From: Ken Johnston	Read Replies (1) \| Respond to of 141

News out on e-commerce for NUTK: Wednesday July 28, 6:58 am Eastern Time Company Press Release Nutek Inc. Announces Entry Into Internet Arena LAKE FOREST, Calif.--(BUSINESS WIRE)--July 28, 1999--Nutek Inc., (OTC BB:NUTK - news), a holding company, Wednesday announced its plans to enter into e-commerce. The company's Internet shopping mall is currently undergoing beta testing and the final construction phase. The Internet shopping mall is approximately 60 days away from launching. It will be carrying all of Nutek's products and due to the company's unique business model, it is expected to grow very rapidly, carrying many other vendor's products. The company is not the first to launch a shopping mall, but it is anticipated that the company's unique business model will allow the mall to compete with existing high profile malls, which will establish Nutek as a household name on the Internet. This is going to be a very exciting opportunity to launch Nutek into e-commerce. 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 www.nutk.com