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To: M, Anderson who wrote (9966)	9/21/1999 8:54:00 AM
From: LawStor	Respond to of 150070

News out @ KAHI should do well, fully reporting 25MM float. Nutek Inc. Confirms Strategic Alliance with Kaire Holdings Inc. Business Editors and High-Tech Writers LAKE FOREST, Calif.--(BUSINESS WIRE)--Sept. 21, 1999--Nutek Inc., (OTC BB:NUTK), a holding company, confirmed the Strategic Alliance formed with Kaire Holdings Inc., (OTC BB:KAHI). Nutek confirmed that it has completed a sales and marketing agreement, a joint developmental agreement and a promotion and revenue sharing agreement with Vitaplanet.com, a division of Kaire Holdings Inc. Vitaplanet.com is a provider of health, beauty and wellness products on the Internet, and is about to launch their online pharmacy. Vitaplanet.com will be only one of a small number of online pharmacies that can market and sell more than 10,000 prescription pharmaceutical products throughout all 50 states. Vitaplanet.com has a very strong niche in the market where other players include CVS Corp. (CVS), drkoop.com Inc. (KOOP), Drug Emporium Inc. (DEMP), drugstore.com Inc. (DSCM), Healtheon Corp. (HLTH), Longs Drug Store Corp. (LDGE), OnHealth Network Corp. (ONHN), Rite Aid Corp. (RAD) and Walgreen Co. (WAG). Under the agreement, vitaplanet.com will be the featured online pharmacy in the Nutek online shopping mall, which already has over 1 million products for it's debut in early October. Vitaplanet.com will in turn also distribute our very successful Navy Seal Exercise videos on the vitaplanet.com Web site. Additionally, Vitaplanet.com and Nutek have agreed to join together in the development of specific exercise and fitness products marketed for vitaplanet.com's targeted audience, the senior market. These will be created using Veteran Navy Seal Scott Helvenston of Elite Fitness Systems Inc., one of Nutek's subsidiaries. As the company grows its online shopping mall over time, it intends to offer products as well as services found on sites such as Amazon.com (AMZN), eBay (EBAY), shopping.com (IBUY), cdnow (CDNW) and Beyond.com (BYND). According to Jupiter analyst Ken Cassar, about 17 million people will come onto the Internet for the first time this holiday season; furthermore, Jupiter has estimated online holiday spending will jump to $2.3 billion, up from $1 billion last year, and Forrester Research expects it to reach $3.5 billion. 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. These risks and uncertainties include, among other things, volatility of prices, product demand, market competition, risks inherent in the company's operations. --30--JS/np* CONTACT: Nutek Inc., Lake Forest 949/587-9400 Fax: 949/587-9534 E-mail: investors@nutk.com Web site: www.nutk.com KEYWORD: CALIFORNIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED INTERACTIVE/MULTIMEDIA/INTERNET MEDICINE PHARMACEUTICAL Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Sep-21-1999 04:19 GMT Symbols: US;NUTK US;KAHI Source BW Business Wire Regards, Elwyn