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To: CoffeePot who wrote (30391)	8/11/1998 9:52:00 AM
From: CONANN	Respond to of 34592

NUTK News Out: utek Inc. Announces Record Earnings; 1998 Revenues Increase Projected LAKE FOREST, Calif.--(BUSINESS WIRE)--Aug. 11, 1998--Nutek Inc. (OTC/BB:NUTK) Tuesday announced that the second half of 1998 will bring record revenues to the company of over 24 times the 1997 figures, and a projection of $0.10 earnings per share. The revenue projections represents just the beginning of a fast and consistent increase in revenues and profits that will last for years to come, and creates a conservative but realistic environment for the stock to grow to a minimum of $1.00 per share over the next 5 months. Management feels that with the unique patented products, television infomercials along with an excellent network of thousands of retail stores like Wal-Mart, Radio Shack, Kmart and many others for national and international markets has a unique and sophisticated strategy for success. In the next 5 months, Nutek will bring to market a minimum of 3 unique patented products, starting with: 1. September: THE CAR CELLULAR PHONE HOLDER 2. October: THE FULL SERVICE PLATE 3. November: THE UP-RIGHT SNOW SHOVEL DEVICE Nutek is currently working on finalizing tools to manufacture 3 additional products, applying for patents for 4 more products and evaluating numerous of other new products. This provides Nutek with the luxury of selecting only those products that fit their criteria of uniqueness, marketability, volume sales, and profitability. For further information, call 888/720-9000 or go to www.NUTK.com. CONTACT: Nutek Inc., Lake Forest George Sassone, 949/587-9400 Fax: 949/587-9534 KEYWORD: CALIFORNIA BW1053 AUG 11,1998 4:20 PACIFIC 07:20 EASTERN