Datascension Growth Continues, Additional Call Center Capacity Operational.Business Editors/High-Tech Writers LAS VEGAS--(BUSINESS WIRE)--Sept. 18, 2003 Datascension, a leading data collection and market survey firm and subsidiary of Nutek, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NUTK) today announced that it is making significant strides in the execution of its strategic growth plan, both in securing new clients and developing additional capacity. Over the past 3 months, Datascension has added 14 new clients, including major market research firms and corporate marketing research departments. With the addition of these clients, Datascension now has 99 clients that are involved in a wide range of industries such as the entertainment industry, a luxury cruise line A cruise line is a company that operates cruise ships. Cruise lines have a dual character; they are partly in the transportation business, and partly in the leisure entertainment business, a duality that carries down into the ships themselves, which have both a crew headed by the , tobacco, media, automotive, fast food and political polling. "We are in the fortunate situation where we are continually attracting and signing new clients from a wide variety of industries, primarily from referrals and word of mouth, while at the same time growing existing accounts," said Scott Kincer, Datascension President and Nutek COO. "This helps us keep our cost of sales down and shortens our sales cycle to help increase profitability." "Our Spanish language Spanish language, member of the Romance group of the Italic subfamily of the Indo-European family of languages (see Romance languages). The official language of Spain and 19 Latin American nations, Spanish is spoken as a first language by about 330 million persons capabilities are filling a huge need in the marketplace and offer tremendous growth potential for us," Kincer added. "The Hispanic community is the fastest-growing minority group in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. today comprising 12.5 percent of the population which represents in excess of 35 million people. Yet, Hispanic Americans have the lowest Internet penetration of any major ethnic group. This factor plays in our favor since market surveying and data collection for this market segment needs to be undertaken primarily via phone versus the Internet. Additionally, the potential for the U.S. Hispanic market is staggering, and marketers need to fully understand the opinions of this market." Facility Expansion Operational Datascension's previously announced expansion of 100 seats to its Costa Rica Costa Rica (kŏs`tə rē`kə), officially Republic of Costa Rica, republic (2005 est. pop. 4,016,000), 19,575 sq mi (50,700 sq km), Central America. call center facility is complete and all seats are now operational. This additional capacity will be used to accommodate expanded projects from existing clients, as well as to accommodate new business for which the Company has already received commitments. We are currently concluding an extensive test and evaluation of a new international facility. This site will provide the additional infrastructure to support the continued growth and equally important to provide further redundancy to Datascension's other call center facilities. "Our facility expansion has progressed very smoothly and is ahead of schedule," stated Murray Conradie, Nutek CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We're extremely pleased with our progress and the fact that we're already profitable in our expanded Costa Rica facilities is an indication of the high level of professionalism of our employees. The rapid execution of our expansion will translate to increased revenues that we'll see in fourth quarter 2003 and a faster return on investment." About Datascension Datascension, a premier data solutions company headquartered in Brea, Calif., embodies a unique expertise in the collection, storage, processing and interpretation of marketing data. Employing hundreds of bilingual bi·lin·gual adj. 1. a. Using or able to use two languages, especially with equal or nearly equal fluency. b. professionals, the company is quickly becoming one of the largest Spanish-speaking call centers. Datascension's commitment to customer service, quality and on-time project management has fostered its world-class reputation among major market research firms and corporate market research departments. Further information is available at: www.datascension.com. About Nutek, Inc. Nutek, Inc. (OTCBB:NUTK) is a public holding company with primary operations in three diverse industries: Datascension Inc. a leading data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a and market survey firm; Nutek Oil Inc., an oil and gas exploration and development company; and Nutek Inc., a developer and marketer of proprietary consumer/commercial products. Additional information is available at www.nutk.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Certain statements contained in this press release are "forward-looking" statements (within the meaning of the Act) and information relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the company that is based on the company management's views, as well as assumptions made by and information currently available to the company's management. In this press release, the statements made reflect the company's current views with respect to future events, and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . |
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