Nutek Announces Expansion of Costa Rica Call Center Facility.Business Editors/High-Tech Writers LAS VEGAS--(BUSINESS WIRE)--July 17, 2003 Nutek, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NUTK) subsidiary Datascension, 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 research firm, announced today that it is expanding its operations in 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. by adding an additional 100 seats to its call center. The company is currently evaluating other international locations and expects to announce the expansion to an additional international location within 45 days. "This new international facility is expected to open in October 2003 with 100 seats and a capacity for up to 250 seats," said 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. . "Our decision to expand is based on the continued growth of the Company, which completed its sixth successive profitable quarter in Q2, 2003." "Our superior service and state-of-the-art technology have attracted major new clients and additional business from existing clients so we are quickly nearing our current facility capacity," said Scott Kincer, COO of Nutek and president of Datascension. "In addition to accommodating the growth from our inbound call center and data collection services, the new and expanded facilities will allow us to develop our database management and reporting services, which provide greater margins." The Costa Rica expansion and the new international facility will be executed in several stages to provide additional capacity as Datascension needs it. Based on current growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. , Datascension is on track to have approximately 1,000 seats in its call centers by 2005. About Datascension Datascension, a premier data solutions company, embodies a unique expertise in the collection, storage, processing and interpretation of data with emphasis and commitment to absolute customer service, quality assurance and on-time project management. Datascension's management team has over 30 years of success in developing and implementing client solutions. Datascension's extensive list of satisfied customers includes major market research firms and hospitality, entertainment, and automotive sector companies. Datascension, headquartered in Brea, California Brea is a city in Orange County, California, United States. The population, as of 2007 is 39,560. The city began as a center of crude oil production, was later propelled by citrus production, and is now an important retail center because of the large Brea Mall and the , is the centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. location for the majority of its services. Datascension, which already employs hundreds of bilingual Spanish-English speaking callers, is seeking to become one of the largest Spanish-speaking phone centers. Further information on Datascension is available at: http://www.datascension.com. About Nutek, Inc. Nutek, Inc., (OTCBB:NUTK) is a public holding company with a concentrated focus on three primary operating divisions, diversified in very different industries: Datascension Inc. a premier data solutions company with operations in Brea, Calif., and Costa Rica; Nutek Oil Inc., based in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. has oil and gas interests; and Nutek Inc., which is devoted to the acquisition, development and marketing of proprietary consumer/commercial products. Additional information on Nutek 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 (as such term is defined in the Private Securities Litigation Reform Act of 1995) 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 beliefs of the management of the Company, as well as assumptions made by and information currently available to the management of the Company. When used in this press release, the words "estimate," "project," "believe," "anticipate," "intend," "expect," and similar expressions are intended to identify forward-looking statements. Such statements reflect the current views of the Company 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. The Company does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
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