Investor_DD website http://members.nbci.com/investor%5Fdd/Investor%20DD%20NUTK.htm Nutek, Inc. (NUTK: OTCBB) Nutek, Inc. 15722 Chemical Lane Huntington Beach, CA 92649 Tel : (714) 799-7266 Fax : (714) 799-5466 email: [EMAIL PROTECTED] President/CEO: Murray Conradie Investor Relations: Richard Overdorf Authorized Shares: 50,000,000 Outstanding Shares: 43,523,675 Preferred Shares Authorized: 5,000,000 Outstanding Preferred Shares: 793,500 Float: Approximately 27,000,000 Number of shareholder: Approx. 437. Number of Shareholders in street name: Approx. 1,063. Website: Nutek Inc. Home Page ( http://www.nutk.com/ ) Their website has a great deal of information, including links to all the divisions within Nutek, Inc. and links to their press releases. So, instead of providing live links to these items, we decided to direct you right to their website. SEC Filings: FreeEDGAR: Free Real-Time SEC EDGAR Filings (http://www.freeedgar.com/Search/FilingsResults.asp?SourcePage=CompanyList&; CIK=795824&UseFrame=1&FormType=&DateFiled=&CompanyName=NUTEK+INC) After what seems forever with NUTK being on the pink sheets, we have excellent news! They have cleared SEC comments and are about to become a fully reporting, compliant OTCBB company. The press release was issued today, 12-4-2000: Bloomberg.com : Quotes http://quote.bloomberg.com/analytics/bquote.cgi?ticker=NUTK_US_2&; version=marketslong99.cfg&view=bq#NEWS Because they had to be careful what kind of information they released during this re-listing process, there wasn't much in the way of press releases. They did not want to have to include any new information in their filings, which would have delayed the process even longer. So, you can imagine that after having been on the pinks for so long, and because they have so many different things going for them, they have plenty of pr's lined up ready to go. Due to the fact that this company has been off the radar screen of investors for so long, most people have completely forgotten about it. That's about to change. Much has transpired over the months. To bring you quickly up to speed, the first two big items are OIL and NATURAL GAS! They currently have 70 - 80 wells on about 5,000 acres of Texas land, pumping oil out of the ground. However, it is our understanding that they have already signed the paperwork to purchase an additional 46,000 acres. Recent rule changes in Texas has given NUTK the right to increase the number of current wells to one every 10 acres, instead of one every 20 acres. These new wells will be drilled between the existing wells. In other words, they will not have to spend more money exploring for oil on this property. They can simply place the wells between let's say, well #1 and well #2, which means a virtual guarantee that these extra wells will be pumping oil immediately. NUTK currently has an oil asset that is the equivalent of almost $10 per share depending on the price per bar! rel. It is estimated that there are 90 million barrels in place at a 12% recovery factor, i.e., approximately 10,800,000 barrels are recoverable! In regard to the Natural Gas, they estimate their reserves are worth at least $30,000,000! This will be fully developed in the very near future. The great part about this entire oil producing venture is the fact that there is very little overhead. The wells are all automatic, and just keep pumping away. NUTK has contracted with oil companies to simply stop buy and pump out NUTK's storage tanks -- that's it. NUTK does have an experienced geologist on site to keep an eye on things, plus, they contract with an oil crew, but only when they are needed. With the additional wells that NUTK will have available, just the oil portion of their business could be spectacular! Then add to that, the potential profits of the Electrostatic Light Switch, and you could be talking about really huge revenues. Then you have the other divisions within their company that will add even more revenues. Their second big item 2) The Electrostatic Switch Cover Plate. (ESCP.) This remarkable device has the potential to become as prolific as the smoke detector. The ESCP fits right over the normal light switch cover plate. No wiring is required. You simply replace the cover plate with this device. In the event of a power failure, an LCD safety light will come on and provide emergency lighting for an area 30' x 30' for up to 16 hours. We understand that the demand for this device is big. TV adds along with several big hardware stores are being worked on right now for distribution of this product. There are also contracts of over $6M with Korea that they are working on. We also have learned that there are about 72 representatives from the big hotels, motels, businesses, etc., around the country that are waiting to purchase the ESCP. The market for this device is virtually unlimited. Full production of the Electros! tatic Switch Cover Plate is scheduled to commence very soon. If you were to add the potential profits of just the Oil business and the Electrostatic Switch Cover Plate, we're talking about huge revenues. However, add to this the revenues from the other divisions within their company: Century Clocks; Elite Fitness; Kristi & Co; Handi-Plate; SRC International, Inc. and you have a diversified, multidivisional company on their way to producing great revenue. $5M Funding: We also have learned that NUTK has a Letter Of Intent for a $5M funding package as soon as they come off the pinks sheets, with another $5M to follow. 3 straight quarters of profit while on the pinks: Nutek, Inc. had a TOTAL Asset valuation of $1,002,745 on 03/31/1999 when Mr. Conradie took over as CEO. This number has now increased to $4,738,926 as shown in their latest SEC filing dated 11/28/2000, an increase of 473%!!! Sales for the first 3 quarters of 2000 compared to the WHOLE of 1999 are up 455%!!! These increases have been made while the company's hands have been tied while on the pink sheets. Think of what we can expect from the company in the next 12 months following a return to the OTCBB! Another interesting comparison is the level of debt when Mr. Conradie took over the company on 03/31/1999. Total liabilities were $1,254,107. As of the filing on 11/28/2000, this figure is now $1,901,683. Yet, what you have to understand here is that of the $1,901,683, there are three amounts that were added to the liabilities. In August 1999, the Electrostatic Switch Plate Cover was purchased, and has a balance of $670,000 for royalties which will come from the sale of the light switch. $639,948 for the balance of the Oil assets purchase and finally, $57,000 owed to Mr. Conradie for providing cash for the purchase of the clock molds. If you remove these 3 amounts from the $1,901,683 balance, we have a revised balance of the liabilities from those 1999 liabilities of $1,254,107, of only $534,735. This shows that of those 03/31/1999 liabilities, the company has reduced them by 57%. Ever since taking over the company, Mr. Conradie has been, and is continuing to work very diligently on reducing the debt to $0. When this is accomplished, you'll have a debt free company pulling in big time revenues! This company has all the makings of being the sleeper of 2000/2001 and beyond. Mr. Conradie is very determined to make this company a success. He has systematically gotten this company back into great shape. He has retrieved the 1,000,000 shares owed back to NUTK (stated in their filings), cleared the books of any outstanding lawsuits, hired an in-house Investor Relations representative, and has some great products already producing, and about to produce, what we believe will be big revenues. As always, it is up to you to decide what to do. We do not tell anyone to buy into any stock. We simply give you the best facts that we can. However, in our opinion, this company has real potential. 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