General Motors Implements NuTech Solutions' Vehicle Distribution System -VDS-

    DETROIT and CHARLOTTE, N.C.--Feb. 7, 2003--NuTech Solutions, Inc. ("NuTech"), a premier provider of predictive analytics and profit optimization software for Global 1000 companies, announced today that General Motors has completed the installation and testing of NuTech's Vehicle Distribution System (VDS).
    "General Motors Remarketing believes that NuTech's Vehicle Distribution System (VDS) has helped, and will continue to help, us make more efficient vehicle logistics decisions and aid in improving our operating results," said Jeff Heichel, GM's Director of Used Vehicle Activities.
    Designed for banks, leasing companies, car rental agencies, and other organizations that remarket vehicles, NuTech's Vehicle Distribution System (VDS) can help these organizations maximize the resale value of used vehicles by giving them the power to optimize the distribution and allocation of vehicles to auction sites. NuTech's Vehicle Distribution System (VDS) is able to evaluate millions of different distribution scenarios, and uses multiple Artificial Intelligence technologies simultaneously to find those that provide the highest resale value for used vehicles sold at auction sites.
    "As an adaptive, self-learning system, NuTech's Vehicle Distribution System (VDS) can take auction prices, transportation costs, and other values, and evolve models that dynamically respond to real-world changes," said Matthew Michalewicz, NuTech's Chief Executive Officer. "Proven in production use at General Motors, NuTech's Vehicle Distribution System (VDS) promises to revolutionize the way in which auto leasing companies remarket their vehicles to maximize profit."
    NuTech's other recent successes include the signing of several key customers, as well as the appointments of Lech Walesa, the former President of Poland to its board of directors.

    About NuTech Solutions, Inc.

    NuTech Solutions, Inc. provides predictive analytics and profit optimization software products for Global 1000 companies in the financial services, manufacturing, and retail industry, as well as for government organizations. Based in Charlotte, N.C. and with offices around the world, NuTech's products produce measurable increases in financial performance for its users. The company's client roster includes General Motors, Ford Motor Company, Bank of America, Siemens, BB&T, ChevronTexaco, BMW, Beiersdorf, U.S. Department of Defense, Corning, Polish National Air Force, FujiTec, and Unilever.

    Forward-looking (safe harbor) statement

    Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes", "plans", "expects" or "intends" and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.