NuTech Solutions' CEO Named Finalist for Charlotte Chamber's Entrepreneur Award

Matthew Michalewicz Selected as One of Three Charlotte Business Leaders for Distinguished Honor

CHARLOTTE, N.C. -- May 5, 2003 -- NuTech Solutions, Inc., a premier provider of advanced predictive analytics and profit optimization software products for Global 1000 companies, announced today that Chief Executive Officer Matthew Michalewicz has been chosen as a finalist for the 2003 Charlotte Chamber Entrepreneur Award.

Since 1984, the Charlotte Chamber has recognized more than 50 outstanding business owners for their achievements.

"Matthew Michalewicz has done an exceptional job leading NuTech Solutions to success over the last three years, and I am pleased that his hard work to create shareholder value has been recognized by the Charlotte Chamber," said Lech Walesa, former President of Poland, who serves on NuTech Solutions' Board of Directors.

NuTech Solutions was also recently named one of North Carolina's Top High-Tech Companies for 2003 by KPMG and Business North Carolina magazine. The list of 30 leading companies compiled by KPMG includes both public and private technology businesses in North Carolina. NuTech Solutions led the group in revenue growth by a large margin.

In addition to numerous Fortune 500 clients such as General Motors, Bank of America, Ford Motor Company and ChevronTexaco, NuTech Solutions' software is deployed and in use at the U.S. Department of Defense, the U.S. Navy and the Polish National Air force. The company holds more than 40 patents and patent applications, and boasts a scientific staff that includes more than 30 Ph.D.s.

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 industries as well as for government organizations. Based in Charlotte, N.C. and with offices around the world, NuTech Solutions' 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, Honda, Air Liquide, Southwest Airlines, Proctor and Gamble, Boeing, Dupont, Safeway, Corning, Polish National Air Force, FujiTec, and Unilever. For more information about NuTech Solutions, visit www.nutechsolutions.com.

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.

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