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Nortek Computers Ltd. Sold
New Owners Focus On Company Growth

North Bay, Ontario (May 31, 2006) - Nortek Computers Ltd. is pleased to announce that founder and owner Brian McGaffney has sold his company and moved on to other business endeavors. Over the last 25 years, Dr. McGaffney built the company into a thriving enterprise, successfully developing niche markets for most of its products.

Along with Brian's sale of Nortek, comes the announcement of new ownership and the future plans for Nortek Computers Ltd. as it continues to grow and remain a significant employer in North Bay. The new purchasers of Nortek are Bob Everest and Todd Muzyka. Both Bob and Todd are seasoned executives with each having over 20 years experience in the Information Technology (IT) sector.

Before purchasing Nortek, Bob Everest served as Vice President and General Manager of Persona Communications Inc., in Sudbury, Ontario for 7 years. At Persona he led over 270 employees to double digit sales growth while introducing industry leading products for its client base. Previously, he was employed at Bell Canada for 15 years in various senior management roles.

Todd Muzyka is the current owner of two Sudbury companies Computrek a northern based value added reseller (VAR) and CDS Limited, a custom development house. Both companies currently employ 21 people. For the past 20 years, he has successfully developed and implemented strategies to support growth and diversify his two companies in the fast paced IT marketplace. Now as an owner of Nortek, he brings to the table a proven track record in IT business management.

Together Bob and Todd will focus on day-to-day operations and provide strategic direction to grow the company. They will continue to leverage its role as a leading electronic design and engineering company to diversify its product offerings.

"The growth potential for Nortek is significant. Our primary business lines include repairing, refurbishing, and remanufacturing high-end storage devices such as hard drives and tape drives. Currently we have few major competitors in North America and our client contracts include IBM Canada, Reynolds and Reynolds North America, and Tracelogix. We are close to finalizing some additional and significant contracts and we look forward to continuing growth in both our domestic and international business lines right here in North Bay," states Everest.

Muzyka adds, "Our other significant business line, which accounts for 20% of Nortek's revenues is our data and password recovery division. This market has been growing at about 50% annually and this growth is expected to continue. Businesses all over the world rely on electronic storage of vital information, so when a storage device fails it is costly and possibly disastrous. With an industry leading success rate, we are the natural choice for data and password recovery."

"As with most successful companies, our real strength and the foundation of the company is our employees' hard work and dedication. We have no doubt that this most valuable asset has carried the company for the first 25 years and will continue to be a great part of our growth and diversification for the future," agree the new owners.

About Nortek Computers Ltd.

Founded 1981 and based in North Bay, Ontario.

Nortek Computers Ltd is a world leader in electronics engineering and reverse logistics, servicing the business to consumer and business to business markets. Nortek is certified to ISO 9001:2008 standards by the Quality Management Institute (QMI). Innovative, quality solutions and products ranging from our highly successful data recovery processes to high volume system/laptop repair to enterprise class storage systems, demonstrate Nortek's ability to adapt and perform on a consistent basis. Our high volume logistics and testing services are a fine example of this. Nortek’s custom engineering and consulting services provide corporate customers with sensible, creative solutions for their unique challenges.

For more information visit www.nortek.on.ca