SOURCE: iTeknik Holding

October 22, 2007 07:45 ET

Detroit Phone Card Chooses iTeknik Subsidiary TeleCents for Its International Calling Services

Agreement Has Potential to Add Two Million in Revenues to TeleCents

COMMERCE, MI--(Marketwire - October 22, 2007) - iTeknik Holdings Corporation (PINKSHEETS: ITKH), a leading provider of innovative worldwide communication services, announced today that Detroit Phone Card, a leading provider of value added prepaid services and solutions, has chosen its TeleCents Communication, Inc. subsidiary to provide switching and termination services. The agreement, which continues a long-standing relationship between companies, is estimated to generate at least $2 million in additional revenues.

According to Rami Chahine, CEO of Detroit Phone Card, TeleCents will be working with Detroit Phone Card on a new product offering involving international calling services. Chahine said that TeleCents was selected because of its competitive rates and the quality of its calling lines.

"TeleCents will help us reach the most diverse market that we have gone after in the 12 years since we have been in business," said Rami Chahine, CEO of Detroit Phone Card. "We expect this new venture to generate considerable new revenues in the first year alone. Over the past seven years that we have worked with TeleCents, we have found that they certainly stand behind their products and offer competitive calling rates. In addition, their integrated technology reduces issues of clarity and compression on the calling lines themselves. We look forward to growing our business exponentially with this agreement."

Detroit Phone Card generates approximately $30 million in revenues annually and offers a number of prepaid services along with nationwide prepaid wireless services called O-Mobile PCS and Get Mobile PCS.

"This is a very lucrative agreement for us and Detroit Phone Card has the potential to be one of our largest customers to date," said Jeffry Lauzon, CEO and founder of TeleCents. "Detroit Phone Card has been an excellent customer of ours for years. They have a long-standing brand of prepaid calling services and another emerging brand with O-Mobile PCS. We look forward to being an integral part of their new product offering and believe it will be a winner with the international audience."

About iTeknik Holding Corporation

iTeknik Holding Corporation's (ITKH) strategy is to grow by acquiring companies with unique products, technology and solid growth potential. TeleCents Communications, Inc. (TCC) and Send Global Corporation www.sendglobal.com are wholly owned subsidiaries of ITKH. Together they have been offering cutting edge retail and wholesale telecommunications products and services for more than eleven years including International and Domestic gateway services through Tier-1 carriers. Through VoIP, data, and traditional communications platforms, iTeknik provides custom calling solutions and a proprietary ANI gateway solution. Send Global provides high quality, value priced international calls from the convenience of a mobile phone. For more information please visit our website www.iteknik.com.

Safe Harbor: This letter contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements. When used in the Annual Report on Form 10-K, the words "estimate," "anticipate," "expect," "believe," and similar expressions are intended to be forward-looking statements.

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