SOURCE: iTeknik Holding Corporation

March 24, 2010 09:30 ET

iTeknik Holding Corporation Engages Investment Banking Firm to Assist in Analyzing Strategic Business Alternatives

COMMERCE, MI--(Marketwire - March 24, 2010) -  iTeknik Holding Corporation (PINKSHEETS: ITKH), a leader and innovator in the telecommunications industry, announced that its Board of Directors has retained DME Securities LLC as the Company's financial advisor. DME Securities will assist iTeknik in analyzing a wide range of strategic options, including potential financing and merger and acquisition opportunities. 

Fred Wicks, Chairman and CEO of iTeknik Holding Corporation, stated, "With economic conditions improving, and our restructuring phase completed, we believe that now is the ideal time to analyze options which would help us grow. One of the options we are considering is to raise $2 million for marketing, new software and equipment, and up-listing to the Bulletin Board or NASDAQ. Other options include a plan to look for suitable acquisitions in order to accelerate our growth further."

About iTeknik Holding Corporation

iTeknik Holding Corporation provides wholesale and retail telecommunications services, and products worldwide. Its services include voice over Internet protocol origination and termination; A-Z routing and switching; wholesale carrier routing services; reseller billing and reporting; Web-based reseller solutions; prepaid calling card solutions; international cellular calling; and retail point of sale solutions. The company serves B2B carriers, telecom resellers, retail outlets and consumers direct through websites such as www.greatminutes.com and www.indiaminutes.com. iTeknik Holding Corporation was founded in 2007 and is based in Commerce, Michigan. Through its subsidiaries, iTeknik has more than 13 years of history in the telecommunications industry. For more information please visit website www.iteknik.com and www.sendglobal.com

About DME Capital LLC

DME Capital LLC is a full service investor relations firm, representing growth oriented companies to the investment community. Investor Relations services include financial community and media relations, editorial services and interactive communications, as well as administrative, consulting and advisory services. DME Capital LLC ensures money, fund, and portfolio managers, financial analysts, brokers and individual investors receive a constant flow of information and updates. To learn more about DME Capital LLC go to www.dmecapital.com.

DME Securities LLC is a Member Firm of the NYSE, FINRA and a licensed broker-dealer.

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.

Contact Information

  • DME Capital, LLC
    Steven Marcus
    917-648-0663