SOURCE: iTeknik Holding Corporation

August 18, 2008 09:50 ET

iTeknik Holding Corporation Expands Global Presence With El-Wasel/NETelecoms Agreement

TeleCents to Provide Routing, Rating, and Web-Based Management Services for NETelecoms International Country to Country and Domestic Phone Traffic

COMMERCE, MI--(Marketwire - August 18, 2008) - iTeknik Holding Corporation (PINKSHEETS: ITKH), a leader in the telecommunications industry with two subsidiary companies, TeleCents Communications, Inc. and Send Global Corporation, today announced that TeleCents has a new agreement with El-Wasel Telecommunication Services, a leading provider of wholesale and retail services under the brand name NETelecoms for phone carriers in the Middle East, Singapore, the United Kingdom and the United States.

TeleCents will provide its premium and least cost routing products and services to NETelecoms. El-Wasel/NETelecoms, with headquarters in Amman, Jordan, will use TeleCents' converged network, which consists of time division multiplexing (TDM) and Voice-Over-Internet Provider (VoIP) platforms to rate, route and complete its network phone calls.

Moh'd Nour-Eddin, President of NETelecoms, stated, "Three years ago we chose TeleCents to provide us with routing over their TDM network. The result was that we earned the reputation in our markets as the service provider with the highest quality. TeleCents has outstanding human and hardware resources available to meet the demanding needs of today's global wholesale telecommunication companies like ours."

"NETelecoms represents the type of new business which will help us grow significantly," stated Jeffrey Lauzon, CEO and Founder of TeleCents Communications, Inc. "In the past we focused mostly on customers who would originate calls from the U.S. to other countries. With the quality and capacity of our new equipment and software systems, we are now able to add new global customers who originate phone calls overseas to all parts of the world."

About El-Wasel / NETelecoms

El-Wasel Telecommunications Services, which holds the brand name NETelecoms, is a TDM and PSTN wholesale carrier for the Middle East and Far East countries. The company is a major provider for Middle East carriers and ITSPs and ISPs with telecommunication services in both the wholesale and retail markets. El-Wasel interconnected with major VoIP markets and provides the minutes and services to the carriers through major escrow agencies for telecommunications minutes. El-Wasel is interconnected with major TDM & VOIP carriers in UK & USA and is running wholesale and retail markets for Mongolia through the ITSPs, ISPs and wholesale carriers.

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. (www.telecents.com) 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 thirteen 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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