SOURCE: iTeknik Holding Corporation

October 15, 2008 12:04 ET

iTeknik Holding Corporation Posts Initial Company Information and Disclosure Statement on Pinksheets.com

Company Seeks to Obtain "Current Information" OTC Market Tier

COMMERCE, MI--(Marketwire - October 15, 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 it had completed and posted an "Initial Company Information and Disclosure Statement" on Pink Sheets. According to the Company, it is in the process of obtaining an attorney opinion letter to confirm the information contained in the posting. Once the attorney opinion is obtained and Pink Sheets approves the submission, the Company will be categorized as "Current Information" on the OTC Market Tier. The Company's disclosure document can be viewed at: http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=17532

"Obtaining this OTC market tier is another step in providing our shareholders and the investment community with the most up-to-date information available on our company," stated Jeffrey Lauzon, President of iTeknik Holding Corporation. "Our goal is to be one of the elite OTC companies on Pink Sheets."

Recently, iTeknik posted its FY 2008 annual financials on Pink Sheets.com.

--  Sales for FY 2008 were $14,958,847 compared to $11,312,516 in FY 2007
--  Net income for the fiscal year was $277,336 compared to $25,082 in FY
    2007
--  EBITDA for the fiscal year was $355,589 up more than 112% from FY 2007
    

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., a licensed 214 telecommunications carrier, (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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