SOURCE: iTeknik Holdings

January 17, 2008 08:30 ET

iTeknik Subsidiary Send Global Expands Its Prepaid Wireless Services Through an Agreement With Coinstar

Company Strengthens Its Next Generation Send Global Product Offering While Looking to Increase Its Profit Margins

COMMERCE, MI--(Marketwire - January 17, 2008) - iTeknik Holding Corporation (PINKSHEETS: ITKH), a leading provider of innovative worldwide communication services, announced today that it is expanding its number of prepaid services through an agreement with Coinstar Inc. Coinstar is a multi-national company offering prepaid wireless and electronic payment solutions. The agreement through iTeknik's subsidiary, Send Global Corporation, allows Send Global to deliver high quality prepaid wireless services to its existing customer base to complement its cellular global long distance calling service.

Send Global's product offering is strengthened as well by utilizing Coinstar's strategic relationships with Cingular, T-Mobile, Verizon and other major carriers. The agreement gives iTeknik the potential to generate attractive profit margins and further increase profitability by adding in-demand products to its Send Global retail interface used by over 2200 cellular store retailers nationwide.

"By integrating a number of Coinstar's prepaid wireless services, we are creating an incredible variety of premium services for active customers while extending our reach and flexibility for prospective ones," said Jeffrey Lauzon, CEO of TeleCents Communications, Inc. "Rest assured we are continually committed to bringing only the best products to our customers while giving them the highest quality of service. This relationship with Coinstar enables us to work with a five hundred million dollar company with a proven track record in the prepaid wireless industry."

About Coinstar, Inc.:

Headquartered in Bellevue, Washington, Coinstar Inc. offers a range of solutions for the retailers' store consisting of self-service coin counting, electronic payment solutions, money transfer, entertainment services and self-service DVD rental. The company was founded in 1991 and in 2006 reported revenues of $534.4 million up from $459.7 million in 2005. The company's products and services can be found at more than 60,000 retail locations including supermarkets, financial institutions, drug stores, mass merchants, convenience stores, and restaurants. For more information, visit www.coinstar.com.

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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