SOURCE: iTeknik Holding Corp.

October 11, 2007 16:03 ET

iTeknik Subsidiary Send Global Targets Share of $16 Billion Prepaid Cellular Market

Company's Cutting Edge Prepaid Cellular Service Offers Consumers Significant Savings, Quick, Clear Connections and Is Compatible With All Cellular Providers

COMMERCE, MI--(Marketwire - October 11, 2007) - iTeknik Holding Corporation (PINKSHEETS: ITKH), a leading provider of innovative worldwide communication services, announced today its subsidiary, Send Global Corporation, is increasing its marketing efforts in order to maximize its share of the expected $16 billion prepaid cellular phone market. According to the company, Send Global Corporation has relied mostly on referrals and has not rolled out its national marketing campaign, yet the company has an outlet for its product in more than 2,000 retail cellular stores across the country. In addition, Send Global offers its customers savings as much as 85%, along with quick, clear connections thanks to its relationships with top tier 1 carriers.

"People are starting to understand more and more that the growth for many cellular companies is going to be found on the prepaid cellular side of the business. That places Send Global and our innovative prepaid cellular service in a very advantageous position," said Jeffrey Lauzon, CEO of Send Global Corporation. "Prepaid phones have been attracting a much wider audience since they offer special features and a larger variety of phones than ever before. Now that we have become a public company we will be able to launch our expanded marketing campaign to assist our recently increased sales force."

According to the Telecommunications Industry Association, the number of prepaid phone subscribers more than doubled from 12 million in 2002 to nearly 30 million last year. In addition, that number is expected to surpass 35 million this year essentially creating a market estimated to be $16 billion.

About iTeknik Holding Corporation

iTeknik Holding Corporation's (PINKSHEETS: ITKH) strategy is to grow by acquiring companies with unique products, technology and solid growth potential. TeleCents Communications, Inc. (TCC) and Send Global Corporation 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

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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