ITokk, Inc.
OTC Bulletin Board : IKTO

ITokk, Inc.

December 15, 2009 16:05 ET

iTokk Inc. Signs Letter of Intent (LOI) with Amroth Ltd, of London UK

SUNNYVALE, CALIFORNIA--(Marketwire - Dec. 15, 2009) - iTokk Inc. (OTCBB:IKTO) the world's most innovative communications company via our offices in London, England, today announced that it signed a Letter of Intent (LOI) for a strategic distribution partnership with Amroth Ltd, a London based UK company owned and operated by Mr. Peter Gelardi a founder of World Telecom PLC, formerly a leading European telecom value added service provider.

World telecom specialized in the corporate calling card for businesses and was a leader in the European market with customers such as UBS, Singapore Airlines, NatWest Bank, Diners Club Italy, Alitalia, Lufthansa and many more fortune 1000 companies within the European market. World Telecom was the sole provider for the ORANGE prepaid cellular services. ORANGE is one of the largest cellular phone providers in Europe. World Telecom was listed on the (Aim) London Stock Exchange as a value-add telecom operator with established marketing and distribution operations in Britain, Italy and Spain with annual sales in excess of $40 million.

According to the Agreement, Amroth Ltd will begin by creating custom co-branded solutions built with the iTokk Platform and market iTokk Click to Call and iTokk Mobile within the UK market. Amroth has obtained their existing distribution network and established marketing alliances from World Telecom including reseller organizations, agents and sales representatives throughout the UK, Italy and Spain.

"The UK Telecom market is £34 Billion strong and is an important market for us to succeed in, we are eagerly looking forward to enabling our first reseller in the UK," said Mr. Carmelo D'Anzi, VP of Business Development for iTokk Inc. "This is an important milestone for our European operation headquarters recently launched here in London November 2009." Mr D'Anzi, who was for a number of years one on Mr. Gelardi's executive team members and instrumental to World telecom success will provide one-on-one assistance in developing the Amroth opportunity for iTokk.

Mr. Gelardi commented that, "The UK tends to lead the way when it comes to the deploying of new value-added telecoms services in Europe. We look forward to working with ITOKK to capitalize on their innovative technology to develop a suite of products specifically for the European market. With iTokk's platform and the ability to constantly deploy and deliver value add services and iTokk's Innovation, this partnership is a perfect fit for Amroth Ltd."

The two organizations are negotiating the final terms and conditions of a reseller arrangement that would give Amroth access to iTokk's IP services platform in exchange for yet to be disclosed terms of revenue share and local pricing models. This Letter of Intent (LOI) will be superseded and replaced, as soon as practicable, by a formal reseller agreement with standard terms that are consistent with the principal terms provided herein.

About iTokk
iTokk, Inc., the world's most innovative communications company, offers flexible, next-generation telephony solutions for consumers and businesses. iTokk's flagship product Npoints-Framework and developers platform make it simpler, cheaper and faster to build communications functionality into applications, enabling carriers and networks to introduce new revenue-generating voice services in days, rather than months. By combining the iTokk platform and innovative products with carriers across the globe, iTokk has the potential to deliver the industries most explosive growth of innovation and in IP telephony. The worlds newest leading global IP telephony company is headquartered in Sunnyvale, California with offices in Canada, UK and India.

ADDITIONAL INFORMATION about iTokk, Inc. can be viewed on the Company's Web site: www.itokk.com. Capitalization and filings can be viewed at: http://www.otcbb.com.

SAFE HARBOR
Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made by iTokk, Inc. are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of iTokk, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition. SOURCE iTokk, Inc.

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