SOURCE: iTeknik Holding Corporation

June 30, 2011 09:38 ET

iTeknik Holding Corporation Celebrates 16 Years of History in the Telecommunications Industry

COMMERCE, MI--(Marketwire - Jun 30, 2011) - iTeknik Holding Corporation (PINKSHEETS: ITKH) is celebrating 16 years of experience in the telecommunications industry through its subsidiary companies. The original subsidiary, TeleCents Communications, was founded in July 1995 by Jeffrey Lauzon, President of iTeknik Holding Corporation. TeleCents became an innovative leader as a telecommunications carrier, a prepaid phone services supplier and a Voice over Internet Provider (VoIP). In 2003, TeleCents developed a retail brand called Send Global for its domestic and international prepaid phone products. Send Global Corporation was incorporated in 2005 and was acquired by iTeknik in 2007.

The two subsidiaries pioneered several innovations in prepaid phone products, including:

  • Three-way calling with phone cards
  • Dual rate plans on the same card
  • Elimination of pin numbers
  • Elimination of phone cards by creating on-line accounts
  • Recharging an account by text messaging

During 2009 iTeknik phased out of the phone card business and closed TeleCents. iTeknik focused its telecommunications operations on Send Global. Today, Send Global is a telecommunications carrier that sells products to regional phone companies, independent retail stores and directly to consumers.

Jeffrey Lauzon, President of iTeknik Holding Corporation, stated, "iTeknik companies have a rich history in the telecommunications industry. These companies have been very innovative and have evolved with the rapidly changing global communications industry. We will continue to pioneer new products and applications of evolving technology. We are now focusing on smart phone applications that will lead us in the future. Send Global is planning the launch of a product that will give us a distinct competitive advantage with independent retailers who sell cell phone products. This product will allow smart phones to call to or from any location in the world that has cell phone coverage."

About iTeknik Holding Corporation

iTeknik Holding Corporation was formed to develop and launch new technology and products in the global communications market. Through its Send Global subsidiary, iTeknik provides wholesale and retail telecommunications services, and products worldwide. Its services include voice over Internet protocol origination and termination; A-Z routing and switching; wholesale carrier routing services; reseller billing and reporting; Web-based reseller solutions; prepaid calling card solutions; international cellular calling; and retail point of sale solutions. The company serves B2B carriers, telecom resellers, retail outlets and consumers direct through websites such as www.MyMobile011.com, www.greatminutes.com, www.AloBilady.com, www.indiaminutes.com and www.MexicoMinutes.com. iTeknik Holding Corporation was founded in 2007 and is based in Commerce, Michigan. Through its subsidiaries, iTeknik has more than 16 years of history in the telecommunications industry. For more information please visit website www.iteknik.com and www.sendglobal.com.

Safe Harbor: This document 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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