SOURCE: iTeknik Holding Corp.

January 26, 2011 11:17 ET

iTeknik Holding Corporation Discusses a Possible Business Relationship Involving PostalCorp, Inc.'s Unique In-Store Mailing System

COMMERCE, MI--(Marketwire - January 26, 2011) - iTeknik Holding Corporation (PINKSHEETS: ITKH) today announced that it has entered into discussions with PostalCorp, Inc. to explore a possible exclusive business relationship involving PostalCorp's unique in-store mailing system and iTeknik's subsidiary, Send Global's access to independent retailers across the country. PostalCorp has designed proprietary software that allows consumers to ship packages from their local retailers 24/7 using the USPS flat rate Priority and Express shipping services. 

Fredrick Wicks, Chairman and CEO of iTeknik, stated, "Postal Corp's very unique in-store mailing system will make it easy for consumers to prepare and mail packages while they are shopping at their local retailers. We can bring Send Global's independent retail network as a launching pad for PostalCorp's mailing service. This collaboration is very timely with the recent announcements by the USPS regarding the closure of up to 2000 Post Offices in 2011. This opportunity also fits our long-term strategy to leverage our access to independent stores with additional retail products and services."

About iTeknik Holding Corporation

iTeknik Holding Corporation, through its subsidiary Send Global Corporation, provides wholesale and retail telecommunications services, and products worldwide, including: Voice over Internet Protocol (VoIP) origination and termination; A-Z routing and switching; wholesale carrier routing; Web-based reseller solutions; prepaid calling card solutions; and international cellular calling. Send Global serves B2B carriers, telecom resellers, independent retail outlets and consumers. Send Global provides more than 18,000 routes to more than 200 countries. Through its subsidiaries, iTeknik Holding Corporation has more than 15 years of history in the telecommunications industry. For more information please visit our websites, www.iteknik.com and www.sendglobal.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.

Contact Information