SOURCE: iTeknik Holding Corporation

February 02, 2010 11:47 ET

iTeknik Holding Corporation Expects Improved Financial Results as It Completes Shutdown of Its TeleCents Subsidiary

COMMERCE, MI--(Marketwire - February 2, 2010) - iTeknik Holding Corporation (PINKSHEETS: ITKH), announced today that it has completed the shutdown of its Telecents Communications, Inc. subsidiary. On September 17, 2009 iTeknik announced that it was ceasing operations of its TeleCents subsidiary. According to the company, the shutdown of its wholesale operation is now complete.

"I am excited about the prospects for the future now that we have put the closure of TeleCents behind us," stated Jeffrey Lauzon, President of iTeknik Holding Corporation. "In the coming weeks we will be announcing several new products for the retail and consumer cell phone markets. These new products will set the stage for new revenue streams and improved profitability."

About iTeknik Holding Corporation

iTeknik Holding Corporation's (ITKH) strategy is to grow by acquiring companies with unique products, technology and solid growth potential (www.iteknik.com). Send Global Corporation is a wholly owned subsidiary of ITKH. Send Global and its predecessor companies have offered cutting edge retail and wholesale telecommunications products and services for more than thirteen years. Through VoIP, data, a proprietary ANI gateway solution and traditional communications platforms, Send Global provides high quality, value priced international calls from the convenience of a mobile phone. For more information please visit our website 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.

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