SOURCE: iTeknik Holding Corporation

March 17, 2010 10:53 ET

iTeknik Holding Corporation Expects New Mutual Routing Agreement With Telconnect LLC to Increase Revenues

COMMERCE, MI--(Marketwire - March 17, 2010) -  iTeknik Holding Corporation (PINKSHEETS: ITKH) subsidiary, Send Global Corporation, today announced that it has entered into a reciprocal agreement with Telconnect, LLC to utilize specific routes on each company's network for international calling services.

Jeffrey Lauzon, President of iTeknik Holding Corporation stated, "We expect this agreement to help us expand our revenues in two ways. First, Telconnect's lower cost to us for routes to destinations such as India will induce more volume and increase our revenues. In addition, we will now route some of Telconnect's traffic to the Middle East through our carrier network which will also provide us with new revenue."

Telconnect, LLC is a regional 214 carrier based in Frederick, Virginia. Telconnect provides local access and toll-free origination as well as A to Z call termination.

About iTeknik Holding Corporation

iTeknik Holding Corporation 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.greatminutes.com and www.indiaminutes.com. iTeknik Holding Corporation was founded in 2007 and is based in Commerce, Michigan. Through its subsidiaries, iTeknik has more than 13 years of history in the telecommunications industry. For more information please visit website 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

  • Contact:

    DME Capital, LLC
    Steven Marcus
    917-648-0663