SOURCE: iTeknik Holding Corporation

May 19, 2008 12:50 ET

iTeknik Holding Corporation Investment Expected to Increase Profit Margins Significantly

New Telecom Systems to Substantially Increase Business and Product Offerings

COMMERCE, MI--(Marketwire - May 19, 2008) - iTeknik Holding Corporation (PINKSHEETS: ITKH) a leader in the telecommunications industry with two subsidiary companies, TeleCents Communications and Send Global Corporation, today announced it has made a major investment by purchasing the Cirrus Softswitch, state of the art switching hardware and software equipment. The new equipment will enable TeleCents to offer more products, increase profits, decrease costs by as much as 10 percent, as well as establish new revenue streams.

"This new system will give TeleCents greater interconnectivity with carriers on a global basis making international calling more affordable, attracting customers from other operators and increasing voice traffic on the TeleCents network," said Jeff Lauzon, President of iTeknik Holding Corporation. "The Cirrus Softswitch equipment is the latest cutting edge technology available to us and allows us the ability to grow our business exponentially while helping to make iTeknik a major international provider. We will also be able to increase our business footprint with existing customers while continuing to offer outstanding service.

"We have seen significant revenue growth over the last year and expect this trend to continue. We are also looking at several options that will help our loyal shareholders realize the real value that is in our Companies. We will have a number of announcements to make over the next few weeks that should please our shareholders," Mr. Lauzon concluded.

About iTeknik Holding Corporation

iTeknik Holding Corporation's (ITKH) strategy is to grow by acquiring companies with unique products, technology and solid growth potential. TeleCents Communications, Inc. (TCC) and Send Global Corporation www.sendglobal.com are wholly owned subsidiaries of ITKH. Together they have been offering cutting edge retail and wholesale telecommunications products and services for more than eleven years including International and Domestic gateway services through Tier-1 carriers. Through VoIP, data, and traditional communications platforms, iTeknik provides custom calling solutions and a proprietary ANI gateway solution. Send Global provides high quality, value priced international calls from the convenience of a mobile phone. For more information please visit our website www.iteknik.com.

Contact Information

  • Contact:
    iTeknik Holding Corp. Investor Relations
    888.333.1486 ext 112