SOURCE: iTeknik Holding Corporation

November 21, 2007 11:02 ET

iTeknik Holding Corporation Releases 1Q 2008 Financials

Company Generates Sales of $3.6 Million With Major Investment in New Switching Hardware and Software

COMMERCE, MI--(Marketwire - November 21, 2007) - iTeknik Holding Corporation (PINKSHEETS: ITKH), a leading provider of innovative worldwide telecommunication services, today released its consolidated financial statements for the quarter ending September 30, 2007. These financials include the results of iTeknik's subsidiaries Send Global Corporation ( and TeleCents Communications, Inc.

Highlights for the first quarter of 2008 financials include:

--  Consolidated sales were $3,682,488.00
--  Operating loss was $45,277.00
--  SG&A expenses were reduced nearly 2 percent from prior periods

The complete financials for the quarter ending September 30, 2007 can be viewed at:

"These quarterly numbers reflect the fact that during this period we made a major investment in new switching hardware and software for TeleCents Communications," said Jeffrey Lauzon, CEO of TeleCents Communications, Inc. and Send Global Corporation. "This equipment will give us greater interconnectivity to tier one carriers and their global Voice over Internet Provider services. Once fully implemented, this new equipment will improve our service and decrease our expenses."

iTeknik Holding Corporation changed its fiscal year to end on June 30th, after going public earlier this year. The current financial report is for the 1st quarter of 2008.

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 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

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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