SOURCE: iTeknik Holding Corporation

February 19, 2008 13:42 ET

iTeknik Holding Corporation Releases 2Q 2008 Financials

Company Generates EBITDA of $138,697 in Second Quarter and Sales of $7.4 Million for the Six Months Ending December 31, 2007

COMMERCE, MI--(Marketwire - February 19, 2008) - iTeknik Holding Corporation (PINKSHEETS: ITKH), a leading provider of innovative worldwide telecommunication services, today released its consolidated financial statements for the six months ending December 31, 2007. These financials include the results of iTeknik's subsidiaries Send Global Corporation (www.sendglobal.com) and TeleCents Communications, Inc.

--  Sales in the first half of FY 2008 were $7,454,740
--  Operating income in the second quarter increased to $110,048
--  Net income in the second quarter increased to $92,960
--  EBITDA for the six months ending December 31, 2007 was $121,630
--  Net cash increased by $206,853 in the three months ending December 31,
    2007
    

"I am very pleased by our improved performance in this last quarter and the year to date," said Jeffrey Lauzon, CEO of TeleCents Communications, Inc and Send Global Corporation. "Rate adjustments and bringing in new business increased revenues and improved gross profit."

The complete financials for the six months ending December 31, 2007 can be viewed at: http://www.pinksheets.com/quote/finance.jsp?symbol=ITKH.

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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