SOURCE: iTeknik Holding Corporation

May 20, 2008 12:17 ET

iTeknik Holding Corporation Releases 3Q 2008 Financials

Company Sales of $11.2 Million Nearly Equals Entire 2007 Sales Totals

COMMERCE, MI--(Marketwire - May 20, 2008) - iTeknik Holding Corporation (PINKSHEETS: ITKH), a leading provider of innovative worldwide telecommunication services, today released its consolidated financial statements for the nine months ending March 31, 2008. These financials include the results of iTeknik's subsidiaries Send Global Corporation (www.sendglobal.com) and TeleCents Communications, Inc.

--  Sales in the first nine months of FY 2008 were $11,245,230
--  Net income for the first nine months of the fiscal year was $100,126
--  Net income in the fiscal third quarter was $60,599
--  EBITDA for the nine months ending March 31, 2008 was $167,128
    

"Our sales for the first three quarters are nearly what we achieved in twelve months of fiscal 2007," said Jeffrey Lauzon, CEO of TeleCents Communications, Inc. and Send Global Corporation. "We are starting to realize the benefits of our recent purchase of new equipment and expect our record sales trend to continue for the remaining quarter of this fiscal year."

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

About iTeknik Holding Corporation

iTeknik Holding Corporation's (PINKSHEETS: 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.

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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