SOURCE: iTeknik Holding Corporation

March 02, 2011 09:00 ET

iTeknik Holding Corporation Resumes Discussions With Investment Bankers

COMMERCE, MI--(Marketwire - March 2, 2011) - iTeknik Holding Corporation (PINKSHEETS: ITKH), a leader and innovator in the telecommunications industry through its subsidiary, Send Global Corporation, announced that it has resumed conversations with Investment Banking firms to locate potential new business opportunities. In May of 2010, iTeknik's Board of Directors conducted a series of meetings on Wall Street and established relationships with several Investment Banking firms and Fund Managers. 

Fredrick W. Wicks, Chairman and CEO of iTeknik Holding Corporation, stated, "In 2010 we had a very successful series of meetings on Wall Street. A number of investment firms told us that when we identify growth opportunities such as joint ventures, or candidates for merger or acquisition that they would assist us with capital funding. Since those meetings the economy has improved, we have launched several new products and we have implemented a number of significant operational improvements. We feel now is the right time to resume our search for growth opportunities."

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 and 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 and

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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