SOURCE: iTeknik Holding Corporation

December 11, 2008 09:45 ET

iTeknik Holding Corporation Signs Contract to Support Smart Distributor, CT's Private Label Calling Card Service

Agreement Provides iTeknik With Increased Presence in New York Market

COMMERCE, MI--(Marketwire - December 11, 2008) - iTeknik Holding Corporation (PINKSHEETS: ITKH), a leader in the telecommunications industry, today announced that its subsidiary, TeleCents Communications, Inc., has signed a contract to provide an initial order of 50,000 PIN numbers and call origination services for Smart Distributor, CT, Inc.'s private label phone cards. Smart Distributor, CT is located in Harrison, New York and provides pre-paid calling cards to retail customers in the New York area.

"This new relationship provides us with a potential to greatly increase our revenues and expand our presence in the large New York market," stated Jeffrey Lauzon, President of iTeknik Holding Corporation. "Once again, both the new switching equipment and the software development we invested in last year are providing us with additional business opportunities."

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., a licensed 214 telecommunications carrier, (www.telecents.com) 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 thirteen 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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