SOURCE: iTeknik Holding Corporation

July 10, 2008 09:31 ET

iTeknik Holding Corporation Subsidiary to Diversify Business With New Retail Offerings

Send Global Corporation Executes New Agreement to Dramatically Expand Business With Bill Payment, Debit Card Reload and Money Transfer Service

COMMERCE, MI--(Marketwire - July 10, 2008) - iTeknik Holding Corporation (PINKSHEETS: ITKH), a leader in the telecommunications industry with two subsidiary companies, TeleCents Communications and Send Global Corporation, today announced an agreement with Empasys to deliver Bill Payment, Debit Card Reload, and Global Money Transfer Services to retailers nationwide. This new service will begin immediately and will start with Send Global's existing 2,300 retailers currently selling Send Global International and prepaid wireless services. Through this new agreement with Empasys the company expects the retail base to expand rapidly because retailers will need no investment and will not be required to carry inventory.

"This is just the beginning of our new Services Solutions. We will announce a number of other new services over the coming weeks. We are excited about this new diversification because these services will appeal not just to cell phone stores but to a wide variety of other retailers as well. All of these new services are offered through our proprietary web-based retail interface already in use by over 2,300 retailers nationwide," said Jeff Lauzon, CEO of TeleCents Communications, Inc. and Send Global Corporation. "Our goal is to increase our retail presence in as many areas as possible and to make the jump from mainly cell phone stores into a much broader retail market," Lauzon said.

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 (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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