SOURCE: iTeknik Holding Corporation

March 09, 2011 09:00 ET

iTeknik Holding Corporation Subsidiary Increases Wireless PIN Sales by $4.4 Million in the Past 12 Months

COMMERCE, MI--(Marketwire - March 9, 2011) - iTeknik Holding Corporation (PINKSHEETS: ITKH), a leader and innovator in the telecommunications industry through its subsidiary, Send Global Corporation, announced today that sales of domestic and international wireless pins increased by about 142% from $3.1 million per year to more than $7.5 million. Wireless PINs (personal identification numbers) provide domestic and international cell phone time without the need for calling cards. Send Global Corporation provides wireless PINs for all the major domestic carriers such as AT&T, T-Mobile and Virgin and international carriers such as China Mobile, Digicel, and telcel. These products are sold to consumers by independent retail outlets across the United States and Canada.

Michael West, General Manager of Send Global, stated, "A year ago, we decided to focus on PIN sales so we could increase revenue and profit. Retail stores like wireless PINs because they are a quick and easy sale for them. The other major benefit of this campaign was that it helped us increase the number of retail outlets that carry our products."

iTeknik recently reported a 62% increase in sales for the first half of FY 2011. These financials can be viewed at: http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=43814

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 www.greatminutes.com and www.indiaminutes.com. 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 www.iteknik.com and www.sendglobal.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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