SOURCE: iTeknik Holding Corporation

February 11, 2011 16:10 ET

iTeknik Holding Corporation Subsidiary Plans to Expand Into New Consumer Segments With Its "Just2Bucks" International Cellular Product

COMMERCE, MI--(Marketwire - February 11, 2011) - iTeknik Holding Corporation (PINKSHEETS: ITKH), a leader in the telecommunications industry through its subsidiary, Send Global Corporation, today announced that SendGlobal has launched a new cell phone product, "Just2Bucks." The new product is designed for use by convenience stores and gas stations as well as other retail outlets. "Just2Bucks" allows a retailer to instantly place $2 of SendGlobal's international calling time on a customer's cell phone.

Jeffrey Lauzon, President of iTeknik Holding Corporation, stated, "Just2Bucks is quick and easy for retailers and customers. Customers want to be able to come into the convenience store or gas station and quickly have calling time put on their cell phones. Just2Bucks fits the bill exactly. Each time they get groceries or fill up their vehicles they can add more time. No need to spend time waiting while the clerk goes online to sign them up for a service. And there is no phone card, which often gets lost. The time is added directly to their phone. This has the potential of helping us expand into a larger retail segment such as dollar stores."

About iTeknik Holding Corporation

iTeknik Holding Corporation, through its subsidiary Send Global Corporation, provides wholesale and retail telecommunications services, and products worldwide, including: Voice over Internet Protocol (VoIP) origination and termination; A-Z routing and switching; wholesale carrier routing; Web-based reseller solutions; prepaid calling card solutions; and international cellular calling. Send Global serves B2B carriers, telecom resellers, independent retail outlets and consumers. Send Global provides more than 18,000 routes to more than 200 countries. Through its subsidiaries, iTeknik Holding Corporation has more than 15 years of history in the telecommunications industry. For more information please visit our websites, 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.

Contact Information