SOURCE: iTeknik Holding Corporation

June 11, 2008 09:37 ET

iTeknik Holding Corporation's Move to New Softswitch System Nearly Complete

Reduced Costs, Nearly Unlimited Capacity and an Improved Bottom Line Are Just a Few of the Expected Results After Migration to the New System Is Completed

COMMERCE, MI--(Marketwire - June 11, 2008) - iTeknik Holding Corporation (PINKSHEETS: ITKH) a leader in the telecommunications industry with two subsidiary companies, TeleCents Communications and Send Global Corporation, today announced that it is in the final stages of changing its operations from the legacy system used for the last several years to the new Cirrus Softswitch System. According to the company, the system is comprised of state of the art switching hardware and software and has already started to reduce costs. Once fully utilized the new system will provide the Company with nearly unlimited capacity while maintaining a high level of quality. Recently, the company also announced that sales for the first three quarters of FY 2008 were $11,256,375 which was nearly the same as for all four quarters of FY 2007. Net income for the first nine months of fiscal year 2008 was $100,126.

"We expect to see significant cost savings, as much as 10 percent, in the next fiscal year with the capabilities of this new system. In addition, this system's nearly limitless capacity will enable us to expand traffic for the next several years to come," stated Jeff Lauzon, CEO of TeleCents Communications, Inc. and Send Global Corporation. "We are also in the process of looking for acquisitions and further trimming our cost structure as well as other means to increase the value of our Company and our shareholders' equity," concluded Lauzon.

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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