SOURCE: iTeknik Holding Corporation

March 27, 2008 09:00 ET

iTeknik Subsidiary TeleCents to Provide SpeedyPin.com With Four New Private Labeled Products

Contract Estimated to Be Worth up to $2 Million to TeleCents

COMMERCE, MI--(Marketwire - March 27, 2008) - iTeknik Holding Corporation (PINKSHEETS: ITKH), a leading provider of innovative worldwide communication services, announced today that SpeedyPin.com, a major online reseller of prepaid phone products, has selected TeleCents Communications to private label four new prepaid phone products. The products are currently available through SpeedyPin's web site -- www.speedypin.com.

"We chose TeleCents because we wanted to work with a stable, superior prepaid phone service provider," said Larry Salzman, CEO of SpeedyPin, LLC. "They are a significant supplier for us and we appreciate their ability to give us a reliable, consistent product." SpeedyPin.com's consumer ecommerce business is growing rapidly due to the company's instant PIN delivery and service guarantee, said Salzman, "and we expect that TeleCents' customized, private-label offering will allow us to capture additional marketshare."

Salzman also said these new SpeedyPin products make long distance calling worldwide and nationwide easy and affordable. Also, each online purchase is secure and guaranteed and the PINs are delivered instantly, so customers can quickly start using its prepaid calling service and save up to 95%.

"The SpeedyPin agreement adds significant revenue in the range of $1 million to $2 million over the course of the year with the potential for more," said Jeffrey Lauzon, CEO of TeleCents Communications, Inc. "SpeedyPin is one of the premiere companies in the online reseller business of prepaid phone products. Through our 12 year history, TeleCents has proven to be a leader in reliability in a market often dotted with service providers who disappear from view after short periods of marketing their services. This longevity has given us a significant competitive advantage among distributors and retailers. We believe that SpeedyPin is very similar to the approach we have maintained over the years and in fact, has uniquely capitalized on the online market for prepaid phone cards for 10 years. We have certainly created a synergistic approach between companies to reach a vast market of consumers."

About SpeedyPin:

SpeedyPin.com Phone Cards (http://speedypin.com), a Speedypin, LLC. Company, has been serving customers on the Internet since 1997. The Company's growth has been fueled by a simple commitment: to sell reliable phone cards that offer discount rates and deliver the minutes they promise. SpeedyPin.com also has a large network of productive affiliates and a record of innovation. It was one of the first Websites to offer "Instant PIN" phone card delivery by email and provides fulfillment and fraud mitigation services to third-parties in the telecom industry using its proprietary order management system and MerchantShield ™ software.

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 (SGC) www.sendglobal.com are wholly owned subsidiaries of ITKH. Together they offer cutting edge retail and wholesale telecommunications products and services 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 website www.iteknik.com and www.microcapprofiles.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

  • Contact:
    iTeknik Holding Corporation
    Investor Relations:
    David Donlin
    Cervelle Group
    407-475-9966
    http://www.iTeknik.com