SOURCE: Itonis, Inc.

Itonis, Inc.

November 22, 2011 10:00 ET

ITNS CEO Update Letter to Shareholders

IRVINE, CA--(Marketwire - Nov 22, 2011) - Itonis, Inc. (PINKSHEETS: ITNS) today issued the following letter to shareholders:

Dear Shareholders,

Since writing to you last month I wanted to provide you with an update on our company operations.

As I previously communicated, a lot of work has been going on behind the scenes here at Itonis. Since last month's CEO update we've announced the hiring of a new CPA and an independent auditing firm. As you know, our last quarterly filing was delayed as a result of associated CPA workload transition activities. I'm pleased to report that our new CPA team has since made significant progress in this area. Our 3Q disclosure and attorney letter has been filed and OTC Markets now reflects "OTC Pink Current Information."

I'm also pleased to announce that our company audit to become SEC fully reporting remains on target. We are one step closer to making this a reality and the team's timeline for audit completion is February 2012. As progress events unfold I plan to keep you updated on this very important initiative.

In addition, we've announced the signing of a binding MOU agreement with a new company acquisition. Details of this were included with our 3Q filing and a formal company press release is scheduled for next week. The potential for return is huge and the excitement has just begun.

Stayed tuned, I'm confident your patience will be rewarded!

Mark Cheung
CEO / President

About Itonis, Inc.
Itonis, Inc. (the "Company") was incorporated under the laws of the state of Nevada on July 5, 2005 under the name of Kenshou, Inc. Subsequently, its name was changed to its present name, Itonis, Inc., on December 2, 2005. For more information, please visit

Safe Harbor:
Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's affiliates that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.

Contact Information

  • Contact:
    Michael Biddick
    Itonis, Inc. Investor Relations
    (994) 529-1588