ITokk, Inc.
OTC Bulletin Board : IKTO

ITokk, Inc.

October 30, 2009 13:57 ET

Shadow Marketing Inc. Completes License Acquisition and Changes Name to Itokk, Inc.

SUNNYVALE, CALIFORNIA--(Marketwire - Oct. 30, 2009) - Itokk, Inc. (OTCBB:IKTO), formerly known as Shadow Marketing Inc., announces that it has completed its agreement with Packetera Communications Inc. ("Packetera"), a private Canadian company, whereby it has acquired the exclusive worldwide 75 year license to use, sell, market, distribute and/or sublicense various products and services owned by Packetera, including an application programming interface for voice-over-Internet protocol ("VOIP"), callback web-to-voice applications, session initiation protocol-Softphone products, virtual calling card products and social VOIP solutions, Internet protocol devices, hosted network platforms and VOIP engineering consulting services. Itokk has also acquired Packetera's interest in three existing reseller agreements to supply such products and services. The license also covers any future telecommunications products and services that Packetera develops. Itokk holds the license and existing agreements through a newly incorporated Nevada subsidiary, "Itokk Communications, Inc.".

Itokk's principal product is the Npoints framework that allows customers to utilize VOIP for voice and video communications. Resellers can install the Npoints framework in order to provide their customers with access to VOIP technology and related Itokk products, namely click-to-talk and Itokk wireless applications. Click-to-talk allows owners to install a button on their websites for direct VOIP communications with customers. Itokk wireless allows cellular phone users to make outgoing calls without incurring charges from their cellular phone service provider.

In consideration of Packetera granting the license and assigning the existing agreements to Shadow, Itokk issued 30,600,000 shares of its common stock to Packetera after completing a 8.5 to 1 forward split of its share capital and returning 34,000,000 shares of common stock to treasury that were held by former directors. Accordingly, 59,882,500 shares of the Company's common stock are currently issued and outstanding. Packetera's nominees were appointed as directors and officers of Itokk at closing. Itokk's Board of Directors consists of Kevin Penstock, the founder of Packetera, and Dr. John Karamitsos. The company's officers now consist of Angelo Soukas (president), Kevin Penstock (C.E.O., secretary and treasurer), Dr. Ioannis Karamitsos (vice-president of research and development) and Carmelo D'Anzi (vice-president of business development). Concurrently, Greg Fedun and Christopher Paterson have resigned as directors and officers of the company.


Kevin Penstock, C.E.O. and Director

Safe harbor for Forward-Looking Statements: Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and other factors over which Itokk, Inc. has little or no control.

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