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Public Companies : Telecommunications


iTeknik Holding Corporation Subsidiary to Diversify Business With New Retail Offerings

Jul 10, 2008 - 8:36:02 AM

News Source MARKET WIRE

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COMMERCE, MI -- (MARKET WIRE) -- 07/10/08 -- iTeknik Holding Corporation (PINKSHEETS: ITKH), a leader in the telecommunications industry with two subsidiarycompanies, TeleCents Communications and Send Global Corporation, todayannounced an agreement with Empasys to deliver Bill Payment, Debit CardReload, and Global Money Transfer Services to retailers nationwide. Thisnew service will begin immediately and will start with Send Global'sexisting 2,300 retailers currently selling Send Global International andprepaid wireless services. Through this new agreement with Empasys thecompany expects the retail base to expand rapidly because retailers willneed no investment and will not be required to carry inventory.

"This is just the beginning of our new Services Solutions. We will announcea number of other new services over the coming weeks. We are excited aboutthis new diversification because these services will appeal not just tocell phone stores but to a wide variety of other retailers as well. All ofthese new services are offered through our proprietary web-based retailinterface already in use by over 2,300 retailers nationwide," said JeffLauzon, CEO of TeleCents Communications, Inc. and Send Global Corporation."Our goal is to increase our retail presence in as many areas as possibleand to make the jump from mainly cell phone stores into a much broaderretail market," Lauzon said.

About iTeknik Holding Corporation

iTeknik Holding Corporation's (ITKH) strategy is to grow by acquiringcompanies 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 theyhave been offering cutting edge retail and wholesale telecommunicationsproducts and services for more than eleven years including Internationaland Domestic gateway services through Tier-1 carriers. Through VoIP, data,and traditional communications platforms, iTeknik provides custom callingsolutions and a proprietary ANI gateway solution. Send Global provideshigh quality, value priced international calls from the convenience of amobile phone. For more information please visit our websitewww.iteknik.com.

Safe Harbor: This letter contains certain forward-looking statements withinthe meaning of Section 27A of the Securities Act of 1933, as amended andSection 21E of the Securities Exchange Act of 1934, as amended, which areintended to be covered by the safe harbors created thereby. Investors arecautioned that all forward-looking statements involve risks anduncertainty, including without limitation, the ability of the Company tosuccessfully implement its turnaround strategy, changes in costs of rawmaterials, labor, and employee benefits, as well as general marketconditions, competition and pricing. Although the Company believes that theassumptions underlying the forward-looking statements contained herein arereasonable, any of the assumptions could be inaccurate, and therefore,there can be no assurance that the forward-looking statements included inthis letter will prove to be accurate. In light of the significantuncertainties inherent in the forward-looking statements included herein,the inclusion of such information should not be regarded as representationby the Company or any other person that the objectives and plans of theCompany will be achieved. In assessing forward-looking statements includedherein, readers are urged to carefully read those statements. When used inthe Annual Report on Form 10-K, the words "estimate," "anticipate,""expect," "believe," and similar expressions are intended to beforward-looking statements.


Contact:
Andrew Barwicki
Investor Relations
516-662-9461
http://www.iTeknik.com



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