COMMERCE, MI -- (Marketwire) -- 08/18/08 -- iTeknik Holding Corporation (PINKSHEETS: ITKH), a leader in the telecommunications industry with two subsidiarycompanies, TeleCents Communications, Inc. and Send Global Corporation,today announced that TeleCents has a new agreement with El-WaselTelecommunication Services, a leading provider of wholesale and retailservices under the brand name NETelecoms for phone carriers in the MiddleEast, Singapore, the United Kingdom and the United States.TeleCents will provide its premium and least cost routing products andservices to NETelecoms. El-Wasel/NETelecoms, with headquarters in Amman,Jordan, will use TeleCents' converged network, which consists of timedivision multiplexing (TDM) and Voice-Over-Internet Provider (VoIP)platforms to rate, route and complete its network phone calls.
Moh'd Nour-Eddin, President of NETelecoms, stated, "Three years ago wechose TeleCents to provide us with routing over their TDM network. Theresult was that we earned the reputation in our markets as the serviceprovider with the highest quality. TeleCents has outstanding human andhardware resources available to meet the demanding needs of today's globalwholesale telecommunication companies like ours."
"NETelecoms represents the type of new business which will help us growsignificantly," stated Jeffrey Lauzon, CEO and Founder of TeleCentsCommunications, Inc. "In the past we focused mostly on customers who wouldoriginate calls from the U.S. to other countries. With the quality andcapacity of our new equipment and software systems, we are now able to addnew global customers who originate phone calls overseas to all parts of theworld."
About El-Wasel / NETelecoms
El-Wasel Telecommunications Services, which holds the brand nameNETelecoms, is a TDM and PSTN wholesale carrier for the Middle East and FarEast countries. The company is a major provider for Middle East carriersand ITSPs and ISPs with telecommunication services in both the wholesaleand retail markets. El-Wasel interconnected with major VoIP markets andprovides the minutes and services to the carriers through major escrowagencies for telecommunications minutes. El-Wasel is interconnected withmajor TDM & VOIP carriers in UK & USA and is running wholesale and retailmarkets for Mongolia through the ITSPs, ISPs and wholesale carriers.
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. (www.telecents.com) and Send GlobalCorporation (www.sendglobal.com) are wholly owned subsidiaries of ITKH.Together they have been offering cutting edge retail and wholesaletelecommunications products and services for more than thirteen yearsincluding International and Domestic gateway services through Tier-1carriers. Through VoIP, data, and traditional communications platforms,iTeknik provides custom calling solutions and a proprietary ANI gatewaysolution. Send Global provides high quality, value priced internationalcalls from the convenience of a mobile phone. For more information pleasevisit our website www.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.
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