iTeknik Holding Corporation Needs Only Three Quarters to Surpass All of Last Year's Sales
June 20 2011 - 9:41AM
Marketwired
iTeknik Holding Corporation (PINKSHEETS: ITKH), a leader in the
telecommunications industry through its Send Global subsidiary,
today announced that its sales for the first three quarters of FY
2011 were $8,700,671 compared to sales $7,339,657 for the entire
four quarters of FY 2010. Net income in the first nine months of FY
2011 was $232,085 compared to a loss of ($94,511) in the same
period of the prior year.
Fredrick W. Wicks, Chairman and CEO of iTeknik Holding
Corporation, stated, "Any time you are able to surpass your last
year's sales in only three quarters of the current year, you are
having a good year. We are very proud of this accomplishment and
the fact that we have produced a significant profit from operations
compared to a loss last year."
The complete financial report for the first three quarters of FY
2011, through the period ending March 31, 2011, can be viewed at:
http://www.otcmarkets.com/stock/ITKH/financials.
About iTeknik Holding Corporation iTeknik Holding Corporation
provides wholesale and retail telecommunications services and
products worldwide. Its services include voice over Internet
protocol origination and termination; A-Z routing and switching;
wholesale carrier routing services; reseller billing and reporting;
Web-based reseller solutions; prepaid calling card solutions;
international cellular calling; and retail point of sale solutions.
The company serves B2B carriers, telecom resellers, retail outlets
and consumers direct through websites such as www.MyMobile011.com,
www.greatminutes.com, www.AloBilady.com, www.indiaminutes.com and
www.MexicoMinutes.com. iTeknik Holding Corporation was founded in
2007 and is based in Commerce, Michigan. Through its subsidiaries,
iTeknik has more than 13 years of history in the telecommunications
industry. For more information, please visit website
www.iteknik.com and www.sendglobal.com.
Safe Harbor: This document 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: Investor Relations iTeknik Holding Corporation
888-333-1486
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