iTeknik Holding Corporation Signs Agreement to Market BioFusion,
Inc.'s Certified Eco-Friendly Bio-Based Cleaning Products
COMMERCE, Mich., May 8, 2013 /PRNewswire/ -- iTeknik Holding
Corporation (Other OTC:ITKH) announced today that it has signed an
agreement with BioFusion, Inc. of Ridgewood New Jersey to help expand the sales
of BioFusion's unique products for home, office, commercial and
military markets. The Company already sells products under several
of its own trademarks such as BioFusion™, Green Beast™, Clutter
Clean™ and Natures Solution™ The Company also sells private
label products at Military, PX's, and on Home Shopping
Network. In addition, its private label products are available in
stores in virtually all states through large independent
distributors. The company's website is
www.biofusion.co.
Fredrick W. Wicks, Chairman and CEO
of iTeknik Holding Corporation, stated, "We have been in
discussions with BioFusion for more than a year about developing a
formal business relationship. It is a company with unique
bio-degradable organic cleaning products. It has several
competitive advantages in its products, key environmental
certifications, and solid potential for growth. BioFusion
fits iTeknik's strategy to develop and, in this case, expand new
technology. Though we are starting with a marketing agreement, a
more formal relationship may evolve as BioFusion achieves its
growth objectives."
David Gubb, President and CEO of
BioFusion stated, "The secret of our products and what makes us
unique is they are all-natural based. They are made up of special
organic proteins that supercharge the cleaning and sanitizing
abilities of our surfactants (surfactants reduce the tension
between two liquids or a liquid and a solid). This gives us the
ability to avoid harmful chemicals and reduce the amount of
surfactant needed to clean quickly, efficiently and safely. We are
excited about this new opportunity to work with iTeknik."
On December 11, 2012, iTeknik
signed an asset purchase agreement with Ceelox, Inc. of
Overland Park, Kansas to sell the
assets of Send Global Corporation pending an audit by Rothstein
Kass. iTeknik also announced today, that with the audit of
Send Global for the two-year period ending June 30, 2012 successfully completed, the closing
of this transaction is expected not later than May 25, 2013.
About iTeknik Holding Corporation
iTeknik Holding Corporation was formed to develop and launch new
technology and products. Through its Send Global subsidiary,
iTeknik 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. iTeknik Holding Corporation
was founded in 2007. It is a Wyoming Corporation and is based
in Commerce, Michigan.
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.
SOURCE iTeknik Holding Corporation