COMMERCE, Mich., July 23, 2013 /PRNewswire/ -- iTeknik Holding
Corporation (Other OTC:ITKH), announced today that the scheduled
closing of the agreement with Ceelox, Inc. of Overland Park, Kansas (OTCBB Symbol:CELO) to
sell the assets of iTeknik's wholly owned subsidiary, Send Global
Corporation, has been delayed. The original closing date for
the transaction had been April 25,
2013. On April 24, 2013 the
Parties agreed to reschedule the closing date until May 25, 2013. Ceelox, Inc. did not complete
the Buyer's requirements of the Asset Purchase Agreement by the
rescheduled date. No new closing date has been established.
Fredrick W. Wicks, Chairman and
CEO of iTeknik Holding Corporation, stated, "We have been in
constant discussions with Ceelox management since the extended
closing date passed. As soon as we are informed by Ceelox
management when they will complete the terms of the agreement we
will provide further information."
iTeknik Holding Corporation (OTC Pink:ITKH) is classified as
"Current Information" and trades on the OTC Pink tier of the OTC
Market. For quotes and market information on the company
visit http://www.otcmarkets.com/stock/ITKH/company-info.
About iTeknik Holding Corporation
iTeknik Holding Corporation was formed to develop and launch new
technology and products in the global communications market.
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 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 17
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, but not limited to, general market
conditions, competition and pricing. Although the Company believes
that the assumptions underlying the forward-looking statements
contained in this press release are reasonable, any of the
assumptions could be inaccurate. Therefore, there can be no
assurance that the forward-looking statements included in this
press release will prove to be accurate. 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 readers
are urged to carefully read those statements. When used, the words
"estimate," "anticipate," "expect," "believe," and similar
expressions are intended to be forward-looking statements.
SOURCE iTeknik Holding Corporation