COMMERCE, Mich., Nov. 18, 2014 /PRNewswire/ -- iTeknik Holding
Corporation (Other OTC:ITKH), a leader in the telecommunications
industry through its Send Global subsidiary, has posted its first
quarter, FY 2015 financial results. Sales for the first
three months of fiscal year 2015, ending September 30, 2014, were $
2,094,705. Gross profit was $257,625 with net income of $19,774.
Fredrick W. Wicks, Chairman and
CEO of iTeknik Holding Corporation, stated, "We are pleased that we
returned to profitability this quarter. We continue to progress in
a project that will allow Send Global to offer several new products
for consumers. We expect to complete the launch of these
products during the third quarter of our fiscal year. In addition
to providing new products, this project will result in major
technical improvements that will reduce our costs and improve our
quality. In addition to these operational improvements, we
are continuing discussions with third parties to evaluate potential
mergers and acquisitions."
The complete FY 2015 First Quarter Report and Continuing
Disclosure Update can be viewed at:
http://www.otcmarkets.com/stock/ITKH/filings
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
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; and wholesale carrier
routing services; Web-based reseller solutions; prepaid calling
solutions; international cellular calling; and retail point of sale
solutions. The company serves B2B carriers, telecom resellers,
retail outlets and consumers 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 19 years of history in
the telecommunications industry. For more information 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.
SOURCE iTeknik Holding Corporation