COMMERCE, Mich., May 19, 2015 /PRNewswire/ -- iTeknik Holding
Corporation (Other OTC:ITKH), a leader in the telecommunications
industry through its Send Global subsidiary, today reported 3Q FY
2015 financials.
- Sales for the nine months ending March
31, 2015 were $5,347,402
- Net Income for the period was $36,872
The Company also reported that it had obtained funding from
Merchant's Cash and Capital of New
York to pursue its newly defined expansion program. The
program includes:
- The design and development of new marketing materials to use
with independent retail store locations
- New products and web-site updates to gain additional retail and
consumer business
- Addition of sales management executives in various cities to
drive the expansion of the sales in regions such as California, New
York and Texas
- Expansion of Send Global's independent network of sales
agents
Fredrick W. Wicks, Chairman and
CEO of iTeknik Holding Corporation, stated, "The Board has
redefined iTeknik's strategy. We are no longer looking to
divest Send Global at this time. Instead we are investing
capital in Send Global in order to create major competitive
advantages in the retail and consumer market segments. We are
in the process of developing and launching new products for use on
smart phones. We believe that adding some experienced
telecom executives will help us build our independent sales
network. The additional sales agents will be "feet-in-the
street" we need to gain new wireless stores and increase our sales
in current stores. This is just a start of some major changes
we are planning."
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.
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SOURCE iTeknik Holding Corporation