iTeknik Holding Corporation Reports 3Q FY17 Revenues of $499.3 Thousand and Net Income of $76.4 Thousand
May 23 2017 - 9:00AM
Marketwired
iTeknik Holding Corporation Reports 3Q FY17 Revenues of $499.3
Thousand and Net Income of $76.4 Thousand
WEST PALM BEACH, FL-(Marketwired - May 23, 2017) - iTeknik
Holding Corporation (OTC PINK: ITKH) announced results for their
third fiscal quarter ended March 31, 2017.
In the first operating quarter since acquiring the assets that
are now operating as its Big Rhino Corporation subsidiary, iTeknik
announced revenues of $499.3 thousand with net income of $76.4
thousand for the period.
Fred Wicks, iTeknik's Chairman and CEO said, "The results
achieved by our Big Rhino Advertising Agency in our first operating
quarter have been outstanding. Kyle Eng, President of Big Rhino,
and his phenomenal team continue to produce bottom-line results
that impress their automotive and non-automotive clients. Their
hard work and dedication to quality are the reasons Big Rhino has
already built a strong brand. We are adding new clients every month
and as a result, have a solid and growing customer base."
Fred Wicks also said, "In addition to our strong financial
results and business growth, we are making major strides in our
long-term corporate strategy. We are diligently working on our
audit that will allow us to eventually become fully reporting. We
are also continuing our search for suitable acquisition and merger
partners. We have hired an Investor Relations firm to help us get
our message out to a wider community of investors using social
media and other innovative tools. All of these efforts are
dedicated to increasing the value of our stock for all of our
shareholders."
iTeknik Holding Corporation (OTC PINK: ITKH) 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's
strategy (OTC PINK: ITKH) is to acquire fundamentally sound
companies that are market accepted, scalable and demonstrate a
quantifiable value proposition. Our focus is in companies that have
strong market presence, brand awareness and talented and dedicated
management teams. We seek companies with the potential to achieve
exceptional performance over time in the Marketing, Advertising and
Digital Media space and related technologies. iTeknik lends its
operational support, management approach and financial resources to
these companies to achieve improvements in revenue and earnings
growth as well as positioning in the marketplace. iTeknik Holdings
currently operates one wholly owned subsidiary, Big Rhino
Corporation. For more information visit our website at
www.iteknik.com.
About Big Rhino Corporation: Big Rhino Corporation is a wholly
owned subsidiary of iTeknik Holding Corporation and is a
full-service advertising and digital media agency. Big Rhino excels
in providing on-strategy, fast, precise and creative marketing
solutions that get our clients BIG results. We maintain a nimble
in-house creative team with a unique talent for delivering the
highest quality creative that we believe is faster than anyone
else. When combined with our completely integrated digital,
interactive and media teams, our clients have access to a strategic
and responsive advertising machine. For more information check us
out at www.bigrhino.agency
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 Information
- Contact: Investor Relations Tom Nelson
Tenassociates33@gmail.com 480-326-8577
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