WEST PALM BEACH, FL--(NewMediaWire - Apr 10, 2017) - iTeknik
Holding Corporation (OTC
PINK: ITKH) announced today that it had engaged PCAOB
certified auditing firm, L&L CPAs, to complete the audit of its
books and records in the process to make the Company fully
reporting with the United States Security and Exchange Commission
(SEC).
L&L CPAs estimated that the audit of the fiscal years ended
June 30th, 2015 and 2016 and the review of the three quarters of FY
2017 can be completed in about six to eight weeks. This audit would
include the results of operations for the Company's prior
subsidiary, SendGlobal and the parent company itself. While Send
Global ceased operations in October 2015, including the former
subsidiary was required under SEC rules. The audit may also include
a review of the Company's new subsidiary, Big Rhino Corporation,
for the period covering January through March 2017, the three
months it has been in operation. The Company will confer with the
SEC for a final determination.
Fred Wicks, the Company's Chairman and CEO said, "We interviewed
a handful of well-regarded firms. We selected L&L CPAs based on
three key factors; client references and reputation, the ability to
start immediately and cost. In my conversations with Ke Li,
L&L's audit partner, I felt confident that they understood our
business and what we wanted to achieve on a very short timetable."
Mr. Wicks continued, "This project is another step in our strategic
plan which we shared with investors in earlier press releases.
Becoming fully reporting will be a major benefit in terms of
attracting new investors and will further enhance shareholder value
by bringing further credibility to our financial reporting."
Concurrent with completing the audit the Company will be working
with securities counsel to be prepared to file the report(s)
required by the SEC to be listed as a fully reporting in
anticipation of moving up on OTC Markets to the OTCQB.
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 with the potential to achieve exceptional
performance over time in the Marketing, Advertising and Digital
Media space. iTeknik lends its operational support, management
approach and financial resources to these companies to achieve
improvements in both revenue and earnings growth and positioning in
the marketplace. iTeknik Holdings currently operates one wholly
owned subsidiary; Big Rhino Corp. For more information about the
Company visit our website at: www.iteknik.com
About Big Rhino Corporation
Big Rhino is a wholly owned subsidiary of iTeknik Holding
Corporation. Big Rhino is a full service advertising and
digital media agency that focuses on fast, precise and creative
marketing solutions. We maintain a nimble in-house creative team
with a unique talent for delivering the highest quality creative
that produces positive RESULTS. Our client base includes automotive
dealerships, internet retailers, medical providers, and state and
local government agencies. When combined with our digital,
interactive and media teams which are completely integrated our
clients benefit from a strategic and responsive advertising machine
at their disposal. For more information check us out
at www.bigrhino.agency.
About L&L CPAs
As a firm registered with the Public Company Accounting Oversight
Board (PCAOB), we provide our clients with SEC and PCAOB regulatory
audits. With our in-depth experience of SEC regulations, we are
able to assist clients in maintaining a current status in their SEC
filings. With the highest standard of oversight, L&L conducts
detailed and thorough reviews of all deliverables. A strong
foundation built on internal procedures that assure accuracy with
superior quality. The firm also offers expertise in the area of SEC
filing reviews. For more information about L&L CPAs visit
our website at: www.llcpas.net
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.