iTeknik Holding Corporation Expands Market Potential with the Acquisition of a Second Advertising Agency, Blender Company
August 29 2017 - 8:00AM
Marketwired
iTeknik Holding Corporation Expands Market Potential with the
Acquisition of a Second Advertising Agency, Blender Company
WEST PALM BEACH, FL-(Marketwired - Aug 29, 2017) - iTeknik
Holding Corporation (OTC PINK: ITKH) announced today that it has
completed the acquisition of The Blender Company LLC ("Blender"),
an Arizona based multi-cultural focused advertising and digital
media firm with long standing clients in state and local government
agencies. The acquisition is a purchase of 100% of the membership
interests of Blender.
Fred Wicks, Chairman and CEO of iTeknik commented, "This
acquisition allows us to utilize Blender's minority business
enterprise ("MBE") experience. In addition, Blender holds
government contracts that will enable us to expand business within
state and local government agencies in Arizona. This is the second
acquisition we have completed since focusing in this the marketing,
advertising and digital marketing space. We will continue to look
for additional acquisition opportunities as we continue our
expansion plans."
David Sandoval, Managing Member of Blender said "What attracted
us to iTeknik is the close working relationship that we have
previously enjoyed with Kyle Eng, President of Big Rhino agency and
his exceptional team. Big Rhino's expertise in digital and social
media marketing will be very valuable to our combined efforts going
forward, and allow us to take on bigger projects." Sandoval
continued, "Fred and the whole iTeknik team are building an
exciting company. I believe that the resources iTeknik can provide
will help us to gain additional clients, not only within state and
local governments, but in other areas such as health and
wellness."
Sandoval, 50, a native Phoenician sits on the governing boards
of the Peoria Unified School District, Phoenix Union Foundation for
Education, Peoria Chamber of Commerce and Peoria Historical
Society. In addition, Sandoval is the chairman of the board of
trustees for Maryvale Hospital, part of the Abrazo Health Network
(and owned by Tenent Healthcare Corporation). Sandoval will
continue in his leadership role with Blender.
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 check us out 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 iTeknik Holding Corporation
info@iteknik.com 561-594-6235
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