iTeknik Holding Corporation Retains "Current Information" Update on Pinksheets.com
Company Also Posts Profit and 59% Sales Increase in FY 2011 Annual Report
(firmenpresse) - COMMERCE, MI -- (Marketwire) -- 10/18/11 -- iTeknik Holding Corporation (PINKSHEETS: ITKH), a leader in the international communications industry through its subsidiary, Send Global Corporation, today announced that it has retained its Pink Sheets "Current Information" designation through Q1 FY 2012. Retention of the Current Information status followed the Company's posting of its FY 2011 Annual Report.
Sales for FY 2011, which ended on June 30 were $11,702,974
Net income was $295,135 compared to a prior year loss
Assets increased by 113% from prior year
Liabilities were reduced by 11%
Debt was reduced by 34.5%
Total Stockholders' Equity increased by 33.8%
The Company's disclosure document and annual financial report can be viewed at: .
About iTeknik Holding Corporation
iTeknik Holding Corporation was formed to develop and launch new technology and products in the global communications market. 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; wholesale carrier routing services; reseller billing and reporting; Web-based reseller solutions; prepaid calling card solutions; international cellular calling; and retail point of sale solutions. The company serves B2B carriers, telecom resellers, retail outlets and consumers direct through websites such as , , , and . iTeknik Holding Corporation was founded in 2007 and is based in Commerce, Michigan. Through its subsidiaries, iTeknik has more than 16 years of history in the telecommunications industry. For more information please visit website and
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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Investor Relations
888-333-1486
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Datum: 18.10.2011 - 08:00 Uhr
Sprache: Deutsch
News-ID 1047069
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Telecommunication Services
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