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iTeknik Holding Corporation: iTeknik Holding Corporation to Cease Operations at Its TeleCents Subsidiary

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^{Published in Business and Finance on Thursday, September 17th 2009 at 6:49 GMT by Market Wire}  

COMMERCE, MI--(Marketwire - September 17, 2009) - iTeknik Holding Corporation (PINKSHEETS: [ ITKH ]) announced today that it will cease operations at its TeleCents Communications, Inc. subsidiary.

"With shrinking wholesale margins, a declining phone card market and our desire to minimize future negative cash flow impact, the Board of Directors has decided to cease TeleCents' operations," stated Fred Wicks, Chairman of the Board of iTeknik Holding Corporation.

Jeffrey Lauzon, President and Member of the Board of iTeknik Holding Corporation, also commented, "The decision to cease operations at TeleCents will allow iTeknik to focus on the growing retail and consumer markets that our subsidiary Send Global Corporation specializes in."

About iTeknik Holding Corporation

iTeknik Holding Corporation's (ITKH) strategy is to grow by acquiring companies with unique products, technology and solid growth potential. Send Global Corporation ([ www.sendglobal.com ]) is a wholly owned subsidiary of ITKH. Together they have been offering cutting edge retail and wholesale telecommunications products and services for more than thirteen years including International and Domestic gateway services through Tier-1 carriers. Through VoIP, data, and traditional communications platforms, iTeknik provides custom calling solutions and a proprietary ANI gateway solution. Send Global provides high quality, value priced international calls from the convenience of a mobile phone. For more information please visit our website [ www.iteknik.com ].

Safe Harbor: This letter 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.