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iTeknik Holding Corp. Subsidiary Sees Increase in New Sales After Reorganizing Its Retail Distribution Network

^{Published on 2009-11-12 09:17:19 - Market Wire}
 

COMMERCE, MI--(Marketwire - November 12, 2009) - iTeknik Holding Corporation (PINKSHEETS: [ ITKH ]), a leader and innovator in the telecommunications industry, announced today that new account sales in its Send Global subsidiary have increased significantly as a result of reorganizing its retail distributor network.

"We decided to completely overhaul our distribution system," stated Mike West, General Manager of Send Global Corporation. "We eliminated a level of agents by promoting sub-agents to master agents. In addition, we increased commissions to both our master agents and to our retail outlets. The overall results have been very successful. Communication throughout our system has improved. We have expanded training and new sales aids for our retailers and new sales have increased as a result."

"Reorganizing our retail distribution network is the first of many initiatives we plan to expand sales," stated Jeffrey Lauzon, President of iTeknik Holding Corporation. "Our strategy is to increase our marketing efforts at the retail and consumer segments where we clearly have an advantage over our competitors."

Send Global Corporation has more than 3000 dealers, primarily independent wireless cell phone retailers who sell the company's web-based international phone calling service.

About iTeknik Holding Corporation

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