November 14, 2008
iTeknik Holding Corporation Posts New Records for Sales, Net Income and EBITDA in First Quarter FY 2009 Financials
iTeknik Holding Corporation (PINKSHEETS: ITKH), a leader in the telecommunications industry with two subsidiary companies, TeleCents Communications, Inc. and Send Global Corporation, today released its consolidated financial statements for its First Quarter FY 2009 ending September 30, 2008.
-- Sales for the 1st Quarter FY 2009 were up 17% at $4,310,107 compared to prior year first quarter sales of $3,692,972 -- Net income for the 1st Quarter FY 2009 was $413,731 -- EBITDA for the 1st Quarter FY 2009 was $438,770
"In the previous fiscal year, which ended on June 30, 2008, we set records for sales and profits for an entire year," said Jeffrey Lauzon, President of iTeknik Holding Corporation. "Now we have set new records for sales, net income and EBITDA for a single quarter. We will continue our aggressive actions to increase sales and reduce our costs even in this difficult economic environment."These financials, which include the results of iTeknik's subsidiaries Send Global Corporation and TeleCents Communications, Inc., can be viewed at: http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=18231
About iTeknik Holding Corporation
iTeknik Holding Corporation's (ITKH) strategy is to grow by acquiring companies with unique products, technology and solid growth potential. TeleCents Communications, Inc. (www.telecents.com), a licensed 214 telecommunications carrier, and Send Global Corporation (www.sendglobal.com) are wholly owned subsidiaries 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.
Contact: Investor Relations 888-333-1486 Ext. 112 http://www.iTeknik.com
SOURCE: iTeknik Holding Corporation