ITKH PR OUT! iTeknik Holding Corporation Posts

ITKH PR OUT!

iTeknik Holding Corporation Posts More Than $6 Million in Sales in Its FY 2012 Half Year Financial Report

http://www.marketwatch.com/story/iteknik-hold...iteid=nbsh

COMMERCE, MI, Feb 20, 2012 (MARKETWIRE via COMTEX) -- iTeknik Holding Corporation (pinksheets:ITKH), a leader in the telecommunications industry through its Send Global subsidiary, today posted its FY 2012 Half Year Results. Sales for the first six months of fiscal year 2012, ending December 31, 2011, were $6,185,564 compared to $5,893,203 for the same period in FY 2011. This is a 5.0% improvement year-over-year for the period.

Other financial highlights include:

-- Net Income was $130,069, compared to $139,859 during the first six months of FY 2011.
-- Loan Debt was reduced by 36.5%.

Fredrick W. Wicks, Chairman and CEO of iTeknik Holding Corporation, stated, "We are pleased to report another quarter of sales increase and profits. The apparent improvement in general economic conditions should help us maintain our solid performance in our third quarter."

The complete FY 2012 Half Year financial report can be viewed at:

http://www.otcmarkets.com/stock/ITKH/financials

iTeknik Holding Corporation (pinksheets:ITKH) is classified as "Current Information" and 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 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 http://www.MyMobile011.com , http://www.greatminutes.com , http://www.AloBilady.com , http://www.indiaminutes.com and http:??www.MexicoMinutes.com . 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 http://www.iteknik.com and http://www.sendglobal.com .