ITKH +.0006 fantastic news out today! iTeknik

New Post Public Reply Private Reply Replies (1) Message Board
Roger Wilco FLA #2531

ITKH +.0006 fantastic news out today!

iTeknik Holding Corporation Substantially Improves Its Capital Structure by Reducing Outstanding Common and Preferred Shares

Iteknik Holding Corp (PC) (USOTC:ITKH)
Intraday Stock Chart

Today : Tuesday 14 August 2012

Click Here for more Iteknik Holding Corp (PC) Charts.

iTeknik Holding Corporation (PINKSHEETS: ITKH), a leader in the telecommunications industry through its Send Global subsidiary, today announced that it has reduced the number of outstanding common and Preferred A shares by retiring stock held by insiders. The Company said that, in conjunction with this move, it has amended its Wyoming Articles of Incorporation to reduce the maximum authorized common and preferred shares from 1,879,000,000 to 500,000,000.
  • Outstanding common shares were reduced from 477,614,987 to 277,614,987 or 41.8%
  • Outstanding Preferred A shares (convertible at 1 for 100) were reduced from 3,441,550 to 1,229,000 or 64.3%
  • Fully diluted common shares (if outstanding preferred A shares were converted to common) were reduced from 821,769,987 to 400,514,987 shares
  • Common stock float remained unchanged at 160,775,867 shares, but now represents 40.1% ownership of the company on a fully diluted basis, up from 19.6%

Fredrick W. Wicks, Chairman and CEO of iTeknik Holding Corporation, stated, "This change is in response to feedback from the investment community that our capital structure was not optimum and concern about stock dilution. In addition, the Board wanted to improve the capital structure in the event a merger or acquisition opportunity becomes available. So the Board took the initiative to retire personal common and preferred shares. The majority of the remaining outstanding common and preferred shares are restricted and governed under SEC Rule 144. When our Annual Report is published in September, I will explain more about the revised share structure."

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 www.MyMobile011.com , www.GreatMinutes.com , www.AloBilady.com , www.IndiaMinutes.com and 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 www.iteknik.com and www.sendglobal.com .

Scroll down for more posts ▼

Top 10 Most Recent News Articles

ProClad Unveils Innovative Hybrid 2.0 Cookware

Updated Category News Views 11

Revolutionizing Cookware: The Launch of Hybrid 2.0 Today, everyone's buzzing about ProClad's big reveal—the Hybrid 2.0 Pan. Now, before you roll those skeptical eyes, hear me out. This isn’t your average bit of kitchen fluff; it’s a heavyweight contender stepping into the everyday cooking ring. What they've done here is combine the muscle of stainless steel searing...

Continue Reading
#L.A. Rising Podcast: From Fires to International Fame

Updated Category News Views 13

From Ashes to Airwaves Gritty stories of survival often cut deeper than any wonky industry analysis or corporate earnings report. When you've been through the wringer and come out the other side, that experience sticks with you—and for Kim S. Marshall, it ignited something personal yet universal with the #L.A. Rising podcast. Emerging from the 2025 L.A. fires, this...

Continue Reading
GL1F Crypto: A Breakthrough in On-Chain AI for Crypto

Updated Category News Views 6

The Dawn of On-Chain Machine Learning In a world where crypto folks often tout decentralization like it’s the holy grail, GenesisL1 is throwing open the doors to a new kind of crypto playground with GL1F Crypto. A decentralized on-chain AI studio? Sounds like sci-fi, but here we are—hands on the precipice of democratized machine learning in your browser. A Lab in...

Continue Reading
Christmas Injury Lawyers Unveils SC Knowledge Center

Updated Category News Views 6

In the world of legal labyrinths, sometimes you just need a guiding light, especially following a car accident. That's where the freshly launched South Carolina Car Accident Law Knowledge Center steps in. It’s no magic wand, but Christmas Injury Lawyers are certainly trying to cut the chaos. This online hub covers more ground than a small library, boasting 40 guides...

Continue Reading
China Automotive Systems Hits Milestone with ASPICE 4.0 CL2

Updated Category News Views 13

An Automotive Feat in R&D Now here's a story that should make waves across the automotive sector. China Automotive Systems, Inc. (NASDAQ: CAAS), a titan of power steering development in China, has nailed it by meeting the ASPICE 4.0 Capability Level 2. That's a big one, folks. Verified by a partnership between a European automaker and UL, this achievement is no fluke....

Continue Reading
Metropolitan Dermatology's Strategic Expansion into Barnegat

Updated Category News Views 12

Diving into Barnegat's Dermatology Landscape Metropolitan Dermatology has taken a strategic step by opening a new location right in the heart of Barnegat, New Jersey. Talk about a win-win for the folks in Ocean County. This isn't just another clinic opening up shop; it's about bringing comprehensive medical and surgical dermatologic care straight to the people who need...

Continue Reading
Event Industry Power 50 Voting Surge Ahead of Close

Updated Category News Views 9

An Unexpected Wave of Enthusiasm in Event Industry The Event Industry Power 50 is getting some serious action this year. Over 3,500 votes have already rolled in, smashing last year's numbers with days still left on the clock. It seems like folks can't wait to see their favorite event powerhouses crowned at this year's gala, which kicks off October 27 in New York City....

Continue Reading
OMLYCLO Shakes Up U.S. Biologic Market as Key Player

Updated Category News Views 12

Ah, the pharmaceutical game is shifting again, and this time Celltrion USA's putting their chips down with OMLYCLO, the shiny new omalizumab biosimilar. Here we see a product that's not just approved but interchangeable with XOLAIR, making it a front-runner in the allergic and inflammatory conditions battleground. If you're a patient or a provider navigating these murky...

Continue Reading
Aging at Home: The Real Costs and Obstacles Ahead

Updated Category News Views 9

Facing the Realities of Aging In Place Alright, let's talk straight. Everyone dreams of staying home in their twilight years, kicking back in their favorite chair with family nearby. But the harsh truth? That comfort comes with a price tag. According to Northwestern Mutual's 2026 Planning & Progress Study, up to 83% of Boomers+ and most other generations fancy the idea of...

Continue Reading
Hot Property Alert: Prime Storage Facility Sale in Texas

Updated Category News Views 13

Investment Gold in Abilene's Storage Sector Diving headfirst into the world of bricks and mortar, the opportunity brewing over in Abilene, Texas, packs a potent punch for anyone keen on beefing up their real estate portfolio with a top-notch asset. We're talking about Spare Feet Self Storage, a slick, Class A self-storage facility, serving the cream of the crop in a...

Continue Reading

Top 5 Most Recently Viewed Articles

Mexico Stock Market Update: Notable Movements and Trends

Updated Category News Views 305

Current State of the Mexico Stock Market In the latest session, Mexico's stock market experienced a significant decline, with various sectors encountering challenges. The S&P/BMV IPC index fell by 1.37%, reflecting a broader trend of losses across essential industries. This downturn was largely driven by decreases in the Industrials, Consumer Goods & Services, and...

Continue Reading
Copper Market Pressured by Codelco's Output Forecast Cuts

Updated Category News Views 126

Challenges Facing the Copper Market The global copper market is currently confronting significant risks as various challenges arise across important jurisdictions. Codelco, renowned as the largest copper producer in the world, has revised its output forecast for 2025, adjusting it to a range between 1.31 and 1.32 million metric tons from an earlier estimate of 1.34 to...

Continue Reading
American Battery Technology Company Reports Significant Growth in Revenue

Updated Category News Views 226

American Battery Technology Company Financial Performance American Battery Technology Company (ABTC), renowned for its integrated critical battery minerals solutions, has announced impressive growth in its fiscal 2025 fourth quarter and full-year revenue. This significant milestone underscores the company's commitment to innovating in battery technology, particularly in...

Continue Reading
Celebrating Women Leaders in Consulting at North Highland

Updated Category News Views 114

Acknowledging Leadership Among Women in Consulting North Highland, recognized as a transformative force in the consultancy landscape, is proud to announce that two of its exceptional leaders have been honored for their remarkable contributions. Sue Saikia, who serves as the Transportation vice president and industry lead, alongside Eilidh Weir, the Public Sector associate...

Continue Reading
Leadership Shakeup at Healthcare Realty Trust Enhances Growth Strategy

Updated Category News Views 168

Leadership Changes at Healthcare Realty Trust Healthcare Realty Trust has announced major changes to its leadership team, aimed at boosting the company's operational effectiveness. These new appointments align with the organization's strategic goals, focusing on growth and efficient capital utilization. New Executive Appointments Rob Hull has been appointed as the Chief...

Continue Reading